News Archive

  • CEDAC Commits Over $7.1 Million in Early-Stage Fin...
    May 27, 2022

    CEDAC is proud to report that we have committed $7,125,700 in early stage financing for the production and preservation of affordable housing in 6 projects during the third quarter of Fiscal Year 2022.   Across the Com...

  • 2021 Annual Report
    May 02, 2022

    We are pleased to share with you the latest annual report from the Community Economic Development Assistance Corporation (CEDAC).

  • Baker-Polito Administration Announces $63 Million ...
    May 02, 2022

    15 projects in 14 communities will create or preserve more than 700 units of rental housing BOSTON, 29, April 2022 – Community Economic Development Assistance Corporation (CEDAC) was delighted to join Housing and Econ...

  • Struggling Hotel Becomes Housing for People Experi...
    Planning Magazine / Jan 14, 2022

    When the COVID-19 pandemic began, people living in congregate facilities — spaces with shared living areas like bedrooms and bathrooms — were especially vulnerable to infection. At MainSpring House, an emergency s...

  • Investing in child care infrastructure can be tran...
    CommonWealth Magazine / Dec 27, 2021

    CHILD CARE is vital to our economy. This has never been more apparent than over the past 18 months as the COVID-19 pandemic shut down schools and child care centers across the Commonwealth – and the country. Parents a...

  • McElwain School Apartments Groundbreaking
    South Shore Chamber of Commerce / Nov 09, 2021

    QUINCY, Mass., Tuesday, November 9, 2021] The nonprofit organization Father Bill’s & MainSpring (FBMS) is breaking ground on a new development, the Yawkey Housing Resource Center, which reimagines how a community r...

  • McElwain School Apartments Groundbreaking
    Oct 13, 2021

    FOR IMMEDIATE RELEASE **************************************** Press Release Contact: Mathieu P. Zahler 617-645-3534 mzahler@mpzdevelopment.com MCELWAIN SCHOOL APARTMENTS GROUNDBREAKING BRIDGEWATER – Tuesd...

  • One Less Stressor for Caregiver Roberto Camacho
    Way Finders / Sep 29, 2021

    September 29, 2021 By late September 2017, Roberto Camacho breathed a sigh of relief. Earlier that month, he had successfully helped his elderly parents relocate from their hometown of Yauco, Puerto Rico, to the...

  • Boys & Girls Clubs of Stoneham & Wakefie...
    Patch Wakefield / Sep 07, 2021

    The Baker-Polito Administration, along with the Community Economic Development Assistance Corporation (CEDAC) and its affiliate Children's Investment Fund (CIF), recently announced $7.5 million in Early Education and...

  • ‘The only path forward’: Debating affo...
    Cape Cod Times / Aug 27, 2021

    Earlier this month, the Board of Selectmen balked at a property owners’ request to join them in what is known as a “friendly” Chapter 40B affordable housing application to the state, known as a Local Initiative...

  • Mass. Nonprofits Share $11.5M to Bolster Affordabl...
    Massnonprofit News / Aug 16, 2021

    August 16, 2021 — Nonprofits across Massachusetts, in collaboration with community development corporations and others, recently were awarded $11,578,537 to support affordable housing developments in cities and towns f...

  • West Springfield Boys and Girls Club awarded $250,...
    The Reminder / Aug 03, 2021

    The West Springfield Boys and Girls Club was recently awarded $250,000 from the Baker-Polito Administration and the Children’s Investment Fund (CIF), with its affiliate the Community Economic Development Assistance Cor...