
GOALs
REPORT
2024
on CDC Achievements in
Growing Opportunities,
Assets, and Leaders
Introduction
In the final words of his iconic Gettysburg Address, Abraham Lincoln spoke hopefully about a government “of the people, by the people, for the people.” CDCs would not come into existence for another 100 years, yet it’s hard to think of a more apt phrase to describe them. CDCs engage constituencies of the communities they serve, are governed by local residents, and partake in community development for the benefit of these residents and communities.
Lincoln’s words take on additional significance when juxtaposed with the realities of our current national government, where none of these prepositions ring true. For too many of our neighbors, hope has been replaced by fear, by scarcity, by suffering. Furthermore, CDCs dedicated to serving their communities are facing headwinds, a portent of an approaching storm.
We already see the impact of these headwinds. Rising costs negatively impact affordable housing developers and small business owners. Demand far outpaces supply across the board: for low-income households on a wait list for rental assistance, for affordable housing in line for development subsidies, for first-time and first-generation homebuyers seeking a dwindling supply of affordable homes. With cuts in federal programs along with an uncertain picture for state revenues, programs that sustain families and communities are increasingly at risk- a perfect storm of greater human needs and fewer resources to meet these needs.
The GOALs Report highlights the impact of a dozen CDCs who are overcoming the headwinds to accomplish extraordinary things, including the following:
Allston Brighton CDC conducted a deep energy retrofit on an older apartment building, making it 100% fossil-free and reducing energy use by more than fifty percent. NewVue Communities is renovating three historic former municipal buildings in Fitchburg into artist-preference apartments. Just a Start in Cambridge opened an Economic Mobility Hub, with affordable housing, childcare space, and space for the CDC which will allow them to ramp up their career training programs. Nectar Community Investments provided essential financing for the opening of a new supermarket in New Bedford.
We will need every ounce of our collective resourcefulness, creativity, persistence, and power- if we are to meet the demands of our time- and meet the urgent needs of individuals and communities who are, and will, most bear the brunt of the gathering storm. MACDC stands ready to work with our member organizations, with our allies and coalition partners, and with the state and federal government. We also want to serve as a connector. If you want to connect with any of the CDCs highlighted in this report- in fact with any CDC- reach out to MACDC, and we will help connect you. In our current challenging times, solidarity requires nothing less than all of the above- and more!
Despite the challenges, CDCs accomplished great things in calendar year 2024:
Engaged 1,583 community leaders
Created or preserved 1,095 homes
Created or preserved 4,563 job opportunities
Provided technical and financial assistance to 2,005 entrepreneurs
Assisted 82,689 families with housing, jobs, or other services
Invested $1.36 billion in local communities

1,095 HOMES Created or Preserved
Created, rehabilitated, or preserved
685
HOMES
Provided home improvement loans or lead abatement services for
372
HOMES
Provided development consulting or construction management services, or acted as a court-ordered receiver for
38
HOMES
Way Finders
In October 2024, Way Finders held a groundbreaking event for their City of Homes initiative. The initiative aims to convert vacant, distressed properties into fully rehabilitated and affordable homes for first-time homebuyers through an innovative approach to receivership. In this approach, the court overseeing the receivership would approve the nonprofit- Way Finders- taking ownership of the property in as-is condition to ensure the property is not auctioned off to the highest bidder. With support from MassMutual Foundation, MassHousing, Baystate Health, and the City of Springfield, this initiative contributes to housing stability and provides low- and moderate-income families, especially households of color, the opportunity to build generational wealth.
Allston and Brighton CDC
Allston-Brighton CDC completed a deep-energy retrofit at its Carol Avenue Apartments in November of 2024, reducing energy usage at the property by 54%. The 33-unit complex was built in the early 20th century and had run on fossil fuels for the past century. The property has now been decarbonized and is outfitted with a new roof and windows, as well as all electric heating, cooling, and domestic hot water, among other improvements. These retrofits will reduce carbon emissions and operating expenses of the property over time (thanks to rooftop solar panels!) and ultimately ensure that residents will live in a healthy and comfortable environment.
4,563 JOB OPPORTUNITIES
Created or Preserved
Helped
1,034
PEOPLE
obtain jobs by strengthening their skills and connection to employers
Created
1,242
JOBS
for local workers in real estate construction projects and for people working for commercial tenants in these projects
Created or preserved
2,287
JOBS
through technical and financial assistance to businesses
Just A Start
Just A Start opened its Economic Mobility Hub at Rindge Commons in 2024. The six-story mixed-use building includes 24 affordable apartments, a universal pre-kindergarten program, commercial space, and the CDC’s new headquarters. This state-of-the-art facility strengthens Just A Start's ability to meet both community and workforce needs by doubling enrollment in the Adult Career Training Program and launching the YouthBuild Solar Pilot Program. Serving more than 3,000 people each year through a variety of comprehensive support services, the Hub marks a major step forward in expanding economic opportunities for low- and moderate-income families in Cambridge. Key partners include MassHousing and the Low Income Investment Fund.
Community Teamwork, Inc.
Community Teamwork, Inc.’s YouthBuild program helps young adults reconnect with education, build vocational skills, and develop as leaders. Through the program, youth gain training in Construction or Culinary Arts, work on community service projects-like building affordable homes, and advocate for change in their communities. In 2024, 51 unemployed youth obtained employment, 33 passed their High School Equivalency Test, and 40 received credentials in Construction or Culinary Arts. Last October the program received $1.5 million in federal funding, and its many partners include Lowell Habitat for Humanity, Lowell Alliance, and the City of Lowell Department of Public Works.

2,005 ENTREPRENEURS Provided Technical or Financial Assistance
Provided training, technical assistance, or lending to
3,447
ENTREPRENEURS
Helped local entrepreneurs obtain more than
$23.9 M
IN LOANS AND GRANTS
Franklin County CDC
Olivia “Oli” Baronas is a graduate of Franklin County CDC’s Fall 2024 Entrepreneurship Accelerator Cohort, and her business is thriving. In the cohort, participants learn all about the basics of business ownership, from bookkeeping to marketing, and gain useful knowledge from instructors, guest experts, and each other. Oli took the course as she was opening her yoga studio, Eternal Life Yoga & Wellness, and found that she gained a lot of “knowledge, resources, and feedback.” She continues to collaborate with the experts, creatives, and entrepreneurs she met through the program.
Community Development Partnership
Sean Connors is a fisherman in Chatham who owns a small business called D/V Treader. Sean was able to open his business due in large part to support from Community Development Partnership’s comprehensive Business and Credit Programs. In 2024, CDP helped Sean create a business plan and secure a loan, which enabled Sean to stay on the Cape, where he hopes to buy a home and raise a family.
82,689 FAMILIES Assisted with Housing, Jobs or Other Services
Provided jobs or other economic opportunities to
20,816
FAMILIES
Assisted
53,276
FAMILIES
with housing or housing-related services
Provided services to
8,597
ELDERS AND YOUTH
28 CDCs helped
30,366
RENTERS AND HOMEOWNERS
at risk of displacement access emergency cash assistance
Inquilinos Boricuas En Acción (IBA)
Inquilinos Boricuas En Acción (IBA) launched their Moonshot Home Buyers program in July of 2024, aimed at increasing homeownership opportunities among their Villa Victoria affordable housing residents. The program provides participants with personalized assistance in organizing their finances, setting goals, building good credit, and managing debt, in addition to providing up to $100,000 in down payment assistance. Key collaborators include Urban Edge, Massachusetts Affordable Housing Alliance, and the City of Boston. By reducing barriers that Latinx and BIPOC communities face in becoming homeowners, the program will help families access socioeconomic mobility and build generational wealth.
MetroWest Collaborative Development
In 2024, MetroWest Collaborative Development addressed housing instability for low-income residents, particularly among communities of color. Supported by a $1.9 million grant over four years from Newton-Wellesley Hospital that went to both MetroWest CD and WATCH CDC, MetroWest CD served 94 households. They offered one-on-one housing search sessions, job and financial planning counseling, and financial assistance. As a result of these efforts, community members and families across five towns benefited from greater housing stability.

1,583 COMMUNITY LEADERS Engaged
756
BOARD MEMBERS
827
NON-BOARD AND COMMUNITY LEADERS
8,271
OTHER VOLUNTEERS
Revitalize CDC
Over 700 volunteers came together to rebuild 12 homes in Springfield belonging to veterans, seniors, and families. In April of 2024, Revitalize CDC held their 32nd annual GreenNFit Neighborhood Rebuild. Not only does the event enable low-income residents to remain in their homes by providing home repairs, but it also helps to bring together the community by providing an opportunity for volunteers and businesses to make a positive impact.
Madison Park Development Corporation
In 2024, Madison Park Development Corporation had 22 participants in the Resident Training Collaborative (RTC) offered through the Mel King Institute. The RTC aims to enhance resident power and includes tailored training on a variety of topics. MPDC's training sought to increase social connectivity, decrease social isolation, build housing leadership, and promote diversity, equity, and inclusion, among other goals. According to Leslie Stafford, Health Equity and Wellness Manager at Madison Park Development Corporation, the training provided a “shared platform to understand the barriers and challenges of housing and what we can do about them.”
$1.36 BILLION INVESTED
in Local Communities
$744.7 Million
INVESTED
in completed real estate projects and in other housing assistance
$616.5 Million
INVESTED
In programs, services, and economic opportunities
Nectar Community Investments
Nectar Community Investments, together with the Boston Foundation and Local Enterprise Assistance Fund, provided $900,000 to fund the construction and opening of a new Vicente’s supermarket branch in New Bedford. Located in a low- to moderate-income neighborhood next to a food desert, the store will play an important role in increasing access to healthy food. The project created 30 construction jobs and 51 permanent jobs for the community, and it provides a place for residents to buy fresh, affordable, and culturally relevant food.
NewVue Communities
In 2024, NewVue Communities substantially completed construction of the Fitchburg Arts Community, which includes 68 mixed-income, artist-preference apartments through the redevelopment of three former historic municipal buildings, including two schools. The project utilized federal American Rescue Plan Act funding, among other sources, and includes creative work and gallery space for artists. Partnering closely with the Fitchburg Art Museum, which is located across the street, NewVue Communities is addressing the need for affordable housing while strengthening artist cohesion and investing in Fitchburg’s efforts to become an arts and culture destination.
We extend our heartfelt gratitude to Homeowners Rehab, Island Housing Trust, Just A Start, NeighborWorks Housing Solutions, Somerville Community Corporation, South Eastern Economic Development (SEED) Corp., Valley Community Development, Worcester Common Ground, Inc. for generously allowing us to share photos of their accomplishments.
Appendix on 2023 Activities
Summary
Tables 2023
Real Estate Development Housing Completed Projects in 2023
Real Estate Development Mixed-Use All Projects in 2023
Real Estate Development Mixed-Use Completed Projects in 2023
Real Estate Development Open Space All Projects in 2023
Real Estate Development Open Space Completed Projects in 2023