Category: Housing

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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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.

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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).

2023 Annual Report PDF »

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 »

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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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SourceCEDAC Press Releases

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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