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CEDAC Approves Early-Stage Financing for 12 Affordable Housing Developments

  This quarter, CEDAC approved early-stage financing for twelve affordable housing developments in Massachusetts during its April, May, and June Board meetings. These investments will help nonprofit developers cover critical predevelopment costs, including site acquisition, design, engineering, environmental studies, and permitting, allowing projects to move closer...

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Expanding Access to Child Care Through Affordable Housing Development

Northstar_CIF_PMcWhorter

Many parts of Massachusetts are an “access desert” when it comes to licensed child care, according to the Department of Early Education and Care. That access desert affects 70% of infants and 43% of toddlers in the Commonwealth. Affording child care is also a challenge—more than 30,000 children are currently on the waitlist for child care financial assistance. Massac...

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