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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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State Awards New Funding for 11 Affordable Housing Projects Across Massachusetts

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. ...

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CEDAC-Sponsored RAD for PRAC Forum on Preserving Existing Affordable Elderly Housing

On October 7, 2019, CEDAC offered a forum that explained how Section 202 owners can use RAD as a preservation tool for their Section 202 PRAC projects. Speakers included: Tom Davis, Director, Office of Recapitalization, US Department of Housing and Urban Development (HUD) Dan Rogers, Chief, Asset Management Division, Northeast Region, HUD Emily Cooper, Chief...

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Looking Back While Thinking Ahead: Celebrating CEDAC’s History

Two years ago, CEDAC launched the INSITES blog in anticipation of an important organizational milestone: our 40th anniversary.  We have enjoyed this opportunity to revisit our history and reflect on the events and the people who have led us to where we are today, and to highlight how community development in Massachusetts has evolved over four decades. This past spring...

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CEDAC Staff Shares Technical Expertise on Affordable Housing and Community Development Panels

As a public private community development financial institution, CEDAC’s technical assistance focuses on understanding the interplay between project development and public policy.  CEDAC’s staff includes experienced practitioners in the areas of affordable housing production and preservation, and community facility development serving the early education sector.  We ...

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An Affordable Housing Preservation Celebration: Newcastle/Saranac Apartments

Last Wednesday, August 14th, a diverse group of stakeholders, including advocates, neighborhood residents, community developers, lenders, public officials, and partners at the city and state level, came together to celebrate an important achievement – the preservation of 97 units of affordable housing at Newcastle/Saranac Apartments in Boston’s Lower Roxbury neighborho...

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