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...

A Decade of the Massachusetts Affordable Housing Preservation Law, Chapter 40T In November, CEDAC released a new analysis of Massachusetts’ successful affordable housing preservation law, Chapter 40T, which was passed and signed into law in 2009.  “Chapter 40T at 10,” available on our website, was authored by CEDAC’s Director of Housing Preservation and Policy ...

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...

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...

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...