Today, CEDAC released a new research study that shows far fewer units in the Commonwealth financed through the Low Income Housing Tax Credit (LIHTC) program are at risk of losing their affordability status than predicted.  That’s good news for thousands of families across the Commonwealth. The study looked at 228 LIHTC-financed projects - 15,679 units – that went i...

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. ...

In a highly competitive process among state and local jurisdictions across the country, Massachusetts was selected in 2009 to participate in the Windows of Opportunity initiative launched by the John D. and Catherine T. MacArthur Foundation.  This MacArthur initiative intended to address the need for innovative solutions to preserve the long-term affordability of thousand...

On October 7, 2019, CEDAC offered a forum that explained how Section 202 owners can use RAD as a preservation tool for their Section 202 PRAC projects. Speakers included: Tom Davis, Director, Office of Recapitalization, US Department of Housing and Urban Development (HUD) Dan Rogers, Chief, Asset Management Division, Northeast Region, HUD Emily Cooper, Chief...

Two years ago, CEDAC launched the INSITES blog in anticipation of an important organizational milestone: our 40th anniversary.  We have enjoyed this opportunity to revisit our history and reflect on the events and the people who have led us to where we are today, and to highlight how community development in Massachusetts has evolved over four decades. This past spring...

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 ...

Last Wednesday, August 14th, a diverse group of stakeholders, including advocates, neighborhood residents, community developers, lenders, public officials, and partners at the city and state level, came together to celebrate an important achievement – the preservation of 97 units of affordable housing at Newcastle/Saranac Apartments in Boston’s Lower Roxbury neighborho...

Massachusetts Secretary of Housing and Economic Development Mike Kennealy has just completed a very special tour across the Commonwealth.  Over the course of eight days, he stopped in multiple communities to highlight 28 affordable housing projects in various stages of development across Massachusetts, and by doing so, he has demonstrated why the state remains a national ...

The highlight of the year for affordable housing production and preservation occurred on July 18th with the announcement of funding awards in the annual rental housing funding round to 28 affordable housing projects in Massachusetts. When Governor Baker signed the $1.8 billion Housing Bond bill last year – the largest the state has ever seen – it was clear that the Bak...

In partnership with the Massachusetts Housing Partnership (MHP) and Clark University, CEDAC launched a series of workshops with community development corporations (CDCs) in Worcester in order to develop a shared agenda for continued City and State investment in affordable housing projects. We recently completed the second year of these workshops, with topics derived from e...