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Massachusetts Is Successfully Tackling the “Expiring Use” Housing Problem

March 1st marked an important and somber date in affordable housing preservation – it was the day in which over 1,300 affordable housing units in 15 developments built in the 1970s hit their mortgage expiration date.  This “expiring use” problem stems from the financing of two of the biggest rental development programs in that era – the state 13A program and the f...

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Wishing You a Happy New Year

Reflecting on the last twelve months, the housing and community development sector in Massachusetts has accomplished much in our efforts to build strong communities. We are proud of both CEDAC’s contributions and the work of our non-profit community partners. These partners are the backbone of the Commonwealth’s robust community development sector and its achievemen...

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CEDAC: A LEADER IN AFFORDABLE HOUSING PRESERVATION

Today’s guest blog is from Vince O’Donnell, who was CEDAC’s Director of Development from 1986 to 2001. During that time, he played a major role in CEDAC’s emergence as a significant driver of the affordable housing preservation mission in Massachusetts. For over 45 years, he has worked with nonprofits, resident organizations and governmental agencies in his afforda...

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