In a recent statewide survey of 609 small to medium sized businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated while businesses are seeing a rebound in sales and profits compared to the June survey, talent shortages, supply chain challenges, and inflation are creating uncertainty for future projects. While past surveys revealed […]
Marquette Housing Commission Revitalizes 265 Affordable Apartments Cinnaire recently joined the Marquette Housing Commission, the Michigan State Housing Development Authority (MSHDA), Range Bank, Huntington Bank, First Contracting, Inc., and MCSA Group Inc. to celebrate the grand opening for Pine Ridge Marquette and Lake Superior Village Apartments in Marquette, MI. Developed by the Marquette Housing Commission,
Cinnaire & Partners Celebrate Grand Openings in Northern Michigan Read More »
Far too many veterans in the United States struggle to find an affordable place to call home. More than 37,000 veterans are homeless. At Cinnaire, we are committed to creating safe, affordable places to call home for all who have served our country. But we cannot solve this problem alone. The federal Low Income Housing
Meeting the Urgent Need for Safe and Affordable Housing for Our Heroes Read More »
Cinnaire has announced the promotion of Josh Ghena to Senior Vice President, Equity Business Funding. Mike Witt has been promoted to Senior Vice President of Asset Management. In these leadership positions, Josh and Mike will play a key role in supporting Cinnaire’s strategic plan and providing executive oversight for the organization’s $4.9 billion asset portfolio.
Cinnaire launched Jumpstart Wilmington to help Wilmington residents and people committed to revitalizing Wilmington to become developers of their own neighborhoods through quality, community-focused real estate development training and finance options. The Jumpstart Wilmington Loan Program provides financing for the acquisition and construction of residential, commercial, and mixed-use properties in Wilmington neighborhoods. The loan program
Jumpstart Wilmington Receives Grants Supporting Loan Program Read More »
“Working with MRI has been a great experience. We’re at the leading edge of real estate technology because of our work with MRI, and it’s had a meaningful impact on our business.” – Josh Ghena, Cinnaire Senior Vice President, Equity Business Funding Founded in 1971, MRI Software is a leading provider of innovative real estate
MRI Analytix: Business Intelligence Read More »
Recently, the Federal Housing Finance Agency (FHFA) announced that it would be requiring Fannie Mae and Freddie Mac to prepare Equitable Housing Finance Plans to advance equity in housing finance. In September, the FHFA issued a Request for Input on these plans, including its intention to require Fannie and Freddie to take actions within their power to
Cinnaire Comments on New Equitable Housing Plans for Fannie Mae and Freddie Mac Read More »
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is granting $29.2 million through its Affordable Housing Program (AHP) General Fund to help finance 49 housing projects located primarily in Illinois and Wisconsin. These funds will support the acquisition, rehabilitation, and new construction of over 2,315 housing units. Cinnaire received a $5.3 million award to
Award Recognizes Rising Stars in the Affordable Housing Industry Luan Nguyen, Asset Stabilization Expert at Cinnaire, has been named a 2021Â Affordable Housing Finance (AHF)Â Young Leader. AHF’s Young Leader Award was established in 2008 to celebrate and support the next generation of difference makers working in the affordable housing industry. The Young Leaders program recognizes industry
Luan Nguyen Named Affordable Housing Finance Young Leader Read More »
Wilmington DE Families Struggle to Find Homes In early September, the remnants of Hurricane Ida, a deadly and destructive Category 4 Atlantic hurricane, wreaked havoc on 10 city blocks in Wilmington, DE. The storm caused the Brandywine Creek to flood to historic levels, a natural disaster that displaced hundreds of individuals and families living in
Residents Still Reeling from Hurricane Ida: A Rallying Cry for Affordable Housing Read More »
Chris Neary, Cinnaire’s Vice President for Policy, Research and Advocacy, provides an update on the Build Back Better Plan, steps the Biden Administration is taking to increase affordable housing supply, the Charles Edson Awards and more in the latest issue of Policy Pulse.
Nation’s First Permanent Recovery Supportive Housing Development Recognized as Outstanding Development in the Special Needs Category Andy’s Place in Jackson, MI, has received the Charles L. Edson Tax Credit Excellence Award in the Special Needs Category. The Edson awards recognize outstanding developments and organizations that have demonstrated especially meaningful impactful use of the Low Income Housing
Andy’s Place Receives Charles L. Edson Tax Credit Excellence Award Read More »
