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...

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, ...

The Low-Income Housing Tax Credit (LIHTC) is a crucial source of funding for the production of affordable rental housing as well as the preservation/renovation of existing affordable housing.  Since its inception roughly 33 years ago, LIHTC has become the largest affordable housing production program in the country, funding the production or preservation of approximat...

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...

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...