Like so many around Boston and across Massachusetts, CEDAC was thrilled when Marty Walsh, Boston’s Mayor from 2014-2021, was selected by President Joe Biden and Vice President Kamala Harris to become the U.S. Secretary of Labor, and we congratulate him on his new role.  He brings an unquestioned commitment to helping working families and individuals to the role, which w...

On March 2nd, Secretary of Housing and Economic Development Mike Kennealy joined Undersecretary of Housing and Community Development (and CEDAC Board Chair) Jennifer Maddox and community development sector leaders to celebrate the 12 projects that received a combined total of $46 million in capital subsidies as well as $125 million in equity from the sale of federal and st...

Housing for Older Adults, Homeless Individuals Secured State Funding Awards in Last Fiscal Year CEDAC recently calculated how many supportive housing – service-enriched housing – units were funded in Fiscal Year 2020. According to our data, DHCD awarded capital funding and other resources to developers that will lead to the construction of 476 new units throughout t...

In October, the Baker-Polito Administration announced the 2020 Affordable Rental Housing Awards. The Massachusetts Department of Housing and Community Development (DHCD) will provide more than $105.7 million in direct funding and $53 million in state and federal tax credits for the production or preservation of more than 2,400 housing units, including 2,166 affordable rent...

In July of this year, we celebrated the thirtieth anniversary of the passage of the Americans with Disabilities Act (ADA), the first comprehensive civil rights law for people living with disabilities. Thanks to the ADA, we’ve come to rely on a wide variety of design and technology innovations that open our public spaces and our housing to residents with mobility, sens...

CEDAC announced today that Massachusetts preserved more than 2,600 units of affordable rental housing during 2019. Our data show that 3,032 total units in 25 project developments across the state were preserved using various types of state financing in 2019. From the total, 2,689 units are affordable and the remaining units are market rate.  The projects span the state an...

Along with our partners Retirement Housing Foundation (RHF) and The Schochet Companies, we recently announced that CEDAC had committed more than $8.4 million in acquisition financing for the preservation of affordable housing in Attleboro.  This funding commitment was made to RHF and The Schochet Companies to acquire Hillcrest Acres in Attleboro. The transaction was r...

Rehabilitating multifamily affordable housing projects is an important yet complicated part of preserving affordable housing in many locales. Though this process becomes all the more challenging during a pandemic, there are many reasons that the affordable real estate development process has moved forward in Massachusetts and beyond despite these circumstances. Whether exi...

Over the past eight years, the Massachusetts Department of Housing and Community Development (DHCD) has crafted an innovative approach to financing the production of permanent supportive housing. Each year, DHCD holds a dedicated funding competition, the Supportive Housing for Vulnerable Populations round, to distribute capital funds as well as special project-based operat...

Massachusetts truly is fortunate that elected leaders consistently demonstrate their support for building affordable housing.  We received yet more evidence of this bicameral and bipartisan support on February 4th, when Governor Charlie Baker and Lt. Governor Karyn Polito announced $44 million in new funding awards for affordable housing projects across the Commonwealth. ...