JPNDC receives funds for projects

February 15, 2013
By

The Community Economic Development Assistance Corporation (CEDAC) announced Jan. 17 the commitment of almost $1 million to build three affordable housing developments, including two projects by the Jamaica Plain Neighborhood Development Corporation (JPNDC), according to a press release.

CEDAC, a private-public community development finance institution, will loan $450,550 to JPNDC, a nonprofit community development corporation, for two projects: 461 Walnut Ave., a care and housing facility for the homeless, and 75 Amory Ave., an affordable housing building.

The 37-unit 75 Amory Ave. building will h

ouse six families who are transitioning out of homelessness and three households will include a person with a disability.

“It is inspiring to see an organization like JPNDC truly making a difference in its neighborhood, and we are delighted to be a part of their important mission,” said CEDAC Executive Director Roger Herzog, according to the press release.

Best of JP 2014