Initiatives

Economic Development
for thriving communities.

Our commitment

Building economic opportunity from the ground up.

We believe thriving communities are built on economic opportunity, local ownership, and generational wealth. Our initiatives support immigrant, refugee, and marginalized communities in Boston through business development, accessible capital, and stable housing.

450+
entrepreneurs and business owners supported
$700K+
in micro-loans deployed to underserved founders
15
affordable homes in active development pipeline
100+
individuals trained annually in financial literacy and loan readiness

Small Business Development

Empowering immigrant entrepreneurs to grow.

Small businesses are the backbone of vibrant, culturally rich communities. We provide the tools, knowledge, and hands-on support immigrant entrepreneurs need to build sustainable enterprises.

Support

Technical Assistance

One-on-one consultations covering financial management, business planning, compliance, and operations.

Education

Capacity-Building Workshops

Training that improves access to capital, marketing strategies, and long-term sustainability.

Revitalization

Main Streets Program

Supporting Black- and Brown-owned businesses to stabilize neighborhoods and drive economic growth.

Wealth

Community Resilience

Equipping entrepreneurs to expand, create jobs, and build the generational wealth their families deserve.

Ready to grow your business?

Book a free consultation or apply directly for technical assistance.

Microloan Program · ACEDFI

Capital within reach.

Through our affiliated lending institution ACEDFI, we offer affordable microloans to immigrant, refugee, and BIPOC entrepreneurs who are often overlooked by traditional banks.

Visit africancdfi.org ↗
Loan Range
$5K–$50K
Early-stage & growing businesses
Model
CDFI
Mission-driven nonprofit fund
Flexible, affordable terms

Designed to meet entrepreneurs where they are — not where traditional banks want them to be.

No red tape

Accessible capital without the barriers that traditional lenders impose on immigrant-owned businesses.

Free financial literacy workshops

Budgeting, credit building, pricing, tax prep, and more — at no cost.

1-on-1 business coaching

Personalized guidance alongside every loan to help businesses succeed long-term.

Housing & Real Estate

Community-driven housing for lasting stability.

Stable housing and community ownership are key to long-term prosperity. We work to preserve cultural heritage, prevent displacement, and create pathways to homeownership.

Resident-Led Projects

Advancing real estate initiatives that prioritize resident voice, cultural preservation, and neighborhood stability.

Anti-Displacement Efforts

Helping immigrant and underserved families remain in their communities with dignity and security.

Financial Literacy & Homebuyer Education

Guidance to navigate the housing market, improve credit readiness, and prepare for ownership.

Pathways to Generational Wealth

Supporting families in securing permanent homes and building long-term financial stability.

CITC Collaborations

Partnering with cultural and investment trust programs to expand sustainable, inclusive economic growth.

Pre-Purchase Counseling

Training 100+ individuals annually in financial literacy, credit readiness, and the homebuying process.

Erie–Glenway Affordable Homeownership

Phase 2 · Welcome Home Boston · Dorchester
●  Under construction · Fall 2026
Project Overview
9 UnitsAffordable condominium community
5 units @ 80% AMI
4 units @ 100% AMI
$258,000 – $378,000
Fair lottery process for income-eligible buyers
What's Next
  • Deliver 9 affordable units and support buyers through closing (2026)
  • Provide pre-purchase counseling and 1-on-1 homebuyer support
  • Strengthen partnerships with public agencies and community groups
  • Maintain resident accountability throughout the process
This project was originally designed for 2 parcels with 12 units. ACEDONE was granted 1 parcel and the program is being redesigned accordingly. Affordability levels, sale prices, and unit configuration are preliminary and subject to change as financing is finalized. No subsidy sources are identified in this phase; the current model is proceeds-only.
Proposed Unit Mix
6 UnitsMixed-bedroom affordable condominiums
1-Bedroom2 units
2-Bedroom2 units
3-Bedroom2 units
80% AMI
Up to 135% AMI
Preliminary Pricing Range
$241,000 – $569,000
Final pricing dependent on financing structure.
Development Priorities
  • Finalize parcel acquisition and site planning
  • Identify financing structure and affordability targets
  • Engage residents and community stakeholders
  • Move into permitting and construction planning

Together we build what lasts.

Support immigrant-owned businesses, affordable homes, and community ownership across Greater Boston.

Donate to ACEDONE Get in touch