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.