For more than 35 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.
CEDAC Executive Director
CEDAC Board Chair
- Vacant Site Acquisition Fund
The City of Boston, CEDAC and LISC will capitalize a new acquisition fund. The goal is simple: create a loan fund to help qualified nonprofit affordable housing development partners compete in today’s real estate market. This fund will be used to acquire substantially vacant and underutilized parcels of land and buildings for future development as mixed-income and affordable housing. The funding will target Boston neighborhoods that are at risk of gentrification with potential displacement of long term residents. For more information, review the one-pager.
- Save the Date: Chapter 40T Forum
Forum on the use and applicability of the Massachusetts Affordable Housing Preservation Act June 13, 2017 8:30-11:30am Bowditch and Dewey 311 Main Street Worcester, MA 01615 More Info
- Read Now: 2016 Annual Report
Dear Friends, We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC). This annual report highlights the success of Massachusetts as a national leader in community development and the role that CEDAC’s unique lending model has had in that success. We are proud of the Commonwealth and of the positive impact that we are able to have on individuals, families, and children that are served by our non-profit partners. The report includes examples of the continued commitment that the both CEDAC and the Baker-Polito administration have made to support affordable housing, high quality child care, and workforce development. It is difficult to share all of the good work that CEDAC, Children's Investment Fund and Commonwealth Workforce Coalition do on a yearly basis. So this year, we’ve looked to data and visuals to create a dynamic and easy to digest report to tell our story. The success of our efforts relies on effective relationships with many public and private partners, and we thank you for your contributions and collaboration. Please enjoy Annual Report 2016. We look forward to hearing your feedback. Sincerely, Roger Herzog Executive Director, CEDAC
- Thanks @CHAPAdotorg & @HellerRachel for having 2 of our own @sarabarcan & Bronia Clifton at today's brownbag lunch!May 25 2:38 pm / /
- Don't miss our own @sarabarcan and Bronia Clifton at @CHAPAdotorg's brown bag lunch this week! https://t.co/2kjPeiIdeJMay 23 4:08 pm / /
- Attn: Owners & Developers of #affordablehousing & #housing & legal services attorneys - Chapter 40T Forum on 6/13 https://t.co/ojL93ZW8iwMay 23 11:30 am / /
- .@CKornegayDHCD of @MA_DHCD speaking at the opening of @JP_NDC's Amory Avenue Apartments. Proud to support this… https://t.co/tyFDoB7DORMay 20 2:55 pm / /