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.

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

“Whether lending funds for the master planning process, supporting individual projects or advocating for the larger Jackson Square Initiative, CEDAC has played an invaluable role in this ambitious plan to transform our community.”
Richard ThalExecutive Director, Jamaica Plain Neighborhood Development Corporation
  • Continuing To Support The Community While Working From Home

    We hope that you and your organizations and families are staying safe and healthy as we face the Coronavirus crisis together.  We want to inform you that, despite the extraordinary impacts to our lives that we are experiencing, CEDAC is continuing to function and carry out its important business activities. In accordance with the Baker Administration’s recent order regarding business activity during this public health crisis, the CEDAC office closed on March 24th. CEDAC commenced with remote work operations for most staff on March 16th, and all staff will continue working from home until further notice to help protect them and the community. Read more

  • New England’s First LGBTQ-Friendly Senior Housing Initiated by Kuehn Planning Grant

    At INSITES this week, we highlight the adaptive reuse of a middle school in Boston's Hyde Park neighborhood, which is on track to become New England’s first LGBTQ-friendly senior housing complex. A partnership between a non-profit LGBTQ Senior Housing Inc and Pennrose Development, this groundbreaking new project began with the support of a Kuehn Planning Grant, a program that CEDAC manages to help the non-profit community development sector across the Commonwealth.  The program was established in 2016 with funding from the Kuehn Charitable Foundation (KCF), with the goal of helping non-profits explore a project’s feasibility at the earliest stages of development. Read INSITES

  • CEDAC Research Shows Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted

    At INSITES this week, we share a new research study that shows far fewer units in the Commonwealth financed through the Low Income Housing Tax Credit (LIHTC) program are at risk of losing their affordability status than predicted. A careful look shows that the vast majority of LIHTC projects have affordability restrictions that will extend beyond the program's required minimum of 30 years of affordability, which is good news for thousands of families across the state. Read INSITES

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A $5 million investment in kids at Greater Lowell YMCA
Lowell Sun / Mar 06, 2020
A $5 million “investment in the future of our kids” should be ready by September as the Greater Lowell YMCA embarked Friday on a renovation and expansion project to its Thorndi...