Today, CEDAC released our FY23 Annual Report, highlighting our most exciting and impactful projects of the past year that were completed alongside our non-profit community development partners in our ongoing efforts to create greater access to high quality affordable housing and child care across Massachusetts. In 2023, the Commonwealth achieved historic milestones in t...
Announcing CEDAC’s 2022 Annual Report
CEDAC is thrilled to share our FY22 Annual Report, detailing recent projects and initiatives completed alongside our nonprofit community development partners in our ongoing efforts to create greater access to high quality affordable housing and child care across Massachusetts. In 2022, with the world beginning to once again look to the future after weathering the global...
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...
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...
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...
CEDAC Research Shows Far Fewer LIHTC Units Are at Risk of Losing Affordability than Predicted
Today, CEDAC released a new research study that shows far fewer units in the Commonwealth financed through the Low Income Housing Tax Credit (LIHTC) program are at risk of losing their affordability status than predicted. That’s good news for thousands of families across the Commonwealth. The study looked at 228 LIHTC-financed projects - 15,679 units – that went i...
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. ...