Community Economic Development Assistance Corporation (CEDAC)

Community Economic Development Assistance Corporation (CEDAC) was pleased to join Boston Mayor Michelle Wu, The Community Builders, Inc. and many others at the grand opening of 3368 Washington St. in Jamaica Plain. This 202-unit building - 'The Lyndia' - is now the largest permanent supportive housing development in New England. Named in honor of Pine Street Inn Executive Director Lyndia Downie, it includes 62 affordable apartment units for families and 140 studio apartments for formerly unhoused people referred by Pine Street Inn. Applications for the supportive housing units, which provide access to on-site social services, are processed by the Boston Housing Authority. The Lyndia is one of several permanent supportive housing developments that The Community Builders, Inc. is working on in collaboration with Pine Street Inn. #supportivehousing #CEDAC #affordablehousing City of Boston #jamaicaplain

We're excited to announce the release of our 2024 Annual Report. The report details our collaborations with public and private partners and funders in which we provided $44.5 million in funding to projects that would create or preserve over 2300 units of affordable housing across the Commonwealth. We hope you enjoy learning more about our organization’s ongoing work: cedac.org/2024

The Children’s Investment Fund team was proud to take part in the official opening of the NorthStar Learning Center in New Bedford – a new Early Learning Academy that will serve 135 children and families in the local community. NorthStar received a $500,000 EEOST Capital Fund grant in 2024 to support the development of the project.?

https://lnkd.in/e4wQzNfq Meet the Wohlleib family, who used HMLP to make life-changing home modifications. Their story showcases how accessibility improvements can enhance independence and quality of life. Watch now and see how HMLP can help you too! #HMLPTestimonial #AccessibilityMatters

Our #CEDAC blog, Insites, currently features an overview of the early-stage project funding we helped deliver in Q2 of fiscal year 2025. The Community Economic Development Assistance Corporation (CEDAC) provided $1.7 million in pre-development and acquisition funding that will create or help preserve affordable housing in communities across Massachusetts. This includes the innovative Econo Lodge Redevelopment in Hadley - spearheaded by the Valley Community Development Corporation (Valley CDC). Valley CDC plans to convert the Econo Lodge Motel into 50 units of permanent supportive housing (PSH). This is one of several hotel conversion projects that CEDAC is currently assisting, with the plan to create more PSH units for homeless individuals. Learn more about this and other projects that were funded here:

Our #CEDAC blog, Insites, currently features an overview of the early-stage project funding we helped deliver in Q2 of fiscal year 2025. The Community Economic Development Assistance Corporation (CEDAC) provided $1.7 million in pre-development and acquisition funding that will create or help preserve affordable housing in communities across Massachusetts. This includes the innovative Econo Lodge Redevelopment in Hadley - spearheaded by the Valley Community Development Corporation (Valley CDC). Valley CDC plans to convert the Econo Lodge Motel into 50 units of permanent supportive housing (PSH). This is one of several hotel conversion projects that CEDAC is currently assisting, with the plan to create more PSH units for homeless individuals. Learn more about this and other projects that were funded here:

CEDAC joined Executive Office of Housing and Livable Communities Secretary Augustus and Newton Mayor Ruthanne Fuller to mark the official opening of FamilyAid’s Family Navigation Center in West Newton, which converted a former nursing home into 42 units of emergency shelter.?? ? CEDAC was proud to support FamilyAid and this important project with a $300,000 predevelopment loan and $5 million in HIF funding. ? We also congratulate the Planning Office for Urban Affairs (POUA) for their incredible work as FamilyAid's development consultant on this endeavor.

CEDAC was proud to be in attendance last week as Governor Healey launched Massachusetts’ first comprehensive statewide housing plan, “A Home for Everyone”, that will help to boost housing production, meet the unique needs of communities and lower costs for individuals and families across the Commonwealth.? ? We look forward to working with the Executive Office of Housing and Livable Communities to help implement this incredibly important work. https://lnkd.in/dVAP_64e

CEDAC was proud to work with the City of Boston and Massachusetts Housing Investment Corporation (MHIC) around this effort and provide acquisition funding in support of Victory Programs’ purchase of the enVision Hotel, which will allow the City to continue shelter operations at a sustainable cost while planning a transition of the property to permanent supportive housing over the next several years. Learn more about this project here:?https://lnkd.in/ebPecifH

The Home Modification Loan Program (HMLP), a Massachusetts state-funded loan program first enacted by the Massachusetts Legislature in 1999, assists homeowners and small landlords to finance necessary home accessibility improvements. Learn more about how?Accessory Dwelling Units (ADUs) and funding from??HMLP can?be a viable strategy to providing household members with a supportive housing option that is in close proximity to their families.?Read the blog to learn more. https://lnkd.in/dHfc98UX