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.
Category: CEDAC
CEDAC Partners with the Massachusetts Executive Office of Housing and Livable Communities to Commit Financing for Critical Supportive Housing Projects
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…
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2023 Annual Report
We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC).
CEDAC Commits Over $4.6 Million in Early-Stage Financing for Affordable Housing Projects
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.
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CEDAC Commits Over $4.6 Million in Early-Stage Financing for Affordable Housing Projects »
CEDAC Early-Stage Funding in Q2 and Q3 of FY2024 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
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.
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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.