Ubuntu Fund Secures $55 Million Investment from Prominent Financial Institutions to Create Pathways for Equitable Access

Cinnaire has announced the closing of the $55 million Ubuntu Fund, an equitable access fund developed to support affordable housing development with underinvested developers in the Midwest region. The creation of this fund was made possible through the investments of leading financial institutions – JPMorgan Chase, PNC Bank, KeyBank, and Fifth Third Bank. The fund […]

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Fifth Third Bank Loan Opens Doors for Cinnaire’s Community Development Work in IL, MI

Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank. Cinnaire Lending will leverage Fifth Third’s $5 million commitment to provide financing to developers for the rehabilitation and construction of affordable for-sale homes, multifamily housing and community facilities in Illinois

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Policy Pulse – January 2024

This Special Edition of Policy Pulse provides updates on major developments at the federal level that could have significant impacts on affordable housing and community development.  Congress is debating stopgap spending bills to avoid Jan. 19 shutdown of federal agencies, including HUD. LIHTC Housing Credit Resources proposed for inclusion in bipartisan tax package, estimated to

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WE Build Program Launches to Foster Growth in Detroit Women Developers

Ten women developers posing around a table

Historically, women have faced barriers to success in the commercial real estate development industry. Cinnaire, in collaboration with the Women’s Sustainable Development Initiative (WSDI), is addressing those barriers with the launch of the Women Empowered to Build (WE Build) Program in Detroit. This pioneering initiative is a yearlong free training and mentoring program kicking off

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Cinnaire Joins Michigan Business Network to Present Results for Q4 2023 Michigan Business Future Index Survey

In a recent statewide survey of 609 small to medium-sized businesses, respondents to the latest Michigan Future Business Index (MFBI) indicated concerns over wage inflation, supply chain issues, and overall inflation continue to shrink. While sales and profits hit record lows over the past year, data indicates there are brighter days ahead, based on small

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Cinnaire Closes Funds Totaling $193 Million, Committing Capital for Affordable Housing in Ten States

  Fund Closings Brings Total Equity Investments Raised in 2023 to $417 Million Cinnaire has announced the closing of two Low-Income Housing Tax Credit funds totaling $193 million. These multi-investor funds – Cinnaire Fund for Housing (Fund 40) and Cinnaire Fund for Housing Mid-Atlantic 8 (MA8) – will support the creation of preservation of 1,849

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Policy Pulse – December 2023

The latest edition of Policy Pulse is available with information on AHCIA achieving landmark level of support; CRA Reform; State updates; a Workforce housing credit bill introduced and CDFI and Housing Credit advocacy in Washington, D.C. Click here to see Cinnaire’s December 2023 Policy Pulse enewsletter – https://conta.cc/47Sh8P4  

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Advancing Communities Podcast: Asset Management With A&M – Defining Asset Management

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bringing together experts in the asset management industry to discuss issues, share strategies and provide resources to professionals working in the AM field. In this month’s podcast, April and Miranda invite

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Cinnaire Receives $5 Million FHLBank Chicago Award to Support Affordable Housing in Illinois, Wisconsin

An award totaling $5 million will allow Cinnaire to support -five affordable housing projects in the Midwest including the acquisition, rehabilitation and construction of 269 units. The developments will be across Illinois and Wisconsin, with an emphasis on housing people with disabilities, people experiencing homelessness and senior citizens.  The Affordable Housing Program (AHP) grants come

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Detroit Free Press Names Cinnaire a Winner of the Michigan Top Workplaces 2023 Award

Cinnaire has been named a Detroit Free Press Top Workplace 2023. The Detroit Free Press partnered with Philadelphia-based Energage, an employee research and culture technology firm, for the 16th year to determine the winners of this year’s Michigan Top Workplaces. Cinnaire was ranked #5 out of 81 companies on the 2023 Midsize Top Workplaces. The

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