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CEDAC Commits Over $11.5 Million in Early Stage Financing in Second Quarter of 2021

Today, CEDAC announced that we approved over $11.5 million in early stage project financing to 16 non-profit community development organizations across Massachusetts in the second quarter of 2021. This lending supports affordable housing developments in cities and towns across the Commonwealth from Boston and Worcester to Northampton. This strong lending performance in...

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Baker-Polito Administration Announces $139 Million in Funding to Produce and Preserve 1,346 Units of Affordable Housing

CEDAC staff were pleased to join Governor Baker in Lawrence on July 15th for his announcement of $139 million in new funding awards for affordable housing projects across the Commonwealth. The Governor was joined by Lt. Governor Polito, Executive Office of Housing and Economic Development (EOHED) Secretary Mike Kennealy, and Department of Housing and Community Develop...

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POUA and CICD’s 872 Morton Street Village Project Demonstrates How Affordable Housing Development Can Advance Racial Equity

Today, we announce that CEDAC recently committed $625,000 in predevelopment financing to 872 Morton Street Village in Boston’s Mattapan neighborhood. Planning Office for Urban Affairs, Inc. (POUA) and the Caribbean Integration Community Development (CICD) will create 40 units of mixed-income family housing, with 31 rental units and nine affordable homeownership units. Th...

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Perseverance and Resilience in a Time of Crisis: Announcing CEDAC’s 2020 Annual Report

CEDAC is excited to share our FY20 Annual Report, which highlights how we’ve helped our non-profit community partners continue to develop affordable housing and child care facilities across the Commonwealth. Despite the many hardships caused by the pandemic, the community development sector has demonstrated remarkable resiliency and perseverance in moving forward and sup...

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Father Bill’s & MainSpring Hosts Supportive Housing Funding Announcement

After more than a year of virtual events, Sara Barcan and I were thrilled to join Governor Baker at Father Bill’s Place in Quincy for his March 31st announcement of the 8th annual Supportive Housing for Vulnerable Populations round. Also present at the event were Lieutenant Governor Karyn Polito, Speaker of the House Ronald Mariano, and other elected officials, as we...

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Father Bill’s & MainSpring’s Innovative Approach to Addressing Homelessness

Father Bill's & MainSpring (FBMS) manages two year-round shelters for individual adults and more than 130 shelter units for families – and as you can imagine, we have seen firsthand the impact that COVID-19 is having on vulnerable people experiencing homelessness. Located in Brockton, our MainSpring House property is a congregate emergency shelter for homeless ind...

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Congratulations to Boston Mayor Marty Walsh, the new U.S. Secretary of Labor

Like so many around Boston and across Massachusetts, CEDAC was thrilled when Marty Walsh, Boston’s Mayor from 2014-2021, was selected by President Joe Biden and Vice President Kamala Harris to become the U.S. Secretary of Labor, and we congratulate him on his new role.  He brings an unquestioned commitment to helping working families and individuals to the role, which w...

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Commonwealth Announces Funding Awards for Twelve Affordable Housing Projects in Mini-Round

On March 2nd, Secretary of Housing and Economic Development Mike Kennealy joined Undersecretary of Housing and Community Development (and CEDAC Board Chair) Jennifer Maddox and community development sector leaders to celebrate the 12 projects that received a combined total of $46 million in capital subsidies as well as $125 million in equity from the sale of federal and st...

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Massachusetts Funded Nearly 500 Units of Supportive Housing in FY20

Housing for Older Adults, Homeless Individuals Secured State Funding Awards in Last Fiscal Year CEDAC recently calculated how many supportive housing – service-enriched housing – units were funded in Fiscal Year 2020. According to our data, DHCD awarded capital funding and other resources to developers that will lead to the construction of 476 new units throughout t...

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DHCD Helps Affordable Housing Production and Preservation Across Massachusetts to Move Forward Despite Public Health Crisis

In October, the Baker-Polito Administration announced the 2020 Affordable Rental Housing Awards. The Massachusetts Department of Housing and Community Development (DHCD) will provide more than $105.7 million in direct funding and $53 million in state and federal tax credits for the production or preservation of more than 2,400 housing units, including 2,166 affordable rent...

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