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CEDAC Announces New Partners in Western Massachusetts to Expand Access to the Home Modification Loan Program

BOSTON (January 13, 2023) – In INSITES this week, CEDAC announced today that the Commonwealth of Massachusetts’ Home Modification Loan Program (HMLP) has reconfigured its “Western Massachusetts” area into four sub-regions in an effort to better reach and serve homeowners in these communities. HMLP is a state-funded loan program that provides no-interest loans to t...

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CEDAC Announces Q1 FY23 Lending Results with Exciting New Projects

BOSTON (November 17, 2022) – In INSITES this week, we are excited to share CEDAC’s lending results for the first quarter of Fiscal Year 2023 (July 1 – September 30, 2022). Our early-stage project lending will help to preserve or create over 900 units of affordable housing in 12 communities across Massachusetts. From Boston to Springfield, CEDAC works with community p...

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New CDC Leaders: Listening Deeply with Keith Fairey, President and CEO of Way Finders

Keith Fairey, President and CEO of Way Finders BOSTON (October 25, 2022) – The past decades have seen the steady rise and proliferation of Community Development Corporations (CDCs), organizations created with the goal of revitalizing neighborhoods that had fallen victim to economic hardship. Areas that had fallen into disarray following years of neglect were offered n...

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Baker-Polito Administration and Department of Early Education and Care announce FY22 Grant Awards through Early Education and Out of School Time Program

The Baker-Polito Administration and the Department of Early Education and Care (EEC) recently announced a total of $3,936,000 in FY22 funding through the Early Education and Out of School Time (EEOST) Capital Fund to 17 projects across the Commonwealth. EEOST funding is intended to provide center-based early education and out-of-school time care facilities with resources t...

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Baker-Polito Administration and CEDAC Award funding in 2022 Winter Rental Round to help create or preserve more than 1,474 units of affordable housing across Massachusetts

CEDAC committed predevelopment or acquisition financing to 6 of these projects - BOSTON, July 20, 2022 – The Community Economic Development Assistance Corporation (CEDAC) is proud to serve as a financing partner in the production or preservation of 11 supportive housing projects announced during the Baker-Polito Administration’s most recent Supportive Housing funding r...

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Baker-Polito Administration and CEDAC Award Funds to 11 New Supportive Housing Projects

CEDAC committed predevelopment or acquisition financing to 6 of these projects - BOSTON, July 20, 2022 – The Community Economic Development Assistance Corporation (CEDAC) is proud to serve as a financing partner in the production or preservation of 11 supportive housing projects announced during the Baker-Polito Administration’s most recent Supportive Housing funding r...

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CEDAC Commits Over $7.1 Million in Early-Stage Financing to Six Community Development Projects in Third Quarter of FY22

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 Commonwealth, we continue to see a healthy pipeline of housing development projects in urban neighborhoods and high opportunity suburban communities.  CEDAC...

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Baker-Polito Administration Announces $63 Million for Affordable Housing Production

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 Economic Development Secretary Mike Kennealy in Gloucester on April 15th for the announcement of $63 million in new funding awards for 14 affordable housing pr...

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NeighborWorks Groundbreaking

On February 16, CEDAC Executive Director Roger Herzog proudly joined Rob Corley of NeighborWorks Housing Solutions (NHS) and House Speaker Ron Mariano, Senator (and Housing Committee Chair) John Keenan, Representative Mark Cusack, Holbrook Town Administrator Gregory Hanley, and representatives from the Department of Housing and Community Development (DHCD), Massachusetts H...

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CEDAC Commits Over $13 Million in Early Stage Financing to 32 Community Development Projects in First Half of FY22

CEDAC is proud to report that we have committed $13,144,010 in early stage financing for the production and preservation of affordable housing in 32 projects during the first half of FY22. Despite the challenges of the pandemic, we continue to see strong demand for affordable housing projects in communities from Springfield to Topsfield to Winchendon. We look forward to su...

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