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Healey-Driscoll Administration and CEDAC Announce Selection of New Executive Director

Healey-Driscoll Administration and CEDAC Announce Selection of New Executive Director

BOSTON (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...

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CEDAC Announces Recipients of The Small Property State Acquisition Fund

CEDAC Announces Recipients of The Small Property State Acquisition Fund

BOSTON (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...

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CEDAC Provides Over $9.2 Million in Early-Stage Financing for Affordable Housing Projects

CEDAC 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...

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Announcing CEDAC’s 2024 Annual Report

Today, 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...

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CEDAC Early-Stage Project Funding Q2 FY2025

  CEDAC 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...

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CEDAC Launches New Decarbonization Predevelopment Loan Program in Partnership with MHP

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...

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CEDAC Early-Stage Project Funding Q1 FY2025

For Immediate Release Media Contact: Macsonny Onyechefule – Seven Letter macsonny@sevenletter.com   CEDAC Early-Stage Funding in Q1 of FY2025 Will Help Create or Preserve Affordable Housing in Communities Across the Commonwealth Project funding totaled over $23 million in predevelopment and acquisition financing. BOSTON (November 4, 2024) – The Communi...

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Amicus Brief Filed in SJC Case with Much at Stake for Preserving Affordable LIHTC Units

Amicus Brief Filed in SJC Case with Much at Stake for Preserving Affordable LIHTC Units

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...

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Healey-Driscoll Administration Announces Capital Grants to Child Care Facilities

CIF Director Theresa Jordan, Education Secretary Patrick Tutwiler, State Representative Adrian Madaro, East Boston Social Centers (EBSC) Executive Director Justin Pasquariello, Senator Sal DiDomenico, an EBSC educator and student, and EEC Commissioner Amy Kershaw. Last Monday, the Healey-Driscoll administration announced that 20 programs from across Massachusetts will r...

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Request for Proposals for the Small Property State Acquisition Fund (SPAF) Pilot Program

  On behalf of the Executive Office of Housing and Livable Communities (EOHLC), the Community Economic Development Assistance Corporation (CEDAC) is pleased to announce a Request for Proposals for funding under the Small Property State Acquisition Fund (SPAF) Pilot Program. This Pilot Program offers acquisition financing to eligible nonprofit housing organizatio...

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