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.
Commonwealth Workforce Coalition
Commonwealth Workforce Coalition works with community-based workforce development professionals to ensure they have the tools to help job seekers in their communities.
Welcome

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.

Roger Herzog
CEDAC Executive Director
Chrystal Kornegay
CEDAC Board Chair
“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
Announcements
  • 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

see all announcements

Codman Square Affordable Housing Facility Gets Grand Opening
Banker & Tradesman / May 09, 2017
Local officials recently celebrated the grand opening of new affordable housing facility Whittier Lyndhurst Washington. The $20.1 million redevelopment created 44 units of affordable rental housing and 1,000 square fe...