Bill Brauner, Former Director of Housing Development & Preservation
In INSITES this week: CEDAC recently celebrated the major contributions of outgoing Director of Housing Development & Preservation, Bill Brauner, as he departed the organization after a stellar 21-year tenure.
Bill played a key leadership role in CEDAC’s work on affordable housing preservation, especially in our collaborative work with the Commonwealth and other key stakeholders in the implementation of the Chapter 40T law enacted in 2009. He oversaw the MacArthur Foundation-funded Massachusetts Preservation Initiative, and our Tenant at Risk contract with the City of Boston. This initiative focused on acquisition financing of at-risk projects for preservation buyers, an early warning system using CEDAC’s Expiring Use database to identify projects that approach the end of affordability periods, and interagency coordination with federal, state, and local governments on preservation policy.
Bill’s forte was always project development, and his expertise and technical assistance skills greatly benefitted his non-profit development partners, public officials, lenders and investors, and CEDAC colleagues. A great example of Bill’s project management skills was demonstrated by the $29 million acquisition loan to the Fenway CDC and Schochet Associates to preserve the long-term affordability of the 97-unit Newcastle Saranac Apartments in Lower Roxbury.
We are grateful to Bill for his many contributions to CEDAC over more than two decades and wish him well as he takes on his new role as Director of Real Estate for Urban Edge.
The CEDAC team recently had an opportunity to pay tribute to Bill for his many years of service, with a fitting celebration that even incorporated his love of theater.
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.
