About CEDAC
CEDAC is a public-private community development financial institution that provides project financing and technical expertise for community-based and other non-profit organizations engaged in effective community development in Massachusetts.
CEDAC’s work supports two key building blocks of community development: affordable housing and early care and education. CEDAC is also active in state and national housing preservation and supportive housing policy research and development and is widely recognized as a leader in the non-profit community development industry.
Non-profit developers are often at a disadvantage when it comes to accessing the seed capital critical to making any project a success. CEDAC helps community development corporations and other non-profit developers by providing them early stage capital financing and technical assistance throughout the development process. CEDAC Housing’s financing options, which include predevelopment, acquisition, and bridge lending, provide developers with the patient capital to acquire property, hire a team of professional consultants that are needed for moving a development forward, and assemble financing packages to complete the projects.
Children’s Investment Fund (the Fund) helps non-profit, community-based child care providers develop high quality early care and education and out-of-school time learning space. The Fund provides child care providers with capital resources needed to expand, renovate, and upgrade their facilities and the technical assistance they require to complete their projects. Along with the Massachusetts Department of Early Education and Care, CEDAC and the Fund help to administer the Early Education and Out of School Time (EEOST) Capital Fund, the first child care capital fund established through community development legislation.