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PPP Technical Assistance Initiative – An Update

This spring, as Massachusetts mandated all child care programs and schools to close, the already-fragile child care sector was pushed further into crisis. A powerful video compilation from the U.S. Chamber of Commerce Foundation features testimonies from child care providers across the nation who share what this has meant for them as they continue to serve children during ...

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CIF, CEDAC, and EEC Announce $6.5 Million in Awards from the FY20 Early Education and Out of School Time (EEOST) Capital Fund

This week, Children’s Investment Fund, Community Economic Development Assistance Corporation (CEDAC), and the Massachusetts Department of Early Education and Care (EEC) announced that seven non-profit providers of early childhood education and out-of-school time organizations received $6.5 million from the Early Education and Out of School Time (EEOST) Capital Fund for F...

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Children’s Investment Fund and Massachusetts Department of Early Education and Care (EEC) Announce Modification to the EEOST Capital Fund

This week the Children’s Investment Fund (CIF), an affiliate of the Community Economic Development Assistance Corporation (CEDAC), and the Massachusetts Department of Early Education and Care (EEC) announced changes to the funding available through the Early Education and Out of School Time (EEOST) Capital Fund. The three organizations announced that in FY21, the EEOS...

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Creating Accessible, Affordable Housing Through the State-Funded CBH Program

In July of this year, we celebrated the thirtieth anniversary of the passage of the Americans with Disabilities Act (ADA), the first comprehensive civil rights law for people living with disabilities. Thanks to the ADA, we’ve come to rely on a wide variety of design and technology innovations that open our public spaces and our housing to residents with mobility, sens...

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Massachusetts Preserved Over 2,600 Affordable Housing Units Last Year

CEDAC announced today that Massachusetts preserved more than 2,600 units of affordable rental housing during 2019. Our data show that 3,032 total units in 25 project developments across the state were preserved using various types of state financing in 2019. From the total, 2,689 units are affordable and the remaining units are market rate.  The projects span the state an...

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CEDAC Approves $8.4 Million in Acquisition Financing to Preserve Affordability of 100 Housing Units in Attleboro

CEDAC Approves $8.4 Million in Acquisition Financing to Preserve Affordability of 100 Housing Units in Attleboro

Along with our partners Retirement Housing Foundation (RHF) and The Schochet Companies, we recently announced that CEDAC had committed more than $8.4 million in acquisition financing for the preservation of affordable housing in Attleboro.  This funding commitment was made to RHF and The Schochet Companies to acquire Hillcrest Acres in Attleboro. The transaction was r...

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Relocating Tenants During a Pandemic: What Are the Keys to a Safe, Successful Move?

Rehabilitating multifamily affordable housing projects is an important yet complicated part of preserving affordable housing in many locales. Though this process becomes all the more challenging during a pandemic, there are many reasons that the affordable real estate development process has moved forward in Massachusetts and beyond despite these circumstances. Whether exi...

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DHCD Awards $16 Million to Produce or Preserve Critical Supportive Housing for Vulnerable Populations

Over the past eight years, the Massachusetts Department of Housing and Community Development (DHCD) has crafted an innovative approach to financing the production of permanent supportive housing. Each year, DHCD holds a dedicated funding competition, the Supportive Housing for Vulnerable Populations round, to distribute capital funds as well as special project-based operat...

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The Paycheck Protection Program and Accessing Support: An Update for Child Care Providers

Children’s Investment Fund is launching a technical assistance effort with the Department of Early Education and Care (EEC) to help the ECE/OST field with the U.S. Small Business Administration’s Paycheck Protection Program (PPP). On Monday, April 27, the second round of funding for the PPP ($310 billion) became available to small businesses, but the funding is in high...

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EOEA, DHCD, CEDAC, and MassHousing Develop State Resources for Affordable Senior Housing Providers During COVID-19

Dear Owners and Managers of Affordable Senior Housing: We hope that you, your organizations and families are staying safe and healthy as we face the COVID-19 crisis together.  We want to assure you that, despite these unprecedented circumstances, CEDAC continues to support the community by providing funding and technical assistance to non-profit affordable housing deve...

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