We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC).
2024 Annual Report
Category: CEDAC
CEDAC Provides Over $9.2 Million in Early-Stage Financing for Affordable Housing Projects
CEDAC has underwritten and will support fourteen 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).
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CEDAC Early-Stage Funding in Q2 of FY2025 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
BOSTON (February 13, 2025) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financing commitments during the second 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.
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CEDAC Launches New Decarbonization Predevelopment Loan Program in Partnership with MHP
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%.
CEDAC Early-Stage Funding in Q1 of FY2025 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
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.
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Amicus Brief Filed in SJC Case with Much at Stake for Preserving Affordable LIHTC Units
CEDAC, together with three other Massachusetts public agencies, filed an amicus brief on August 16, 2024 with the Massachusetts Supreme Judicial Court (“SJC”)…
CEDAC Early-Stage Funding in Q4 of FY2024 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
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.
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Request For Proposals For The Small Property State Acquisition Fund (SPAF) Pilot Program
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 »
CEDAC Welcomes Roberta Rubin as Director of Housing Development and Preservation
CEDAC Commits Over $2 Million in Early-Stage Financing For Affordable Rental Housing Projects
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.