Detroit’s Henry Street Restoration Includes Seven Buildings, 170 Units and a Full City Block Marking a momentous day in The District Detroit, Cinnaire Solutions and Olympia Development of Michigan were joined on August 28 by Mayor Mike Duggan, Michigan State Housing Development Authority, Housing and Revitalization Department and other city officials to commence the restoration […]
Cinnaire is proud to announce Keith Broadnax has been honored with the prestigious Indiana Affordable Housing Council (IAHC) Award for Leadership in Affordable Housing, recognizing his outstanding contributions and unwavering commitment to the industry. The award celebrates individuals who not only excel in their professional roles but also embody the true spirit of leadership
 $8.75 million, state-of-the-art facility will provide education to over 90 children Yesterday, a celebration took place to mark the opening of the new McClellan Early Childhood Center (McClellan) in the Gratiot Woods neighborhood on the East Side of Detroit. The state-of-the-art facility, spanning an impressive 15,000 square feet, is situated on the former site
Affordable Housing Finance (AHF) has announced thirty-eight inspiring developments have been named finalists in the 2024 Readers’ Choice Awards. The awards recognize the best affordable housing developments nationally in 10 categories. Each project is unique and highlights the diverse range of affordable housing for families, seniors, formerly homeless individuals and those with special needs. We
Affordable Housing Finance Announces Readers’ Choice Finalists Read More »
On August 1, a bipartisan group of legislators introduced the Preserving Rural Housing Investments Act, a bill in the U.S. Senate and House of Representatives that would clarify the ability of Fannie Mae and Freddie Mac to invest in multi-investor funds, which are critical to their ability to reach rural markets. The legislation was led
In a recent statewide survey of 691 small to medium size businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated that while inflation is the biggest challenge for small businesses, finding customers and acquiring talent are close behind. While reports of increased profits and new hires over the past six months
Forty-Year Career Shaped Affordable Housing Industry Jim Logue, Cinnaire’s longtime Chief Operating Officer and most recently, Chief Policy and Advocacy Officer, is retiring this month after 21 years of dedicated service to our organization. Jim’s career in the affordable housing industry spans more than 40 years, marked by tremendous impact on disinvested communities at national,
Honoring the Career and Legacy of Jim Logue: Affordable Housing Legend Retires Read More »
Residents of River Crest Apartments in Detroit’s east side—as well as the local community—have access to a new affordable, environmentally friendly transportation option with the launch of an electric vehicle carsharing system through the national Affordable Mobility Platform (AMP) program. A kickoff event held at River Crest Apartments showcased the EV carshare system and its charging station. Residents
Electric Vehicle Carshare Program Launched at Detroit’s River Crest Apartments Read More »
Cinnaire Lending has announced the closing of a $5 million revolving pre-development line of credit to The Michaels Organization, a national leader in residential real estate with full-service capabilities in development, property management, construction and investment. The line of credit will enable Michaels to advance its mission of creating sustainable, affordable housing solutions for communities in
Cinnaire Provides $5M Pre-Development Line of Credit to Michaels for 700+ Homes Read More »
This edition of Policy Pulse provides updates on major developments at the federal level that could have significant impacts on affordable housing and community development. Read about state budget and policy legislation throughout Cinnaire’s footprint, steps the Biden Administration is taking to boost the housing supply, a federal appropriations update, and details on the HOME
Policy Pulse – June 2024 Read More »
Cinnaire is pleased to share two upcoming webinars to inform partners on accessing National Clean Investment Funds to support greener multi-family housing. The sessions are hosted by our multifamily agency lending partner, CPC Mortgage, a member of the Climate United collaborative recently awarded $6.97 billion in funding from the EPA’s Greenhouse Gas Reduction Fund. Our partners are invited to join CPC
Webinars to Update Partners on Next Steps for Climate United: Multifamily Approach Read More »
Low-Income Housing Tax Credit fund will create or preserve more than 1200 affordable homes across the Midwest Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. The fund comprises 14 investors and will support the creation or preservation of 1,228 affordable
Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States Read More »
