Programs
Housing Programs
CEDAC Housing provides financing and expertise to non-profit, community-based developers looking to build or preserve quality affordable housing in Massachusetts.
Children's Investment Fund
Children’s Investment Fund offers non-profit, community-based child care providers the financial resources and technical assistance they need to create high quality learning environments.
Welcome

For over 40 years, CEDAC has helped to strengthen communities across the Commonwealth of Massachusetts by providing non-profit community development organizations with the financial resources they need to build quality affordable housing and child care facilities. Additionally, our staff of professionals help affordable housing developers, child care providers, and workforce development professionals with the technical assistance they need to turn an idea into reality. Our early stage capital and predevelopment loans has led to the production of thousands of affordable housing units from Boston to the Berkshires, and to quality child care centers in urban, suburban, and rural communities.

Welcome to our Website – if you are a non-profit community development organization seeking to produce or preserve affordable housing or a community-based non-profit childcare provider looking to upgrade or renovate your learning space, we may be able to help you. And if you have any questions regarding our loan products or our public policy work, please do not hesitate to contact us.

Roger Herzog
CEDAC Executive Director

“CEDAC’s help was critical in making sure the vision for the Kilby-Gardner-Hammond Revitalization Project became a reality.”
Steve TeasdaleExecutive Director, Main South Community Development Corporation
Announcements
  • Father Bill’s & MainSpring Hosts Supportive Housing Funding Announcement

    In INSITES this week, we recap how CEDAC staff joined Governor Baker and other senior state and local officials at Father Bill’s Place in Quincy for his March 31st announcement of the 8th annual Supportive Housing for Vulnerable Populations round. This round will produce and preserve 112 units of supportive housing, along with 100 shelter beds, in seven projects. CEDAC also provided more than $1.1 million in early stage financing to four of the seven projects. Read INSITES

  • Father Bill’s & MainSpring’s Innovative Approach to Addressing Homelessness

    In INSITES this week, we hear from John Yazwinski, President & CEO of Father Bill's & MainSpring (FBMS). He shares how what began as an emergency measure to save lives has shifted to an innovative strategy that can serve as a national model for how to address homelessness: converting an existing motel into permanent supportive housing. In December 2020, the CEDAC Board approved a $4.3 million acquisition loan to FBMS for the purchase of the Rodeway Inn in Brockton, which they will convert into 69 enhanced single room occupancy (SRO) units.  Read INSITES

  • CEDAC Approves $11 Million in Early Stage Financing to 25 Community Development Projects Across the Commonwealth

    CEDAC committed a total of just over $11 million in early stage financing for the production and preservation of affordable housing in communities across the Commonwealth during the first half of FY21, which closed on December 31st. Learn more

see all announcements

Investors Mine For Profits In Affordable Housing, Leaving Thousands Of Tenants At Risk
WBUR / Apr 29, 2021
Charles Clark moved to Boston’s South End when he was a young musician, just getting by. Forty years later, he lives in the same historic brownstone, even as rising wealth has pushed many people out of the neighborho...