I am pleased and grateful to be back in Massachusetts working to preserve and create affordable housing. The Commonwealth is committed to solving the many challenges to making housing affordable, available, and accessible. The Community Economic Development Assistance Corporation (CEDAC) plays an essential role in carrying out that commitment. The Commonwealth...

Many parts of Massachusetts are an “access desert” when it comes to licensed child care, according to the Department of Early Education and Care. That access desert affects 70% of infants and 43% of toddlers in the Commonwealth. Affording child care is also a challenge—more than 30,000 children are currently on the waitlist for child care financial assistance. Massac...

  Today, CEDAC announced its early-stage project financing commitments during the first quarter of FY2026 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 $...

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...

Today 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...

A rendering of the proposed deep energy retrofit, including the solar panels on the roof of the buildings, that will be constructed at Hano Homes by Allston Brighton Community Development Corporation. Photo Credit: Onion Flats Architecture   CEDAC, in partnership with the Massachusetts Housing Partnership, is launching a new predevelopment loan program to help n...

In INSITES this week: CEDAC, together with three other Massachusetts public agencies[1], filed an amicus brief on August 16, 2024 with the Massachusetts Supreme Judicial Court (“SJC”) in a case[2] that could have a significant impact on nonprofits’ ability to preserve long-term affordability in Low Income Housing Tax Credit (“LIHTC”)[3] projects.  Oral arguments...