CEDAC has underwritten and will assist seven supportive housing projects that received funding awards in the 11th annual Supportive Housing competitive round led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC), which will provide critical funding for projects across the Commonwealth…
BOSTON, MA (May 23, 2024) — The Community Economic Development Assistance Corporation (CEDAC) announced today that it has underwritten and will support seven (7) affordable housing projects that received funding awards in the 11th annual Supportive Housing competitive round led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). In addition, CEDAC has committed a total of $4,606,162 in early-stage financing to four of these projects, aimed at creating new rental housing units. In these four projects, 91 of the new units will be designated for low-income households, and of these units, 67 will be designated for extremely low-income individuals or households often transitioning from homelessness.
CEDAC Commits Over $4.6 Million in Early-Stage Financing for Affordable Housing Projects »
CEDAC recently celebrated the major contributions of outgoing Director of Housing Development & Preservation, Bill Brauner, as he departed the organization after a stellar 21-year tenure…
BOSTON (January 25, 2024) – The Community Economic Development Assistance Corporation (CEDAC) announced today that it has underwritten and will support twenty (20) affordable housing projects that received funding awards in the most recent competitive round of affordable housing led by the Massachusetts Executive Office of Housing and Livable Communities (EOHLC). In addition, CEDAC has committed a total of $18,632,685 in early-stage financing to 6 out of these projects, aimed at creating new rental housing units. In these six projects, 352 of the new units will be designated for low-income households, and of these units, 164 will be designated for extremely low-income individuals or households often transitioning from homelessness.
CEDAC recently celebrated the 15th anniversary and remarkable career of Lionel G. Romain – our outgoing Director of Housing for Central & Western Massachusetts – in the Grand Hall of Union Station in downtown Worcester with Lionel’s colleagues, friends and family.
After 15 years furthering CEDAC’s mission of building strong communities through affordable housing and community economic development…
BOSTON (October 24, 2023) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage financing commitments during the fiscal year 2023 will help create or preserve affordable housing in communities across the Commonwealth.
BOSTON (May 10, 2023) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage financing commitments during the third quarter of fiscal year 2023 will help create or preserve affordable housing in communities across the Commonwealth.
BOSTON (March 22, 2023) – The Community Economic Development Assistance Corporation (CEDAC) announced today that its early-stage financing commitments during the second quarter of fiscal year 2023 will help create or preserve affordable housing in 8 communities across the Commonwealth.
BOSTON (January 25, 2023) – As the nation’s housing crisis escalates, affordable solutions feel scarce, especially in high-cost areas like Metro-Boston. Increasingly, attention is turning to income-restricted housing cooperatives as a permanent solution that offers stability for communities and an accessible path to homeownership for low-to-middle income residents. A new report sponsored by the Mayor’s Office of Housing and Community Economic Development Assistance Corporation (CEDAC) and produced by the Cooperative Development Institute was just released. The report highlights the CEDAC and the City of Boston’s historic and current efforts to promote cooperatives as an effective and permanent solution for the ongoing housing crisis.
BOSTON (January 13, 2023) – CEDAC announced today that the Commonwealth of Massachusetts’ Home Modification Loan Program (HMLP) has reconfigured its “Western Massachusetts” area into four sub-regions in an effort to better reach and serve homeowners in these communities. HMLP is a state-funded loan program that provides no-interest loans to those in need of accessibility improvements to their homes.
Featured image: An array of HMLP borrowers and their featured home modification projects.
HMLP Improves Regional Support in Western MA »
HMLP Improves Regional Support in Western MA
