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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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Spotlight on Peter Gagliardi, Former Executive Director of Way Finders

As part of our series profiling retiring leaders of organizations throughout Western Massachusetts, please take a moment to learn a little about Peter Gagliardi of Way Finders. We are grateful for his years of service and the impact he has made on community development in Massachusetts and so many individuals in need. How long were you an Executive Director at Way Fi...

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Spotlight on Dominick Marcigliano, Former Executive Director of Worcester Community Housing Resources

As the third installment of our series profiling retiring leaders of organizations throughout Central and Western Massachusetts, please take a moment to learn a little about Dominick Marcigliano, who served as Executive Director of Worcester Community Housing Resources from 2012-2020. We are grateful for his years of service and the impact he has made on the community d...

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Spotlight on Joanne Campbell, Former Executive Director of Valley Community Development Corporation

As the second installment of our series profiling retiring leaders of organizations throughout Western Massachusetts, please take a moment to learn a little about Joanne Campbell of Valley Community Development Corporation. We are grateful for her years of service and the impact she has made on the community development movement in Massachusetts and so many individuals ...

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Spotlight on Elton Ogden, former President of Berkshire Housing Development Corporation

As the first part of our series profiling retiring leaders of organizations throughout Central and Western Massachusetts, please take a moment to learn a little about Elton Ogden of Berkshire Housing Development Corporation (BHDC). We are grateful for his years of service and the impact he has made on the community development movement in Massachusetts and so many indiv...

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Secretary Kennealy’s Housing Tour Highlights Impact of Statewide Developments

For the second time in his tenure, Secretary of Housing and Economic Development Mike Kennealy spent several days this fall on a tour of many affordable housing projects in various stages of development. The Department of Housing and Community Development (DHCD) staff planned the itinerary of the tour to all of the regions of the state, and Undersecretary Jennifer Maddox, ...

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The 4% Housing Tax Credit Fix of 2020

The Low-Income Housing Tax Credit (LIHTC) is a crucial source of funding for the production of affordable rental housing as well as the preservation/renovation of existing affordable housing.  Since its inception roughly 33 years ago, LIHTC has become the largest affordable housing production program in the country, funding the production or preservation of approximat...

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