Today, we hear from Mike Lindstrom – Principal of studioMLA Architects and Children’s Investment Fund (CIF) Board Chair – and Bree Horwitz, CIF Senior Project Manager, as they highlight the Horizons for Homeless Children’s new Edgerley Family Horizons Center in Boston’s Roxbury neighborhood. Mike explains how studioMLA approached the design of this child care fac...

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...

Accessory Dwelling Units (ADUs) are an increasingly popular way for homeowners and communities to respond to the affordable housing crisis by increasing the supply of housing.  ADUs can also be used to address the accessibility needs for families. They provide an option for multiple generations of a family to live in closer proximity to one another while maintaining their...

President Biden’s American Jobs Plan is controversial in some quarters because it directs public capital into “non-traditional” forms of infrastructure. People commonly associate infrastructure with vast public works construction projects like highways and water treatment facilities that benefit society broadly; not just the truckers who use the roads or swimmers...

Today, CEDAC announced that we approved over $11.5 million in early stage project financing to 16 non-profit community development organizations across Massachusetts in the second quarter of 2021. This lending supports affordable housing developments in cities and towns across the Commonwealth from Boston and Worcester to Northampton. This strong lending performance in...

The Baker-Polito Administration, along with CEDAC’s affiliate Children’s Investment Fund (CIF), has announced $7.5 million in Early Education and Out of School Time Capital Fund (EEOST) capital improvement grants. Lt. Governor Polito joined Massachusetts Department of Early Education and Care (EEC) Commissioner Samantha Aigner-Treworgy at East Boston Social Centers to ...

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...

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 ...