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Announcing CEDAC’s 2023 Annual Report

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...

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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...

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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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Roadway Apartments: Struggling Hotel Becomes Housing for People Experiencing Homelessness

Today, we highlight Father Bill's & MainSpring's (FBMS) innovative Roadway Apartments project, which has transformed an underused hotel in Brockton into 69 units of permanent supportive housing for people experiencing homelessness. What began as an emergency measure to protect FBMS emergency shelter guests' health is now an adaptive reuse success story that can serve a...

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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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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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