What Children's Investment Fund does

Children's Investment Fund is a specialized capital fund program operated by CEDAC (Community Economic Development Assistance Corporation), a Massachusetts-based nonprofit community development financial institution founded in 1977. CIF provides below-market financing and technical assistance to non-profit, community-based child care providers seeking to expand, renovate, or upgrade early care and education facilities, with documented deployments including predevelopment loans, facility financing grants, and co-location feasibility assessments. The fund jointly administers the Early Education and Out of School Time (EEOST) Capital Fund — the first child care capital fund established through community development legislation — in partnership with the Massachusetts Department of Early Education and Care.

CIF's products and services consist of capital deployment instruments (predevelopment loans, predevelopment grants, and the newly launched Child Care Needs and Design Assessment loan product) plus structured technical assistance through CEDAC staff supporting project feasibility, design, and development. Capital flows through state bond programs reauthorized under the Affordable Homes Act, federal ARPA-SH supportive housing funding, federal CDFI Fund awards, and targeted philanthropic contributions (e.g., Boston Children's Hospital). The underlying technology is conventional community development finance — underwriting, loan servicing, and project technical assistance — with no proprietary platform or software product disclosed.

The business model is a non-profit, public-private capital deployment structure rather than a commercial revenue model. CIF does not sell products at market prices; instead, it administers state and philanthropic capital on behalf of Massachusetts agencies and partners, retaining modest administrative overhead against grant and program service revenue. The end customer base is non-profit community-based child care providers (e.g., Community Action Inc. of Haverhill, Youth in Motion of Revere), while the principal funder counterparties are the Massachusetts Department of Early Education and Care, the Executive Office of Housing and Livable Communities, and institutional contributors such as Boston Children's Hospital. Distribution is regional (Massachusetts-only) and partnership-driven, with no traditional sales or marketing motion.

Name

Children's Investment Fund

Legal name

Community Economic Development Assistance Corporation

Website

https://cedac.org

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

11–50 employees

Short description

Children's Investment Fund is a non-profit capital program under CEDAC that provides below-market financing and technical assistance to non-profit, community-based child care providers in Massachusetts, administering the EEOST Capital Fund — the first child care capital fund established through state community development legislation.

Ownership category

akta.pro rank

Product category

Nonprofit Community Development Finance

NAICS

Child and Youth Services (62411), Child Care Services (62441)

SIC

Short-Term Business Credit Institutions (6153), Services-Social Services (8300), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Community Development & Affordable Housing Funds (FSANAJAK)

akta.pro secondary industries

Early Childhood Education & Childcare Nonprofits (BPAGADAA), Subsidy & Funding Compliance (CCDF/child care assistance program requirements) (EDACAKAN)

Keywords

• Child care financing
• Nonprofit community lending
• Predevelopment capital loans
• Community development finance
• Early education facility financing

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Capital Deployment - Child Care Facility Financing: The Children's Investment Fund provides below-market financing and grants to non-profit child care providers. While not generating traditional revenue, the fund operates as a revolving loan program that deploys capital from state bond programs and the EEOST Capital Fund to support child care infrastructure development across Massachusetts.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Children's Investment Fund provides below-market financing, capital grants, and technical assistance to non-profit, community-based child care providers across Massachusetts to support the expansion, renovation, and upgrade of early care and education and out-of-school time facilities. The fund partners with the Massachusetts Department of Early Education and Care to administer the Early Education and Out of School Time (EEOST) Capital Fund — the first child care capital fund established through community development legislation — and operates a new Child Care Needs and Design Assessment loan product.

Product overview

Children's Investment Fund is a capital fund operated by CEDAC (Community Economic Development Assistance Corporation) that provides financing and technical assistance to non-profit, community-based child care providers to create high-quality early care and education environments. The organization also operates CEDAC Housing Programs providing affordable housing financing, and the Home Modification Loan Program (HMLP) offering accessibility-focused home improvement loans. The main products include the Children's Investment Fund (CIF) for child care facilities, the EEOST Capital Fund administered jointly with the Massachusetts Department of Early Education and Care, CEDAC Housing Programs, and HMLP for home accessibility modifications.

Differentiator

Problem solved

Functional benefit

Products and services

• Children's Investment Fund (CIF) A capital fund that provides financing and technical assistance to non-profit, community-based child care providers to help them expand, renovate, and upgrade their early care and education facilities.
• Early Education and Out of School Time (EEOST) Capital Fund Capital program administered jointly by CEDAC and the Massachusetts Department of Early Education and Care that provides capital grants to child care programs and deploys predevelopment capital for facility development.
• Child Care Needs and Design Assessment Loan Program Loan product offered through Children's Investment Fund that helps affordable housing developers assess the feasibility of co-locating child care facilities within their housing developments.
• Home Modification Loan Program (HMLP) A state-funded loan program administered by CEDAC since 1999 that provides financing to homeowners and small landlords for home accessibility improvements such as ramps, lifts, kitchen and bathroom adaptations, and accessory dwelling units.
• CEDAC Housing Programs Financing and technical expertise provided by CEDAC to non-profit, community-based developers to build or preserve quality affordable housing in Massachusetts, including predevelopment, acquisition, and bridge lending options.

Quantifiable outcome

• Over 2,400 affordable rental homes in development pipeline through CEDAC financing activities
• +1 more outcomes

Named customers3 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Massachusetts Department of Early Education and Care (EEC)coreStrategic or Co-development Partner · 11 June 2026Children's Investment Fund partners with the Massachusetts Department of Early Education and Care to administer the Early Education and Out of School Time (EEOST) Capital Fund - the first child care capital fund established through community development legislation. Together they deploy predevelopment capital through various loan programs supporting child care facility development.
• Boston Children's HospitalcoreStrategic or Co-development Partner · 11 June 2026Boston Children's Hospital invested $200,000 in June 2026 in a new loan product offered through Children's Investment Fund to help affordable housing developers assess the feasibility of co-locating child care facilities. This partnership supports integrated community development combining housing and early education.
• Executive Office of Housing and Livable Communities (HLC)coreStrategic or Co-development PartnerCEDAC works closely with HLC to design and implement bond programs for affordable housing and child care development, including programs reauthorized under the Affordable Homes Act.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Reinvestment Fund: CDFI deploying capital into community development real estate including child care and education facilities, comparable to CIF in offering structured facility financing to non-profits.
• IFF: Community development financial institution offering real estate financing and technical assistance to non-profits, including dedicated child care capital lending programs — closely parallel to CIF's mission and product set.
• Capital Impact Partners: National CDFI financing community-based facilities including child care centers, with a similar blend of below-market capital and technical assistance for non-profit operators.
• Low Income Investment Fund (LIIF): National CDFI providing predevelopment and acquisition financing for non-profit child care centers and community facilities, directly comparable to CIF's role as a child care capital fund with technical assistance.

Others

• Opportunity Finance Network (OFN): National CDFI trade association and capital intermediary that channels bond funding to member CDFIs including capital pools comparable to those CIF accesses through Massachusetts state programs.

Regional players

• Coastal Enterprises, Inc. (CEI): New England-based CDFI deploying capital to community facilities and small businesses, structurally similar to CEDAC/CIF but serving Maine rather than Massachusetts.
• Massachusetts Housing Investment Corporation (MHIC): Massachusetts-focused CDFI offering predevelopment and permanent financing for affordable housing and community facilities, comparable to CIF's parent CEDAC and operating under the same state policy framework.
• BlueHub Capital: Massachusetts-based CDFI providing community development financing for housing and facilities; overlaps with CEDAC's broader portfolio and shares the same regional operating environment as CIF.

Broad incumbents

• Enterprise Community Partners: Large national community development organization deploying capital and technical assistance into affordable housing and community facilities, with adjacent capability to CIF's housing+child care co-location thesis.

Emerging players

• Nonprofit Finance Fund (NFF): National CDFI providing loans and consulting to non-profits including child care providers; comparable as a financing-plus-advisory peer to CIF, though broader in mission.

Market position

Strengths4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UC2rmor8sHuA8GSAT6th2Iag/featured?view_as=public
• LinkedInlinkedin.com/company/community-economic-development-assistance-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Children's Investment Fund