CEDAC serves as a vital financial and technical assistance resource to nonprofit organizations engaged in effective community development.
In 1978, the Commonwealth of Massachusetts created CEDAC to serve as a vital resource for organizations engaged in community development. Community Economic Development Assistance Corporation (CEDAC) is a public-private, community development finance institution, that provides technical assistance, pre-development lending, and consulting services to non-profit organizations involved in housing development, workforce development, neighborhood economic development, and capital improvements to child care facilities. These organizations may include community or neighborhood development corporation, non-profit developers, and tenants' associations.
CEDAC has worked with its partner agencies at the state level - the Department of Housing and Community Development, MassHousing, the Massachusetts Housing Partnership, and MassDevelopment - to focus resources in support of the non-profit development agenda as an important element of Massachusetts' system for production of affordable housing. CEDAC is also active in national housing preservation policy research and development and is widely recognized as a leader in the non-profit community development industry.
CEDAC provides financial resources and technical experience for community-based and other non-profit organizations building thriving communities. Our work supports three key building blocks of community development:
Affordable Housing (CEDAC)
Workforce Development (CWC)
Early Care and Education (CIF)
For more information on the Children's Investment Fund (CIF), please visit its website here.
For more information on the Commonwealth Workforce Coalition (CWC), please visit its website here.
For more information on any aspect of CEDAC's operations please use the above menu or email email@example.com
CEDAC is Aeris™ (CDFI Assessment Rating System) Rated
In 2014, CARS™ completed a full assessment of CEDAC'S financial performance. Aeris™ is the only comprehensive, third-party assessment of a community development lender's impact performance and financial strength and performance. More information about Aeris™ is available Here.