BOSTON (April 16, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financing commitments during the second and third quarters 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, new affordable housing production, and the preservation of existing subsidized housing.
Category: CEDAC
Celebrating The Contributions Of Bill Brauner, CEDAC’s Outgoing Director Of Housing Development & Preservation
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…
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CEDAC Announces New Staff Additions
CEDAC Commits Over $18.6 Million in Early-Stage Financing for Affordable Housing Projects
BOSTON (January 25, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that it has underwritten and will support twenty (20) 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). In addition, CEDAC has committed a total of $18,632,685 in early-stage financing to 6 out of these projects, aimed at creating new rental housing units. In these six projects, 352 of the new units will be designated for low-income households, and of these units, 164 will be designated for extremely low-income individuals or households often transitioning from homelessness.
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Celebrating CEDAC’s Lionel G. Romain
CEDAC recently celebrated the 15th anniversary and remarkable career of Lionel G. Romain – our outgoing Director of Housing for Central & Western Massachusetts – in the Grand Hall of Union Station in downtown Worcester with Lionel’s colleagues, friends and family.
After 15 years furthering CEDAC’s mission of building strong communities through affordable housing and community economic development…
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CEDAC Early-Stage Funding in FY23 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
BOSTON (October 24, 2023) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage financing commitments during the fiscal year 2023 will help create or preserve affordable housing in communities across the Commonwealth.
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CEDAC welcomes Claire Morton as new Senior Project Manager
Did you know the Home Modification Loan Program could help fund an ADU?
BOSTON (August 9, 2023) – The Home Modification Loan Program (HMLP), a state-funded loan program administered by CEDAC, the Massachusetts Rehabilitation Commission (MRC), the Executive Office of Housing and Livable Communities, and 10 regional agencies, helps Massachusetts households finance home accessibility improvements making it possible for individuals with disabilities and older adults to remain in their own homes and communities. Since its inception over 20 years ago, the program has helped over 3,000 Massachusetts residents make modifications and additions to their homes to provide a greater quality of life for themselves and their families.
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The Home Modification Loan Program Could Be Right for You
BOSTON (June 28, 2022) – The Home Modification Loan Program (HMLP), a state-funded loan program administered by CEDAC, the Massachusetts Rehabilitation Commission (MRC), the Executive Office of Housing and Livable Communities, and 10 regional agencies, helps Massachusetts households finance home accessibility improvements making it possible for individuals with disabilities and older adults to remain in their own homes and communities. Since its inception over 20 years ago, the program has helped over 3,000 Massachusetts residents make modifications and additions to their homes to provide a greater quality of life for themselves and their families.
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CEDAC Announces Appointment of Two New Members to Board of Directors
Angie Liou and Gary Acquah will help guide the organization in its mission to provide Affordable Housing to those in need across the Commonwealth