Today, CEDAC announced that it has provided financing to nine of 21 affordable housing projects that received funding awards in the most recent competitive round of affordable housing led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). CEDAC has committed a total of $9,587,000 in early-stage financing to these projects, which will create 429 new affordable rental apartments. Additionally, 128 of these apartments will be designated for extremely low-income individuals or households often transitioning from homelessness.
“The projects announced in EOHLC’s new round of funding show the kind of housing we wish to support with our non-profit partners across the Commonwealth,” said CEDAC Executive Director, Ethan Handelman. “We are thrilled to continue our partnership with the Healey Administration in fulfilling their mission to create more affordable housing in Massachusetts.”
Details on the projects CEDAC financed can be found here.
