Massachusetts CDCs invested more than $1.4B in local communities in 2021 – The MACDC GOALs Report

Massachusetts CDCs invested more than $1.4B in local communities in 2021 – The MACDC GOALs Report

August 2022

The Massachusetts Association of Community Development Corporations (MACDC), on Wednesday, August 10th, released its 2022 GOALs Report, which reflects data collected from calendar year 2021. The report shows that, in 2021, CDCs in Massachusetts collectively invested $1.453 Billion in local communities – the largest annual investment made by CDCs in their history.

The MACDC GOALs Report, first launched in 2002, is the most comprehensive tracking of CDC performance in the Commonwealth. It measures performance across six areas of community development: 1) resident leaders engaged; 2) homes built or preserved; 3) job opportunities created or preserved; 4) entrepreneurs supported; 5) families supported; and 6) funds invested in communities through CDCs.

In 2021, as communities continued to recover and rebuild from the COVID-19 pandemic, CDCs played an essential role in community resilience, and in efforts to redress and reduce- and make progress toward eliminating- unjust disparities in the pandemic’s impacts.

Perhaps it’s not surprising that these impacts are greater than in 2020. However, in comparing the collective impact of CDCs in 2021 to 2019, pre-COVID, CDC contributions to community resilience jump off the page!

  • 1,717 homes were created or preserved, 11% more than in 2019
  • 6,744 jobs were created or preserved, a 62% increase from 2019
  • 3,416 entrepreneurs were provided technical or financial assistance, almost 3 times the 1,256 entrepreneurs provided such assistance in 2019
  • 86,124 families were served, 23% more than in 2019
  • $1.45 billion was invested, a 58% increase from 2019.

MACDC would like to thank our member CDCs for participating in the GOALs Survey, and recognize them for the amazing work they continue to do in their communities year over year. We would also like to thank the Massachusetts Housing Partnership for supporting the MACDC GOALs Initiative.

Read the full report.