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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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2018 Data Demonstrates Effective State and City Efforts on Affordable Housing Preservation

Massachusetts preserved the long-term affordability of more than 3,750 units in 25 multifamily rental developments during 2018, according to data released by the Community Economic Development Assistance Corporation (CEDAC).   This strong housing preservation performance in 2018 demonstrates the continued impact of the commitment of the Baker-Polito Administration to hou...

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Celebrating Milestone Work Anniversaries at CEDAC

As CEDAC celebrates its 40th anniversary this year, we are excited to also celebrate several milestone work anniversaries of our dedicated, hardworking team. Today, we hear from two CEDAC staff members: Bill Brauner, Director of Housing Preservation & Policy, and Carolyn Williams, Finance & HR Manager, as they each reflect on their 15 years contributing to CEDAC's ...

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Massachusetts Is Successfully Tackling the “Expiring Use” Housing Problem

March 1st marked an important and somber date in affordable housing preservation – it was the day in which over 1,300 affordable housing units in 15 developments built in the 1970s hit their mortgage expiration date.  This “expiring use” problem stems from the financing of two of the biggest rental development programs in that era – the state 13A program and the f...

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CEDAC: A LEADER IN AFFORDABLE HOUSING PRESERVATION

Today’s guest blog is from Vince O’Donnell, who was CEDAC’s Director of Development from 1986 to 2001. During that time, he played a major role in CEDAC’s emergence as a significant driver of the affordable housing preservation mission in Massachusetts. For over 45 years, he has worked with nonprofits, resident organizations and governmental agencies in his afforda...

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