We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC).
2023 Annual Report
Year: 2024
CEDAC Commits Over $4.6 Million in Early-Stage Financing for Affordable Housing Projects
BOSTON, MA (May 23, 2024) — The Community Economic Development Assistance Corporation (CEDAC) announced today that it has underwritten and will support seven (7) affordable housing projects that received funding awards in the 11th annual Supportive Housing competitive round led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). In addition, CEDAC has committed a total of $4,606,162 in early-stage financing to four of these projects, aimed at creating new rental housing units. In these four projects, 91 of the new units will be designated for low-income households, and of these units, 67 will be designated for extremely low-income individuals or households often transitioning from homelessness.
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CEDAC Commits Over $4.6 Million in Early-Stage Financing for Affordable Housing Projects »
CEDAC Early-Stage Funding in Q2 and Q3 of FY2024 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
BOSTON (April 16, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financing commitments during the second and third quarters of FY2024 will help to create or preserve affordable housing in communities across the Commonwealth. These projects will address a range of affordable housing needs including permanent supportive housing for formerly homeless individuals, new affordable housing production, and the preservation of existing subsidized housing.
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Celebrating The Contributions Of Bill Brauner, CEDAC’s Outgoing Director Of Housing Development & Preservation
CEDAC recently celebrated the major contributions of outgoing Director of Housing Development & Preservation, Bill Brauner, as he departed the organization after a stellar 21-year tenure…
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CEDAC Announces New Staff Additions
CEDAC Commits Over $18.6 Million in Early-Stage Financing for Affordable Housing Projects
BOSTON (January 25, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that it has underwritten and will support twenty (20) affordable housing projects that received funding awards in the most recent competitive round of affordable housing led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). In addition, CEDAC has committed a total of $18,632,685 in early-stage financing to 6 out of these projects, aimed at creating new rental housing units. In these six projects, 352 of the new units will be designated for low-income households, and of these units, 164 will be designated for extremely low-income individuals or households often transitioning from homelessness.