CEDAC, in partnership with the Massachusetts Housing Partnership, is launching a new predevelopment loan program to help nonprofit and resident-controlled organizations plan for decarbonization and climate resiliency in their affordable housing projects. As described in the CEDAC/MHP Predevelopment Decarbonization Loan term sheet , funding of up to $100,000 per project will be made available at a reduced interest rate of 3%.
BOSTON (November 4, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financing commitments during the first 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 for formerly homeless individuals, new affordable housing production, and the preservation of existing subsidized housing.
CEDAC, together with three other Massachusetts public agencies, filed an amicus brief on August 16, 2024 with the Massachusetts Supreme Judicial Court (“SJC”)…
BOSTON (September 20, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financing commitments during the fourth quarter of FY2024 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 for formerly homeless individuals and individuals with developmental disabilities, new affordable housing production, and the preservation of existing subsidized housing.
On behalf of the Executive Office of Housing and Livable Communities (EOHLC), the Community Economic Development Assistance Corporation (CEDAC) is pleased to announce a Request for Proposals for funding under the Small Property State Acquisition Fund (SPAF) Pilot Program.
Request For Proposals For The Small Property State Acquisition Fund (SPAF) Pilot Program »
BOSTON (January 25, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced it has underwritten and will support 16 affordable housing projects that received funding awards as part of the 2024 Affordable Rental Housing competitive round led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). In addition, CEDAC has committed a total of $2,015,000 in early-stage financing to six (6) of these projects, aimed at creating new and preserving existing rental housing units. In these six projects, 261 of the new units will be designated for low-income households, and of these units, 90 will be designated for extremely low-income (ELI) individuals or households often transitioning from homelessness.
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…
We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC).
BOSTON, MA (May 23, 2024) — The Community Economic Development Assistance Corporation (CEDAC) announced today that it has underwritten and will support seven (7) affordable 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). In addition, CEDAC has committed a total of $4,606,162 in early-stage financing to four of these projects, aimed at creating new rental housing units. In these four projects, 91 of the new units will be designated for low-income households, and of these units, 67 will be designated for extremely low-income individuals or households often transitioning from homelessness.
CEDAC Commits Over $4.6 Million in Early-Stage Financing for Affordable Housing Projects »
