Affordable housing projects are moving forward in communities throughout Massachusetts — not at ribbon cuttings or groundbreakings, but much earlier, when ideas are still taking shape and critical decisions determine what’s possible.
We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC).
CEDAC is pleased to congratulate six developments that have received funding through the Executive Office of Housing and Livable Communities’ latest Affordable Housing Development awards.
I am pleased and grateful to be back in Massachusetts working to preserve and create affordable housing. The Commonwealth is committed to solving the many challenges to making housing affordable, available, and accessible. The Community Economic Development Assistance Corporation (CEDAC) plays an essential role in carrying out that commitment.
BOSTON (June 10, 2025) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financing commitments during the third quarter of FY2025 will help to create or preserve affordable housing in communities across the Commonwealth. These projects will address a range of affordable housing needs including permanent supportive housing and new affordable housing production.
Today, CEDAC is thrilled to announce the selection of its new executive director.
CEDAC is pleased to announce that three nonprofit housing organizations have been awarded funding as part of the pilot round of the Small Property State Acquisition Fund (SPAF) Program.
The SPAF Program offers acquisition financing to eligible nonprofit housing organizations of up to $450,000 for the purchase of existing smaller residential properties of 1-8 units. This state capital funding is provided in the form of zero-interest deferred payment loans with 30-50 year terms.
