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
Janelle Chan
CEDAC Board Chair
CEDAC's initial investment in the effort enabled us to move this project [Stevens Memorial Senior Housing] forward. Their assistance was essential in allowing us to partner with Ludlow to create senior housing in an absolutely ideal location.
Peter GagliardiPresident and CEO of HAP, Inc.
  • CEDAC 2018 Annual Report Now Available Online

    CEDAC is proud to celebrate 40 years of strengthening communities across the Commonwealth. This year’s annual report reflects on how the vision expressed in CEDAC’s enabling statute of 1978 has evolved into a robust pipeline of affordable housing and community development projects sponsored by a thriving non-profit sector. Read the 2018 Annual Report

  • For 40 Years, CEDAC Has Catalyzed Positive Change

    In 1978, then-state Rep. Mel King introduced legislation that created the Community Economic Development Assistance Corp. (CEDAC), the nation’s first state agency designed to provide technical assistance to the burgeoning nonprofit community development movement. The idea of such an agency grew out of the Wednesday Morning Breakfast Group meetings convened by Mel at MIT with community activists and planners. Read our latest op-ed

  • CEDAC to Honor Mel King at 40th Anniversary Celebration

    At INSITES this week, we announce that we will honor former State Representative Mel King as we commemorate CEDAC's 40th anniversary this month. At the same event, CEDAC's affiliate Children’s Investment Fund will also present Judy Cody, executive director of the Beverly Children’s Learning Center (BCLC), with the Mav Pardee Award for Building Quality. Read INSITES

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For 40 Years, CEDAC Has Catalyzed Positive Change
Banker & Tradesman / Mar 11, 2019
For 40 Years, CEDAC Has Catalyzed Positive Change Early-Stage Assistance Has Helped Build Housing, Transform Communities By Roger Herzog Special to Banker & Tradesman In 1978, then- state representative ...