The Community Economic Development Assistance Corporation has approved a total of $280,000 in financing to the non-profit Soldier On, Inc. for veteran housing in Northampton.
With this funding, the organization will develop two supportive housing projects on the campus of the Veterans Affairs Medical Center in the Leeds section of Northampton to aid formerly homeless veterans, according to a press release from the corporation.
The $140,000 Front Money Loan will go to developing the Gordon H. Mansfield Veterans Cooperative Housing project. The four-building permanent housing project will consisting of 44 one-bedroom units and provide supportive services to formerly homeless veterans in the area.
Several local organizations will partner with Soldier On to provide many of these services, which will include case management, education and vocational training, substance abuse treatment, and life skills development.
“For years, Soldier On has been a leader in providing permanent supportive housing and services to veterans in need,” said Roger Herzog, the corporation’s executive director.
“This project’s design – which has been pioneered by Soldier On – will serve as a model for the Department of Veterans Affairs so that it can be replicated on similar sites across the country. This is just one of the many examples of how this effective organization is going above and beyond for servicemen and women in need.”
Also located on the VA Medical Center Campus, the Leeds Transitional Veterans Housing project received $140,000 in funding from the corporation.
The facility will provide transitional housing to 16 formerly homeless individuals, many of which are expected to be single women or mothers with children. The project will include 16 bedrooms, four communal kitchens, and eight shared bathrooms. Of the 16 bedrooms, 12 will be handicap accessible and 3 will have sleeping lofts to accommodate mothers with children. Additional supportive services will be offered using an integrative treatment program for those battling post traumatic stress disorder, substance abuse, and trauma.
“Over the past several years, organizations like Soldier On have learned a great deal about providing effective housing and services to homeless women,” said Herzog. “The organization has identified a need to develop a program specifically targeted to the growing number of homeless female veterans and we are pleased to be partnering with them on this important and innovative project.
Category: CEDAC
Viet-Aid secures funds for Four Corners project
A $14.5 million Four Corners project put together under the auspices of the Vietnamese American Initiative for Development Inc. (Viet-AID) is moving ahead. The project recently picked up $600,000 predevelopment loan.
The Community Economic Development Assistance Corporation, which works on community development projects with state agencies, provided the loan. CEDAC also provided $450,000 to Viet-AID to purchase a part of the site.
The project includes two buildings that will replace a former auto body shop and nine vacant publicly owned lots. Viet-AID, which is based in Fields Corner, plans to build 35 affordable rental units. Nine of the units will be specifically for former homeless families.
One building will have three stories at 331-337 Washington Street and another building will have four stories at 322-336 Washington Street. There will also be 3,000 square feet of commercial space on the first floors and 23 parking spaces.
Construction is expected to start late this year and finish up at the beginning of 2016. The Boston Redevelopment Authority signed off on the project in October 2013.
“We are excited to see underutilized land in the Fairmount Corridor converted into sustainable, affordable housing,” Mayor Martin Walsh said in a statement.
Nam Pham, Viet-AID executive director, said the project is part of his organization’s transit oriented design strategy. The project is a 10 to 15 minute walk from the Four Corners/Geneva commuter rail station.
Viet-AID has also received support for the project from the city’s Department of Neighborhood Development and the Federal Home Loan Bank of Boston.
$3.9 million from state to fund affordable housing upgrade, construction in Berkshires
A regional housing agency has received nearly $3.9 million in state funding toward the purchase – and eventual upgrade – of an affordable housing complex in Pittsfield and the construction of senior housing in Wlliamstown.
Berkshire Housing Development Corp. has secured a $3.6 million loan from the Community Economic Development Assistance Corp. to buy the Dalton Apartments on April Lane in the city.
Once the funds are in hand, BHDC plans a $5 million upgrade of the 44-year-old, 100-unit housing complex, according to Executive Director Elton Ogden.
“In partnership with Rees-Larkin, we plan significant capital investment,” Ogden said. Rees-Larkin was the Boston development firm that created the 45-unit Rice Silk Mill Apartments that opened in Pittsfield in September 2012.
Rees-Larkin’s principal developer, Jon Rudzinski, looks forward to the joint venture with BHDC, which manages the Rice Silk Mill Apartments.
“I came back to Pittsfield because of the great working relationship with [BHDC] and, personally, I like the fact of having another project in the city,” he said. “It’s also a win-win situation when you show up with resources for rehab.”
The $3.6 million loan is actually a bridge to allow the development team to obtain $6.2 million in federal and state low-income housing tax credits, with the balance of the financing coming from permanent loans.
The 11-building Dalton Apartments complex, currently owned by the Dalton Apartments Limited Partnership of Eastern Massachusetts, was built in 1970 and currently has 15 vacancies, according Ogden. He noted of the 100 apartments, 20 are set aside for tenants who qualify for state housing subsidies known as Section 8. BHDC plans to seek permission to increase the number of Section 8 units among the 100 apartments.
The remaining $305,500 from CEDAC is a pre-development loan for the design of a 40-unit senior housing project on land being donated by Williams College, near the Williamstown Elementary School.
Highland Woods is primarily aimed to help residents being forced to leave the Spruces Mobile Home Park, which was heavily damaged by Tropical Storm Irene in August 2011.
“This brings us one step closer for people who haven’t left the park or others who want to return to Williamstown,” said Catherine Yamamoto, chairwoman of the local Affordable Housing Committee.
Yamamoto noted the remaining 90 tenants have until early 2016 to vacate the complex, which catered to people 55 and older. In all, 300 residents occupied Spruces prior to Irene, with some already moved into housing elsewhere in town or outside the community.
BHDC’s development of Highland Woods is being assisted by a pair of nonprofits: Williamstown Elder Housing Corp. and Higher Ground Inc. Ogden says the planning has been well underway since October – and if construction money is secured this spring – work can begin this summer.
Gov. announces $25M in housing for veterans, others
Vietnam War veteran Richard Yarde listened intently to Gov. Deval Patrick as he announced millions of dollars in funding to create affordable housing for veterans in communities across the state and in Haverhill.
Yarde’s thoughts soon turned to a time 15 years ago when he was in need of an apartment he could afford and was referred to Veterans Northeast Outreach Center in Haverhill. He also thought about the many veterans he’s met in recent times who’ve told him they need the same kind of helpful hand in finding safe and affordable housing as he did so many years ago.
“It’s absolutely wonderful,” Yarde said about Patrick’s announcement yesterday at Veterans Northeast Outreach Center on Reed Street.
“This will give veterans what they deserve for their service to their country,” Yarde said. “For many, it will be a start as a lot of returning veterans come home and live with family as a lot of them can’t afford the cost of market-rate housing. And in addition to housing, they’ll have opportunities for job training, retraining and other services that Veterans Northeast can provide.”
Yarde, house manager for the Veterans Mansion on Cedar Street, a program of VNOC, said the 27 new units planned for the Mount Washington neighborhood should fill up as quickly as they are built.
“Most housing is not affordable for a lot of veterans and trying to find a job that will support them in the current economy is almost impossible,” Yarde said.
Patrick was in Haverhill yesterday to announce more than $25 million in funding to create over 335 new units of supportive housing for veterans, homeless and very low income households across the state. He said the funding is part of an aggressive plan by his administration to end chronic homelessness of veterans.
The governor also announced that with these units, his administration has reached its goal of creating 1,000 units of permanent, supportive housing in Massachusetts a year early. Patrick made the announcement at the Reed Street campus of Veterans Northeast Outreach Center, which will receive funding assistance in creating 27 new units of housing for veterans.
“Government’s role is to help people help themselves, and I am extremely pleased that we have reached out ambitious housing goal early, ensuring that more of our families have the resources to get back on the feet,” Patrick said to a crowd of people that included other state officials along with city officials and members of Veterans Northeast Outreach. “Helping our most vulnerable families transition into stable housing is vital to supporting our economy and creating a stronger Commonwealth for the next generation.”
The local organization that provides a range of services to veterans and their families plans to begin construction this summer of 27 additional units of affordable rental housing in the Mount Washington neighborhood, where it is based.
John Ratka, executive director of Veterans Northeast Outreach, said that nationally, there is no larger single demographic that has a greater need for affordable housing than veterans and their families.
He said his organization works with veterans in their early 20s to those in their 80s who have a need for affordable housing as some are low-income and some are living on disability compensation.
Mayor James Fiorentini addressed the crowd as well saying this new housing project is part of the city’s ongoing efforts to revitalize the Mount Washington neighborhood.
Fiorentini told The Eagle-Tribune that police have instituted additional patrols in the area to combat crime, while other quality of life initiatives include the revitalization of Swasey Field, which has a new water park that is expected to open this summer with more improvements planned.
“We’re also instituting more street sweeping and inspections of vacant housing,” Fiorentini said.
On Jan. 15, the city’s Zoning Board of Appeals unanimously approved the application for a Comprehensive Permit submitted by the Veterans Northeast Outreach Center to create more housing for veterans.
Ratka said the $5.7 million project involves creating 27 affordable rental units on three sites in the Mount Washington neighborhood. The largest, a two-story building with 18 enhanced studio apartments, will be built along the Reed Street side of the parking lot for VNOC, which is located in the former St. Rita’s Church at 10 Reed St.
Ratka said a three-story building is planned for 74 Temple St. and will provide six, one-bedroom units with six off-street parking spaces, while a three-story three-unit building is planned for 17 to 19 Tremont St. and will provide one two-bedroom apartment and two three-bedroom apartments with five off-street parking spaces.
The two smaller buildings will be located within a hop, skip and a jump from Veterans Northeast Outreach Center so that veterans don’t have to travel far to receive any of the many support services this agency provides.
The architect for the project, Davis Square Architects of Somerville, designed the buildings to blend in with neighboring homes, many of which are flat-roofed multi-family homes.
“We want them to look like part of the neighborhood,” said Michelle Granick, a project architect with Davis Square Architects.
The project’s engineer, Joe Peznola of Hancock Associates in Danvers, said the homes will have many green energy-saving features such as high levels of insulation, high efficiency heating and cooling systems and light reflecting roofs.
Peznola said construction contracts will be going out to bid and that he expects construction to begin as early as this summer, with a possible opening next spring.
Ratka said a lot of careful planning went into the size of the project and how it would affect the neighborhood while maintaining the history of the St. Rita’s property for those who have lived in the community for a long time.
The project is a collaboration between Veterans Northeast and the Coalition for a Better Acre (CBA), based in Lowell, Ratka said.
The non-profit community development corporation has developed 425 affordable rental units, 33 commercial units, and more than 50 units for first-time home-buyers in Lowell, Ratka said. The Haverhill initiative is CBA’s first residential development project outside of Lowell.
Madeline Nash, CBA’s director of real estate, said the CBA will be seeking funding through the Low Income Housing Tax Credit Program and other state affordable housing development sources. Pre-development financing has been provided by the Community Economic Development Assistance Corporation (CEDAC). Funding for this project is from The North Shore HOME Consortium, the city of Haverhill and the state’s Housing and Preservation Stabilization Trust Fund.
Worcester, Oxford ‘supportive housing’ projects get state funds
Projects in Worcester and Oxford are among housing units for veterans, the homeless, and low-income families and individuals across the state that will receive a share of $25 million in state funds approved Tuesday by Gov. Deval L. Patrick.
The distribution of the money follows efforts launched in 2012 to add 1,000 units of so-called supportive housing by December 2015, the governor said. Administration officials said with the new grant awards, the state is reaching that goal one year ahead of that timetable.
Both of the Worcester County projects are being undertaken by the South Middlesex Opportunity Council.
A project at 16 Cottage St. in Worcester involves the upgrade of an existing 15 single-room occupancy building for $474,000. The other project is at 266 Main St. in Oxford and will provide 16 single-room occupancy units with supportive services for residents, for $350,000.
Charles Gagnon, chief operating officer at SMOC, said the agency is already running the single room occupancy program at the Cottage Street building, which is a former rest home. He said the group will use the new state funding to enhance handicapped accessibility features, install more efficient building systems and upgrade the facility. The funds also will help pay for supportive services to residents.
Mr. Gagnon said the Oxford development is a new project in the final stages of renovation of a historic Main Street building. He said the state funding will be used to complete the project, provide long-term financing and support services for residents. He said it will open this summer.
“Government’s role is to help people help themselves, and I am extremely pleased that we have reached our ambitious housing goal early, ensuring that more of our families have the resources to get back on their feet,” Mr. Patrick said in a press release. “Helping our most vulnerable families transition into stable housing is vital to supporting our economy and creating a stronger commonwealth for the next generation.”
The state’s supportive housing program is operated in conjunction with a network of nonprofit agencies to provide assistance, including child care, access to job training and mental health care.
The program “will provide a clear pathway for participants from homelessness and emergency shelters towards stabilization and growth in permanently affordable housing,” said Aaron Gornstein, undersecretary for the Department of Housing and Community Development.
Roger Herzog, executive director of the Community Economic Development Assistance Corp., who chaired a working group that developed the initiative, said 18 state agencies cooperated on the program.
“The supportive housing will help seniors, veterans, homeless individuals and families, and persons with disabilities, among others, all of whom will benefit from the services connected with this affordable housing,” he said in a prepared statement.
Mr. Patrick also awarded 208 project-based vouchers from the Massachusetts Rental Voucher Program. The vouchers are available to owners of existing affordable rental properties that provide services or partner with an agency that has experience with successfully stabilizing homeless or low-income households.
Those vouchers allow homeless families to move into existing housing developments with long-term affordability restrictions. The nonprofit agencies that own the properties provide participating families with comprehensive services to help ensure that they do not fall back into the cycle of homelessness and emergency shelter.
Support services funding of $2,500 per unit will be used for job search and training, financial literacy and planning, self-sufficiency training and coaching, counseling, parenting, early education and child care, mental health and addiction treatment, adult education and skills training.
VietAID housing project receives financial boost
A VietAID led housing development on Washington Street, recently received a financial boost from the Community Economic Development Assistance Corporation.
The private-public community development finance institution provided VietAID, a Fields Corner-based community development non-profit, with a $600,000 predevelopment loan to support its Upper Washington/Four Corners Project.
“The Boston neighborhoods of Jamaica Plain and Dorchester each have a range of very distinct affordable housing challenges,” Roger Herzog, executive director of Community Economic Development Assistance Corporation, said in a statement. “Given the growing needs of each of these communities, CEDAC is proud to partner with organizations with proven track records to improve and create more high quality housing options for lower income residents and those in need.”
The $10-million project, which is expected to break ground in late-2014, will construct two buildings for commercial space and 35 residential units.
The first building, located at 331 Washington St., will be three stories and house 13 of the units, in addition to 675-square-feet of ground floor retail space.
The second building, located at 324 Washington St., will be four stories and house 22 units and 2,000-square-feet of ground floor retail space.
The units will include four one-bedroom residences, 21 two-bedroom residences, and 10 three-bedroom residences. Nine of the units are expected to be set aside for formerly homeless families.
The project will also include 15 parking spaces at 331 Washington St. and 10 spaces at 324 Washington St.
Overall 10 separate parcels will be used for the project, with a total project area of approximately 30,400 square-feet. The project will also utilize a former auto body site, which was purchased by VietAID with a $450,000 acquisition loan provided by the Community Economic Development Assistance Corporation.
The project was approved by the Boston Redevelopment Authority in October and wasapproved by the Zoning Board of Appeals in December.
For a copy of the Project Notification Form click here
Veterans Northeast Outreach to create additional housing for veterans
Veterans Northeast Outreach is looking to create more affordable housing for military veterans and their families in the Merrimack Valley.
The organization has become a good neighbor in several areas of the city where it operates housing for veterans. Most recently, in 2012, it turned an abandoned and run-down home at 134 Cedar St. into an energy-efficient building with two apartments.
Now the organization that provides a range of services to veterans and their families is looking to develop 27 additional units of affordable rental housing in the Mount Washington neighborhood, where it is based. Construction is expected to begin as early as this fall with an opening in the fall of 2015.
“Nationally, there is no larger single demographic that has a greater need for affordable housing than veterans and their families,” said John Ratka, executive director of Veterans Northeast Outreach.
He said his organization works with veterans in their early 20s to those in their 80s who have a need for affordable housing as some are low-income and some are living on disability compensation.
On Jan. 15, the city’s Zoning Board of Appeals unanimously approved the application for a Comprehensive Permit submitted by the Veterans Northeast Outreach Center to create more housing for veterans.
Ratka said the $5.7 million project involves creating 27 affordable rental units on three sites in the Mount Washington neighborhood: vacant lots on Temple Street and Tremont Street and an underutilized parking lot on Reed Street adjacent to the VNOC Outreach Center, located in the former St. Rita’s Church at 10 Reed St.
Seven units will be fully handicap accessible, Ratka said.
Ratka said the project involves construction of three residential buildings: A two-story building with 18 studio apartments at 2 Reed St., where each apartment will have its own kitchen and bath, and is intended for single person households. The site will offer 26 parking spaces.
A three-story building is planned for 74 Temple St. and will provide six, one-bedroom units with six off-street parking spaces.
A three-unit building is planned for 17 to 19 Tremont St. and will provide one two-bedroom apartment and two three-bedroom apartments with five off-street parking spaces.
“We wanted housing that fits each neighborhood,” Ratka said. “A lot of careful planning went into the size of the project and how it would affect the neighborhood while maintaining the history of the St. Rita’s property for those who have lived in the community for a long time.”
The project is a collaboration between Veterans Northeast and the Coalition for a Better Acre (CBA), based in Lowell, Ratka said.
The non-profit community development corporation has developed 425 affordable rental units, 33 commercial units, and more than 50 units for first-time home-buyers in Lowell, Ratka said. The Haverhill initiative is CBA’s first residential development project outside of Lowell.
Madeline Nash, CBA’s director of real estate, said the CBA will be seeking funding through the Low Income Housing Tax Credit Program and other state affordable housing development sources. Pre-development financing has been provided by the Community Economic Development Assistance Corporation (CEDAC). The North Shore HOME Consortium committed $250,000 in federal HOME program funds in September 2013.
CEDAC is a private-public, community development finance institution that is also active in national housing preservation policy research and development and is widely recognized as a leader in the non-profit community development industry.
Williamstown Selectmen commit $2.6M to affordable housing project with unanimous vote
Williamstown Selectmen commit $2.6M to affordable housing project with unanimous vote
By Edward Damon, North Adams Transcript
POSTED: 11/13/2013 12:24:41 AM EST
WILLIAMSTOWN — Selectmen voted unanimously Tuesday night to commit $2.6 million to an affordable housing project on land pledged by Williams College.
“This is a necessary source of funds to assemble our total finance packaging, to show support by the community to the state as we request other funds for completion of the project, and would help us move forward on a 2016 completion date,” Mollye Wolahan, deputy director of the Women’s Institute for Housing and Economic Development, told Selectmen.
The funds for the project, 40 units of housing on a four-acre parcel next to Proprietor’s Field on Church Street, will come from the $6.13 million Federal Emergency Management Agency (FEMA) Hazard Mitigation Grant. The grant was awarded to the town and Spruces owner Morgan Management after the mobile home park on Main Street was devastated during Tropical Storm Irene in August 2011.
In June, Williams College announced it would donate the land for a coordinated effort to create affordable housing. The project is an effort involving the Berkshire Housing Development Corporation, local nonprofit Higher Ground, the Williamstown Elderly Housing Corporation and the Women’s Institute for Housing and Economic Development.
Wolahan, who attended Tuesday’s meeting with Berkshire Housing President Elton Ogden, said the project would meet the needs of the Spruces residents as well as Williamstown’s growing senior population.
“Our goal is to be in the ground in early 2015, and to be done and have housing ready for occupancy in early 2016, which would coincide with the timeframe of the Spruces closing,” she said.
The project has already received a $400,000 “pre-development” loan from the Community Economic Development Assistance Corporation (CEDAC), she said, to assist with initial plans, zoning and applications for state funding.
Town Manager Peter Fohlin noted that under the grant, Morgan Management would keep $600,000 of the grant money, and the town would have $4.1 million after residents were compensated for their losses.
“I’m comfortable with the size of the request,” he said. “It doesn’t cause me to warn the Board of Selectmen that this might be a little to ambitious.”
In related business, Selectmen discussed three warrant articles for an upcoming special town meeting tentatively scheduled for Tuesday, Dec. 10. If approved, the articles would ultimately authorize the town to take over park operation until it is closed, create a revolving fund for operation and closure expenses, and acquire the entire 114-acre Spruces property.
Allen encouraged residents to educate themselves on the warrant articles and to attend future Selectmen meetings to have their questions answered in her opening statement.
“It is now time for us to take an important step to complete the work we began on Aug. 28, 2011,” she said. “The future of the Spruces and quality of life for its residents are very important to this community.”
To reach Edward Damon, email edamon@thetranscript.com.
Copyright © 2013 North Adams Transcript
Cambridge Is A Model For Affordable Housing Initiatives
Sunday, October 6, 2013, 3:00am
Taking Stock
Cambridge Is A Model For Affordable Housing Initiatives
Putnam Square Apartment Plan Latest In Preserving Affordability
By Roger Herzog and Bill Brauner
Special To Banker & Tradesman
The city of Cambridge is setting the standard in Massachusetts in utilizing innovative resources to help preserve affordable housing units. Four years after the passage of Chapter 40T (An Act to Preserve Publicly Assisted Affordable Housing), Massachusetts is seeing tangible success in maintaining affordable homes. And Cambridge has become a model in how city, state, and nonprofit actors can work together to ensure that these units remain available to low income families and individuals.
Chapter 40T put in place some important tools, safeguards, and an early warning system that have been instrumental in helping to preserve affordable housing across the commonwealth. Since its passage, no project has lost affordability as a result of a sale, though some units have been lost when their owners converted their buildings into market-rate developments. Additionally, the state has preserved affordability on more than 8,600 units since Chapter 40T became law in 2009. Not all of those can be directly attributed directly to the law – Massachusetts has multiple ways to help owners maintain their affordability – but Chapter 40T has become a critically important piece of maintaining units from Boston to Brewster.
Chapter 40T was passed because Massachusetts took advantage of federal housing programs and built hundreds of large scale affordable housing projects in the 1960s and 1970s. Many of these projects were created by for-profit developers through federally backed mortgages, many of which are coming to maturity in the next decade. Once those mortgages expire, developers are free to convert those buildings into market-rate units, sell them to another developer, or maintain them as affordable housing developments. Among the tools provided by Chapter 40T to address the possibility that Massachusetts could shed affordable units is an innovative policy that gives that state’s Department of Housing and Community Development (DHCD) the “right of first refusal” if the owner decides to sell it. DHCD is then able to designate a new nonprofit or for-profit housing developer to acts as its purchasing agent to facilitate preservation.
Continuing Preservation
No city has taken better advantage of 40T, along with funding from the Massachusetts Preservation Loan Fund, than Cambridge. Recently, Cambridge witnessed the preservation of Putnam Square Apartments through the cooperation of DHCD; Harvard University; the city of Cambridge; the nonprofit developer Homeowner’s Rehab Inc. (HRI); and the building’s tenants. Putnam Square consists of 94 apartments that will now remain affordable for area seniors. Built in 1974, the building was owned by Harvard University, which agreed to sell the property to HRI, a well-respected nonprofit acting on DHCD’s behalf. HRI will continue to maintain the building, and indeed, plans to upgrade and renovate the property. The Community Economic Development Assistance Corp. (CEDAC), the Massachusetts Housing Investment Corporation (MHIC) and the Cambridge Affordable Housing Trust all made significant loans to ensure that these units remain affordable. CEDAC and MHIC manage the Massachusetts Preservation Loan Fund, which was created to provide loans to preservation buyers with support from the MacArthur Foundation.
This marks the second major development that Cambridge has preserved through the Chapter 40T process. In December 2011, most of the same actors – DHCD, Harvard University, HRI, and agencies who focus on the financing of affordable housing – were involved in the preservation of 25 affordable housing units in the Chapman Arms building. Also in Harvard Square, Chapman Arms was the first development to be preserved through Chapter 40T. Both cases demonstrate that Chapter 40T allows the state and nonprofit actors to move swiftly to preserve buildings with substantial affordability.
In addition to Putnam Square and Chapman Arms, Cambridge has also managed to successfully preserve two other affordable housing developments that were close to maturity. In 2012, Just-A-Start Corp. (JAS), a nonprofit community development corporation in Cambridge, purchased Bishop Allen Apartments, which helped to maintain 32 affordable housing units in Central Square. Additionally, HRI purchased the 116-unit Inman Square Apartments in 2011. It should be noted that some owners are negotiating their own preservation transactions with a new buyer – if DHCD determines that the proposed sale achieves the preservation goals of 40T, then DHCD need not exercise its right of first refusal. This is the case with both of these purchases and another mark of the law’s success.
It isn’t only Cambridge that has utilized Chapter 40T. Housing developers throughout the state are also utilizing the right of first refusal to make sure that large scale developments stay affordable. But the city of Cambridge has demonstrated that public agencies, nonprofit institutions and a municipality working together can act in the best interests of low-income residents. We expect we’ll see cities and towns following Cambridge’s lead at ever larger numbers.
Roger Herzog is executive director of the Community Economic Development Assistance Corp. (CEDAC). Bill Brauner is CEDAC’s housing preservation program manager.
Http://www.bankerandtradesman.com/news156836.html
Dorchester child care services receive financial boost
October 2, 2013
Dorchester
Dorchester child care services receive financial boost
By Patrick D. Rosso, Town Correspondent
DORCHESTER – Affordable child care services and housing in and around Boston got a financial boost this week after the Community Economic Development Assistance Corporation announced a new round of funding.
The Family Nurturing Center in Dorchester was awarded $375,000, which will help the non-profit organization acquire and renovate a Bowdoin Street space previously owned by the Bowdoin Street Health Center, said a release from the Community Economic Development Assistance Corporation.
The funds will support the center’s plan to add a second-floor addition to the Bowdoin Street property, which will help it expand its family support services specifically targeted at low income families.
“Each of the projects to which we are providing capital resources will meet unique needs within communities across the state. It is encouraging to see so many projects moving forward,” Roger Herzog, executive director of the Community Economic Development Assistance Corporation, said in a statement.
A private-public organization, the Community Economic Development Assistance Corporation provides technical assistance, pre-development lending, and consulting services to non-profit organizations involved in housing development, improvements to childcare facilities, and neighborhood economic development.
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Email Patrick D. Rosso, patrick.d.rosso@gmail.com. Follow him @PDRosso, or friend him on Facebook.
© 2013 Boston Globe Media Partners, LLC
URL: http://www.boston.com/yourtown/news/dorchester/2013/10/hold_dorchester_child_care_services_receive_finical_boost.htm