Houses playground
Brick building

Impact of CEDAC's and CIF's Early Stage Financing (FY22)

CEDAC approaches its work with a continued focus on achieving lasting impact within the communities and constituencies we serve. We are pleased to present our FY22 lending data that demonstrates CEDAC's robust community development activities in a wide variety of projects throughout the Commonwealth. CEDAC early stage project financing along with technical assistance supported 51 projects with 2,092 housing units in FY22.

  • hammer
  • house
    housing units
  • dollar bill
    loaned or granted
    **includes participations

Permanent Supportive Housing Efforts

With our focus on creating lasting impact, CEDAC plays a critical role in the state's efforts to deliver permanent housing solutions for our most vulnerable populations, including families, elders, and veterans. 2022 saw the completion of several permanent supportive housing projects at a time when the growing population of unhoused families and individuals across the state has become a particularly pressing issue. CEDAC has also committed predevelopment and acquisition financing to an emerging set of projects focused on converting hotels and motels to create a significant volume of single room occupancy housing. This model of permanent supportive housing development is one CEDAC and its state partners see great promise in for their efficiency and effectiveness, as we address the crisis of homelessness.

  • Supportive Housing
    NeighborWorks Housing Solutions, Marshfield Veterans House, Marshfield—veterans housing
  • Supportive Housing
    The Neighborhood Developers, St. Therese Apartments, Everett—this senior housing project also features a health center on the first floor
  • Supportive Housing
    Harborlight Community Partners, Anchor Point, Beverly—housing for families who experienced homelessness

Full List of Projects Funded with Predevelopment or Acquisition Financing in FY22

  • Barre Housing Authority
    Bradford Apartments Redevelopment, Barre
  • Clinical & Support Options, Inc.
    60 Wells Street Permanent Supportive Housing, Greenfield
  • Coalition for a Better Acre
    555 Merrimack Street, Lowell
    Gorham Street Phase II, Lowell
  • Codman Square Neighborhood Development Corporation
    Talbot Commons Phase II, Boston
  • Commonwealth Land Trust
    Warren Street Housing, Boston
  • Devenscrest Tenant Association Inc.
    Devenscrest Housing Affordability Feasibility Analysis, Ayer
  • East Boston Community Development Corporation
    2 Shawsheen Road, Boston
  • Father Bills & MainSpring
    Manley Housing Resource Center (Phase 1), Brockton
    Manley Housing Resource Center (Phase 2), Brockton
  • Fenway CDC
    20 Charlesgate West, Boston
  • Fields Corner CDC
    One Arcadia Street, Boston
  • Greenwood Shalom Outreach Community, Inc.
    Greenwood Shalom Outreach Community, Boston
  • Harborlight Community Partners
    Agawam Village, Ipswich
    Asbury Common, Hamilton
    Catalyst Housing, Lynn
    Granite Street Crossing, Rockport
    Maple Woods, Wenham
  • Heading Home, Inc.
    37 Wales Street, Boston
  • Hilltown Community Development Corporation
    Chester Commons, Chester
  • Home City Development, Inc.
    275 Chestnut Street, Springfield
    Amethyst Brook, Pelham
    Gemini Townhomes, Springfield
  • House of Hope Housing, Inc.
    New Hope 4, Lowell
  • Jamaica Plain Neighborhood Development Corporation
    Bridging the Gap Homeownership, Boston
    Cheney Street, Boston
  • Lawrence CommunityWorks Inc.
    Island Parkside Phase 2, Lawrence
  • Louison House, Inc.
    Bracewell Youth Housing Project, North Adams
  • Metro West Collaborative Development, Inc.
    62 Packard Street, Hudson
    Glen Brook Way Senior Apartments, Medway
    One Rosary Drive, Watertown
  • Montachusett Veterans Outreach Center
    Veterans Housing - Winchendon, Winchendon
  • Neighborhood Housing Services of the South Shore, Inc.
    Brockton South T.O.D, Brockton
  • NewVue Communities, Inc.
    470 Main Street Refinance and Renovation, Fitchburg
    Bigelow-Riverbend Schools, Athol
  • North Shore CDC
    New Point Family Apartments, Salem
  • Nuestra Comunidad Development Corporation
    Dudley Crossing, Boston
  • Preservation of Affordable Housing, Inc. (POAH)
    LeClair Village, Mashpee
  • Royal Crest Residents Association, Inc.
    Royal Crest, Wareham
  • Southwest Boston CDC
    68 Homes Preservation Project, Boston
  • Stow Elderly Housing Corporation
    Elizabeth Brook Apartments, Stow
  • The Caleb Foundation, Inc.
    Emerson Homes, Topsfield
  • The Community Builders, Inc.
    3 Jerome Smith Road, Provincetown
    3368 Washington Street, Boston
    Marriner Mill, Lawrence
  • The Neighborhood Developers
    170 Cottage Street, Chelsea
  • Valley CDC
    Ball Lane Pocket Neighborhood, Amherst
    East Gables, Amherst
    Prospect Place, Northampton
  • Vietnamese American Initiative for Development (Viet-AID)
    Hamilton & Mt. Everett Senior Housing, Boston
  • Way Finders, Inc.
    RainCourt, Springfield