Winter 2018/2019 Newsletter Executive Message

From the Desk of the Executive Director

Dear Friends,

Happy New Year! We’re hopeful that 2019 will be as productive a year in community development as 2018 was. So as we head into this new year, we thought we’d take a few minutes to celebrate the achievements of the last quarter of 2018.

Fall 2018 was an exciting one for the Children’s Investment Fund (CIF).  After becoming certified as a Community Development Financial Institution (CDFI) by the U.S. Department of the Treasury’s CDFI Fund, we were pleased to announce we had received a $300,000 award from them to support high-quality child care facilities.  We also had the opportunity to visit with former CIF directors Dan Violi , Viki Bok and Mav Pardee to hear about their experiences with the Fund and what’s in store for the future of child care facility financing.

In addition to the usual schedule of ribbon cutting and ground breaking ceremonies – and opportunities to offer early stage financing to worthwhile affordable housing projects around the state – we at CEDAC also wanted to highlight some important accomplishments.  Over the last several years, we have committed financing to a number of supportive housing projects serving veterans, so we were pleased to highlight the ribbon-cutting for FatherBill’s & MainSpring’s Montello Welcome Home development in Brockton. And as the year closed, we had the chance to feature the importance of one of the programs in the Housing Bond Bill, the Facilities Consolidation Fund, which – after 25 years – has helped to create thousands of supportive housing units for people with disabilities.

We’re looking forward to 2019 and all that we will achieve together in the upcoming year. As always, if you have any questions or comments, please feel free to give us a call at 617-727-5944.

Sincerely,

Roger Herzog
Executive Director