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...

This spring, as Massachusetts mandated all child care programs and schools to close, the already-fragile child care sector was pushed further into crisis. A powerful video compilation from the U.S. Chamber of Commerce Foundation features testimonies from child care providers across the nation who share what this has meant for them as they continue to serve children during ...

This week, Children’s Investment Fund, Community Economic Development Assistance Corporation (CEDAC), and the Massachusetts Department of Early Education and Care (EEC) announced that seven non-profit providers of early childhood education and out-of-school time organizations received $6.5 million from the Early Education and Out of School Time (EEOST) Capital Fund for F...

This week the Children’s Investment Fund (CIF), an affiliate of the Community Economic Development Assistance Corporation (CEDAC), and the Massachusetts Department of Early Education and Care (EEC) announced changes to the funding available through the Early Education and Out of School Time (EEOST) Capital Fund. The three organizations announced that in FY21, the EEOS...

As a public private community development financial institution, CEDAC’s technical assistance focuses on understanding the interplay between project development and public policy.  CEDAC’s staff includes experienced practitioners in the areas of affordable housing production and preservation, and community facility development serving the early education sector.  We ...

This week, the Massachusetts Department of Early Education and Care (EEC) offers thanks to two state officials who have been extremely important to the creation and successful implementation of the Early Education and Out of School Time (EEOST) Capital Fund: Commissioner Tom Weber and Deputy Commissioner for Administration/Chief Financial Officer Bill Concannon. Bot...

CEDAC staff attended an event on May 7th at the Worcester YWCA, where Lt. Governor Karyn Polito announced that the Baker-Polito Administration is awarding funding for the production and preservation of 147 new units of supportive housing in communities across Massachusetts. Lt. Governor Polito was joined by State Senators Harriette Chandler and Michael O. Moore, City Manag...

“Teamwork makes the dream work.” Mel King, legendary community activist and former state representative, invoked this phrase as he concluded his remarks at our 40th anniversary celebration on March 14th.  And Mel did not just speak these words, but rather inspired the audience to chant them together with him.  This phrase sums up his philosophy on community develo...

CEDAC is proud to celebrate 40 years of strengthening communities across the Commonwealth. We are thrilled to announce that we will honor former State Representative Mel King as we commemorate this anniversary this month. As a Massachusetts State Representative, Mel King sponsored legislation in 1978 which created CEDAC with a mission to support community-based developme...

At INSITES this week, we share the great news that Children's Investment Fund, an affiliate of CEDAC, has received $300,000 from the U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund). This award will allow us to continue financing capital improvements for early education facilities and strengthening the child care sector. R...