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...

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�...

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...

CEDAC is proud to report that we have committed $13,144,010 in early stage financing for the production and preservation of affordable housing in 32 projects during the first half of FY22. Despite the challenges of the pandemic, we continue to see strong demand for affordable housing projects in communities from Springfield to Topsfield to Winchendon. We look forward to su...

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...

As part of our series profiling retiring leaders of organizations throughout Western Massachusetts, please take a moment to learn a little about Peter Gagliardi of Way Finders. We are grateful for his years of service and the impact he has made on community development in Massachusetts and so many individuals in need. How long were you an Executive Director at Way Fi...

As the third installment of our series profiling retiring leaders of organizations throughout Central and Western Massachusetts, please take a moment to learn a little about Dominick Marcigliano, who served as Executive Director of Worcester Community Housing Resources from 2012-2020. We are grateful for his years of service and the impact he has made on the community d...

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 ...

As the first part of our series profiling retiring leaders of organizations throughout Central and Western Massachusetts, please take a moment to learn a little about Elton Ogden of Berkshire Housing Development Corporation (BHDC). We are grateful for his years of service and the impact he has made on the community development movement in Massachusetts and so many indiv...

For the second time in his tenure, Secretary of Housing and Economic Development Mike Kennealy spent several days this fall on a tour of many affordable housing projects in various stages of development. The Department of Housing and Community Development (DHCD) staff planned the itinerary of the tour to all of the regions of the state, and Undersecretary Jennifer Maddox, ...