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...

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...

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...

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...

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...

Last November, the City of Boston chose a developer to turn the William Barton Rogers School, a former middle school in the City’s Hyde Park neighborhood, into 74 new units of affordable housing for seniors.  And last month, the city announced that it would commit $2 million towards the completion of this project.  While an adaptive reuse of a middle school into senior...

Today, CEDAC released a new research study that shows far fewer units in the Commonwealth financed through the Low Income Housing Tax Credit (LIHTC) program are at risk of losing their affordability status than predicted.  That’s good news for thousands of families across the Commonwealth. The study looked at 228 LIHTC-financed projects - 15,679 units – that went i...

Massachusetts truly is fortunate that elected leaders consistently demonstrate their support for building affordable housing.  We received yet more evidence of this bicameral and bipartisan support on February 4th, when Governor Charlie Baker and Lt. Governor Karyn Polito announced $44 million in new funding awards for affordable housing projects across the Commonwealth. ...

On December 19th at Village Market Place in Hyannis, Commissioner Aigner-Treworgy of the Massachusetts Department of Early Education and Care (EEC) announced $6 million in FY19 Early Education and Out of School Time (EEOST) Capital Fund awards. "Well-designed buildings, classrooms and play spaces help provide high-quality learning environments in which children grow and...

In a highly competitive process among state and local jurisdictions across the country, Massachusetts was selected in 2009 to participate in the Windows of Opportunity initiative launched by the John D. and Catherine T. MacArthur Foundation.  This MacArthur initiative intended to address the need for innovative solutions to preserve the long-term affordability of thousand...