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Trust IntegrityCommunication

TIC is on a mission to spread good economic news by highlighting the success of our clients.  This month we are proud to spotlight:

In 1978, the Commonwealth of Massachusetts created CEDAC to serve as a vital resource for organizations engaged in community economic development. CEDAC is a public 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 child care. These organizations may include community or neighborhood development corporations, other non-profit developers, and tenants' associations. CEDAC works with its partner agencies at the state level - the Department of Housing and Community Development, MassHousing, Massachusetts Housing Partnership Fund, 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's affiliate organization, the Children's Investment Fund, helps providers address their facility needs by offering technical assistance and pre-development funding, flexible loan financing, and access to capital grant financing. The Children's Investment Fund provides financing, training, technical assistance, and other support to non-profit child care agencies planning facilities’ projects.  The Fund has experience developing indoor and outdoor facilities for early care and education and out-of-school time programs serving low and moderate-income families in Massachusetts.  The Fund works to ensure that all children and youth have an opportunity to learn, play and grow in physical environments designed to support curiosity, exploration, safety, and healthy development.

For more information, please visit www.cedac.org , and www. cccif.org

Client Spotlight

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