CEDAC’s housing team joined Lt. Governor Driscoll and Executive Office of Housing and Livable Communities Secretary Augustus at an event in Gloucester at City Hall, right around the corner from the historic Pattillo Building project – one of the award recipients – to announce these important funding awards.
In INSITES this week: CEDAC has underwritten and will assist seven supportive housing projects that received funding awards in the 11th annual Supportive Housing competitive round led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC), which will provide critical funding for projects across the Commonwealth.
CEDAC also committed a total of $4.6 million in early-stage financing to four of these projects that will help to create new rental housing units. In these four projects, 91 of the new units are designated for low-income households, and of these units, 67 are designated for extremely low-income individuals or households often transitioning from homelessness.
The seven projects receiving EOHLC awards include:
- McDevitt Senior Homes in South Boston ( and CEDAC predevelopment financing)
- New Hope 4 in Lowell (and CEDAC Kuehn Planning Grant)
- Pattillo in Gloucester (and CEDAC predevelopment financing)
- Midwinter Apartments in Quincy
- 110 Ocean in Revere
- Windward Senior Supportive in Rowley (and CEDAC predevelopment financing)
- 259 Lowell Street in Somerville
Read more about the projects here.
These projects showcase the impact CEDAC is able to make through close collaboration with our non-profit partners and the Commonwealth. CEDAC is grateful for the continued partnership with the Healey–Driscoll Administration around this work – and for its sustained commitment to the production of supportive housing serving our state’s most vulnerable residents. This commitment includes its Affordable Homes Act – a proposed $4.1 billion legislative package that would accelerate the production of homes and make housing more affordable across Massachusetts. The legislation recently passed the Massachusetts House of Representatives and will now go on to the Senate for review. When approved by the Legislature and enacted it will be the largest public investment in housing by the Commonwealth in history, supporting the creation of 40,000 new housing units and the preservation or rehabilitation of 25,000 more.
CEDAC remains dedicated to helping to finance the development of affordable, supportive housing for our most vulnerable residents at a time when it is needed more than ever before.
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 policy research and development and is widely recognized as a leader in the non-profit community development industry. For additional information on CEDAC and its current projects, please visit www.cedac.org.
