Affordable housing projects are moving forward in communities throughout Massachusetts — not at ribbon cuttings or groundbreakings, but much earlier, when ideas are still taking shape and critical decisions determine what’s possible.
CEDAC recently approved more than $7 million in early-stage financing to support 16 affordable housing developments. These investments mark an important step in the life of a project — when a site is secured, plans begin to take form, and a path toward construction starts to come into focus.
At this stage, progress looks like decisions: selecting a site, advancing architectural designs, navigating local approvals, and assembling the financing needed to move forward. It’s the phase where projects shift from possibility to something much more concrete.
The developments supported through these commitments reflect a wide range of needs in communities throughout Massachusetts. In Lynn, new transit-oriented housing will bring residents closer to jobs and transportation. In Gardner, supportive housing will expand options for veterans. And in Erving, a new development will introduce the town’s first affordable housing units counted toward the state’s Subsidized Housing Inventory — a meaningful milestone for the community.
Other projects will redevelop long-vacant properties, preserve historic buildings, and create new housing in areas where options are limited. Together, they represent the early steps behind housing that will serve residents for years to come.
CEDAC’s role is to help make those steps possible. By providing financing at a critical moment in development, CEDAC helps projects gain traction and move closer to becoming the homes communities need.
Read the full press release here.
