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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 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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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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Roadway Apartments: Struggling Hotel Becomes Housing for People Experiencing Homelessness

Today, we highlight Father Bill's & MainSpring's (FBMS) innovative Roadway Apartments project, which has transformed an underused hotel in Brockton into 69 units of permanent supportive housing for people experiencing homelessness. What began as an emergency measure to protect FBMS emergency shelter guests' health is now an adaptive reuse success story that can serve a...

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Investing in Child Care Infrastructure Can Be Transformative

Pictured above: Aspire Developmental Services in Lynn before and after renovating their facility. This project was made possible in part by a $1 million Building Quality Capital Fund grant, which CIF/CEDAC administer with the MA Department of Early Education and Care (EEC). Today, we're excited to share a CommonWealth Magazine op-ed authored by Theresa Jordan, Direc...

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