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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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Massachusetts Preserved Over 3,400 Affordable Housing Units Last Year Despite the Challenges of the Pandemic

Massachusetts Preserved Over 3,400 Affordable Housing Units Last Year Despite the Challenges of the Pandemic CEDAC announced today that Massachusetts preserved the long-term affordability of more than 3,400 existing units of rental housing during 2020. Our data show that 22 project developments with a total of 3,443 affordable apartments across the state were preserved ...

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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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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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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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