Impact

children in playground
 
Nursery school classroom

The Affordable Homes Act

A Historic Achievement for Affordable Housing

CEDAC is looking forward to fulfilling its important role as a key partner to the Executive Office of Housing and Livable Communities in the implementation of the Affordable Homes Act (AHA). The AHA and related initiatives will support the production, preservation and rehabilitation of more than 65,000 homes statewide over the next five years. It is the largest housing bond bill ever enacted in Massachusetts – authorizing $5.16 billion in capital spending and establishing 49 policy initiatives to counter rising housing costs.

Our early-stage predevelopment and acquisition financing will serve as a critical tool to build a pipeline of affordable housing development and preservation projects through partnerships with regional and neighborhood community development corporations across Massachusetts.

Through bond programs CEDAC manages for the production and renovation of supportive housing and child care facilities, outlined below, we will be responsible for fulfilling the Commonwealth's strong commitment to these critical resources.

We join the Executive Office of Housing and Livable Communities (EOHLC), our quasi-public state housing agency partners, advocates and community stakeholders in looking for 2025 to be an exciting and transformative year for affordable housing in Massachusetts.

People gathering for bill signing
 

CEDAC AND AHA CAPITAL PROGRAMS

$200M
Housing Innovations Fund (HIF)
$70M
Facilities Consolidation Fund (FCF)
$60M
Home Modification Loan Program (HMLP)
$55M
Community Based Housing (CBH)
$50M
Early Education and Out of School Time Capital Grants (EEOST)

Impact of CEDAC's and CIF's Early Stage Financing (FY24)

CEDAC approached our work in 2024 with a continued focus on achieving lasting impact within the communities and constituencies we serve. We are pleased to present our FY24 lending data that demonstrates CEDAC's robust community development activities in a wide variety of projects across the Commonwealth. CEDAC and CIF housing early-stage financing along with technical assistance supported 59 projects with 2,315 housing units in FY24. CIF project financing along with technical assistance supported 11 child care facility improvement projects.

Impact of CEDAC and CIF's Housing Early Stage Financing (FY24)

  • hammer
    59
    projects
  • house
    2,315
    housing units
  • dollar bill
    $44,549,443*
    loaned or granted
    *includes loan participations

Impact of CIF's Child Care Financing (FY24)

  • hammer
    11
    projects
  • dollar bill
    $2,105,000*
    loaned or granted
    *includes loan participations

Full List of Projects Funded by CEDAC and Children's Investment Fund

  • African Community Economic Development of New England
    Erie-Glenway-Norwell, Boston
  • Allston Brighton Community Development Corporation
    Warren Hall, Boston
  • Asian Community Development Corporation
    Parcel P-12C, Boston
    Parcel R-1, Boston
  • Boston Chinatown Neighborhood Center
    BCNC Childcare Renovation Project, Boston
  • Boston Restore, Inc.
    Regeneration Boston at 10 Harvard Street, Boston
  • Boys and Girls Clubs of Dorchester
    McLaughlin Clubhouse Playground, Boston
  • Bread & Roses Housing, Inc.
    Curtis-Brown Development, Haverhill
  • Caribbean Integration Community Development
    329 Blue Hill Ave., Boston
  • Clinical & Support Options, Inc.
    60 Wells Street, Greenfield
  • Codman Square Neighborhood Development Corporation
    St. Matthews Housing, Boston
    Talbot Commons Phase II, Boston
  • Colony Retirement Homes
    Colony on Grove - Apple, Worcester
  • Common Ground Development Corporation
    Cross Street Supportive Housing, Lowell
  • Commonwealth Land Trust
    250 Seaver Street, Boston
  • Community Art Center, Inc.
    Restroom and Podcast Studio Renovation, Cambridge
  • Crispus Attucks Children's Center
    Crawford Street Improvements, Boston
  • Dorchester Bay Economic Development Corporation
    DotPortfolio, Boston
  • Elizabeth Peabody House
    Broadway HVAC and Restrooms Improvements, Somerville
  • FamilyAid Boston, Inc.
    West Newton Family Engagement Center, Newton
  • Father Bill's & MainSpring
    Roadway Apartments Phase 2, Brockton
  • Fenway Community Development Corporation
    112 Queensberry Street, Boston
  • Fields Corner CDC
    Fields Corner Granites, Boston
  • Friends Or Relatives With Autism and Related Disabilities
    FORWARD at the Rock Phase 2, Dennis
  • Greater Lawrence Community Action Council
    Olde Station Square, Lawrence
  • Harborlight Homes
    Asbury Common, Hamilton
    Catalyst Housing, Lynn
    Windward Senior Supportive, Rowley
  • Holyoke Housing Authority
    South Holyoke Homes Phase 3, Holyoke
  • Home City Development, Inc.
    275 Chestnut Street, Springfield
    Ferry Street Affordable Housing, Easthampton
  • Independent Housing Solutions, Inc.
    37 Franklin Street, Northampton
  • Jamaica Plain Neighborhood Development Corporation
    Cheney Homes Apartments, Boston
    Mildred Hailey Apartments Building 2, Boston
  • John F. Kennedy Family Service Center, Inc.
    Accessibility and HVAC Improvements, Boston
  • Just-A-Start Corporation
    Laurel Street Homeownership, Cambridge
    24 Webster Avenue, Somerville
  • Metro West Collaborative Development, Inc.
    5 Auburn Street, Natick
  • Mission Hill Neighborhood Housing Services
    Parcel 25 Phase 3, Boston
  • Montachusett Veterans Outreach Center
    Poland and Streeter Schools Redevelopment, Winchendon
  • NewVue Communities, Inc.
    470 Main Street Refinance and Renovation, Fitchburg
    Bigelow-Riverbend Schools, Athol
  • North Shore Community Development Coalition
    Residences at El Centro, Salem
  • Nurtury Early Education
    FCC Incubator at Nurtury, Boston
  • Paige Academy
    Facility Improvements at 40 Highland Avenue, Boston
  • Planning Office for Urban Affairs, Inc.
    Saint Ann's Senior Village, Wayland
    St. Jean Baptiste, Lynn
    Stone House at Westminster Terrace, Boston
  • Preservation of Affordable Housing, Inc.
    Northside Village, Dennis
  • Rural Development, Inc.
    170-186 Main Street, Greenfield
    Evergreen Circle at Care Drive, Erving
  • Somerville Community Corporation
    Bow Linden, Somerville
  • South Middlesex Opportunity Council
    237 Chandler Street, Worcester
  • Sportsmen's Tennis & Enrichment Center
    Out-of-School Time Classrooms Improvement Project, Boston
  • St. Mary's Center for Women & Children, Inc.
    St. Mary's Center Campus Revisioning Phase 1, Boston
    St. Mary's Center Campus Revisioning Phase 2, Boston
  • The Community Builders, Inc.
    Province Post, Provincetown
    900 Morrissey Blvd., Boston
  • The Neighborhood Developers, Inc.
    21-23 High Street, Lynn
  • Twenty Charlesgate LLC
    20 Charlesgate West, Boston
  • United South End Settlements
    Rutland House Playground Renovation and Accessibility Improvements, Boston
  • Valley Community Development
    23 Laurel Street, Northampton
    Amherst Community Homes, Amherst
    Easthampton Town Lodging House, Easthampton
    Prospect Place, Northampton
  • Vietnamese American Initiative for Development
    Improvements to Âu Cơ Preschool, Boston
  • Worcester Common Ground, Inc.
    9 May Street, Worcester
    WCG Homes, Worcester
  • Worcester Community Housing Resources, Inc.
    Oriol Drive Permanent Housing, Worcester

Images Credited To: Damianos Photography, Fenway Community Development Corporation (R. Herzog Headshot), Andy Levine (HMLP photos and video), Commonwealth of Massachusetts (AHA photo)

Writing and Design Credits: Seven Letter and Ciampa Creative