It’s no surprise that as the weather turns warmer and sunnier, we get a chance to join our non-profit community development partners to celebrate milestone events in the project development process.  But it is always gratifying to attend groundbreaking and ribbon-cutting ceremonies and see these affordable housing, supportive housing, and child care projects go from ide...

I would like to offer my congratulations to our current chair of CEDAC’s board of directors, Chrystal Kornegay, on the recent announcement of her appointment as the new executive director at MassHousing. Chrystal has served with distinction for the past three years in the Baker-Polito administration as the Undersecretary of Housing and director of the Department of Housi...

By profiling the work of a CEDAC borrower, we can see not only the evolution of the organization, but the evolution of the non-profit affordable housing sector in Massachusetts. Casa Esperanza is a great example that allows us to trace an inspiring chapter in the history of supportive housing for individuals and families impacted by addiction. Casa Esperanza was founded...

Congress has approved the tax reform bill and it is anticipated that it will be signed into law by the end of the week, finishing a month of nail biting uncertainty regarding a number of fiscal issues, including several important affordable housing programs. The production and preservation of affordable housing is part of the country’s social safety net for low-income an...

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...

Massachusetts is recognized nationwide for our leadership and innovation in affordable housing and community development. We have built a strong infrastructure for financing, developing and preserving affordable housing – CEDAC plays an important institutional role in making sure that community based developers have the early stage financing they need to make their proje...

On October 5th, Massachusetts’ Department of Housing and Community Development (DHCD) accepted pre-applications for its Supportive Housing for Vulnerable Populations Round, in which the Commonwealth will allocate capital, operating and supportive services resources through the National Housing Trust Fund (HTF); state capital subsidy funds; and the Massachusetts Rental Vo...

Over the past four decades, CEDAC and the Massachusetts CDC movement have literally grown up together. We even share a piece of legislation: Chapter 40H contains both CEDAC’s enabling language, and the definition of a Community Development Corporation. As we look ahead to our 40th anniversary, we’ve taken note that in the past few years, we’ve spent many an evening a...