Today, CEDAC announced that it has provided financing to nine of 21 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). CEDAC has committed a total of $9,587,000 in early-stage financing to these projects, which will create 4...
CEDAC-Supported Affordable Housing Projects Selected in Winter Round Financing Leveraged over $9 Million in Predevelopment Funds
Aug. 12, 2025
CEDAC Staff
CEDAC StaffCEDAC Early-Stage Funding in Q4 of FY2025 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
Jul. 23, 2025CEDAC Staff
CEDAC StaffToday CEDAC announced that its early-stage project financing commitments of over $12.6 million during the fourth 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 and new affordable housing production. With the...
The Home Modification Loan Program: The Myette Family
Jun. 20, 2025Susan Gillam
Susan GillamPlymouth’s John and Pam Myette have strived to keep their family together for their son Billy, who has nonverbal autism. However, as Billy got older, the couple’s concerns for their own aging and their son’s future grew. The passing of the Healey-Driscoll Administration’s 2024 landmark Affordable Homes Act and a new zoning policy allowing property owners by rig...
CEDAC Early-Stage Funding in Q3 of FY2025 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth
Jun. 10, 2025CEDAC Staff
CEDAC StaffToday CEDAC announced that its early-stage project financing commitments during the third 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 and new affordable housing production. The total commitment of $2,250,...
Healey-Driscoll Administration and CEDAC Announce Selection of New Executive Director
Apr. 23, 2025CEDAC Staff
CEDAC StaffBOSTON (April 23, 2025) – The Community Economic Development Assistance Corporation (CEDAC) and the Massachusetts Executive Office of Housing and Livable Communities (EOHLC) today announced the selection of its new executive director. Affordable housing and housing finance expert, Ethan Handelman, has been selected as CEDAC’s new executive director, effective Ju...
CEDAC Announces Recipients of The Small Property State Acquisition Fund
Apr. 2, 2025
Roger Herzog, Executive Director
Roger Herzog, Executive DirectorBOSTON (April 2, 2025) – CEDAC is pleased to announce that three nonprofit housing organizations have been awarded funding as part of the pilot round of the Small Property State Acquisition Fund (SPAF) Program. The SPAF Program offers acquisition financing to eligible nonprofit housing organizations of up to $450,000 for the purchase of existing smaller residential pr...
CEDAC Provides Over $9.2 Million in Early-Stage Financing for Affordable Housing Projects
Mar. 26, 2025Roger Herzog, Executive Director
Roger Herzog, Executive DirectorCEDAC has underwritten and will support fourteen 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). CEDAC also committed a total to date of $9,265,000 in early-stage financing to five of these projects, including: War...
Announcing CEDAC’s 2024 Annual Report
Mar. 12, 2025Roger Herzog
Roger HerzogToday, CEDAC proudly released our 2024 Annual Report. The report highlights many of the impactful projects that we helped fund throughout the year. Through our collaborations with over 41 community-based partners and more than 20 funders, we provided $44.5 million in early-stage funding and technical assistance for projects that were creating or preserving over 2,300 un...
CEDAC Early-Stage Project Funding Q2 FY2025
Feb. 13, 2025Roger Herzog, Executive Director
Roger Herzog, Executive DirectorCEDAC Early-Stage Funding in Q2 of FY2025 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth Project funding totaled over $1.7 million in predevelopment and acquisition financing. BOSTON (February 13, 2025) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage project financ...
The Home Modification Loan Program and ADUs
Jan. 21, 2025Susan Gillam
Susan GillamAn accessory dwelling unit (ADU) project in Sandwich, Massachusetts that was completed through the Home Modification Loan Program (HMLP). Photo Credit: Andy Levine The Home Modification Loan Program (HMLP) is a valuable financial resource for qualifying Massachusetts homeowners. This state-funded program offers zero percent interest loans of up to $50,000 to a...