Cinnaire Captures Novogradac QLICI of the Year Award

Novogradac Award graphic with exterior view of Paul's Place Groundwork Kitchen

Paul’s Place-Groundwork Kitchen Honored as Small Business QLICI of the Year  Ten community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credit QLICIs of the Year Awards. The awards honor CDEs who strive for excellence in community development. Cinnaire received the Small […]

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Cinnaire Awarded $1.8 Million to Support Economic Relief in Underserved Communities Affected by COVID

U.S. Department of Treasury’s CDFI Fund Announced the Awards with Vice President Harris, Treasury Secretary Janet Yellen, Senator Mark Warren and Representative Waters The U.S. Department of Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs) through the departments CDFI Rapid Response Program (CDFI RRP). The grants will be

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Grand Opening for Ivy Tech Automotive Technology Training Center

Front of new Ivy Tech Auto Center

Cinnaire’s New Markets Tax Credit Funding Provides Financial Support for  Workforce Development Center in Indianapolis, IN Cinnaire joined Ivy Tech Community College, PNC Community Partners Inc., Indianapolis Redevelopment CDE and community leaders this week to celebrate the grand opening of the Ivy Tech Automotive Technology Center. The $14 million project is one of the $176 million in

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Homeownership and Development Policies to Reverse the Legacy of Discrimination and Disinvestment in Wilmington

Rowhouses in Wilmington

In the City of Wilmington, the challenges posed by systemic racism are nothing new. Wilmington’s neighborhoods have been particularly harmed by the legacy of racist policies that have fueled segregation and a vicious cycle of disinvestment, leading to the devaluation of assets and a large number of vacant properties that contribute to crime and instability

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New Development Offers Affordable Housing and Support Services in Bloomington, IN

Kinser Flats apartments exterior

Kinser Flats Includes 50-units of Housing for Homeless Families and Individuals  Cinnaire recently joined Centerstone, a non-profit health system providing mental health and substance use disorder treatments, to celebrate the virtual grand opening for Kinser Flats, a 50-unit affordable housing development paired with support services for homeless families and individuals with substance abuse disorders or

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Cinnaire Welcomes Three New Board Members

New members will enhance board’s focus on creating healthy, vibrant communities and expanding economic opportunity for underserved people  Cinnaire has announced three new members have joined the organization’s Board of Directors. The new board members will provide strategic direction supporting continued growth around Cinnaire’s unwavering belief that all people deserve the opportunities to live in

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Mission First Housing Group Announces New Market West Honored With Prestigious Awards

Mission First Housing Group, a family of nonprofit organizations working together to ensure everyone has a safe, affordable place to call home, recently announced New Market West was honored with awards from the Philadelphia Association of Community Development Corporations (PACDC) and the Philadelphia Business Journal. New Market West is a four-story, LEED certified 90,000 square

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Advancing Communities Podcast: Private Investors Seeking Windfall Returns at Year 15 – Opa-locka CDC Wins Key Lawsuit in Florida

Podcast slide on Opa-Locka winning Year 15 Lawsuit

In this episode of the Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley continues his three-part series examining a growing crisis in the affordable housing industry where private equity funds or other investors are seeking windfall returns at Year 15. By ignoring Right of First Refusal agreements and forcing owners to either make large payment plans

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Advancing Communities Podcast: Impact Jobs – CDFIs 101 for Young Professionals

Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities

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Affordable Housing Credit Improvement Act Introduced in Congress

U.S. Capitol building

On April 15th, a bipartisan group of Members of Congress introduced the Affordable Housing Credit Improvement Act (AHCIA). This legislation (H.R. 2573 / S. 1136) would expand and strengthen the Low-Income Housing Tax Credit (Housing Credit), providing as many as 2,015,000 additional affordable homes over the next decade. It would also support nearly 3 million jobs and generate

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Cinnaire Launches Resident Rental Relief Fund to Support Families Impacted by COVID 19

Cinnaire has announced the launch of the Resident Rental Relief Fund (RRRF) to support families struggling to make rental payments as a result of COVID 19. Cinnaire contributed $250,000 to the fund and Delta Dental, the nation’s largest provider of dental benefits, contributed an additional $250,000 to the fund, designed to support renters throughout Cinnaire’s

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Cinnaire & CDFI Friendly America Launch CDFIs 101: Impact Jobs Series to Educate Socially Conscious Young Professionals  on Careers in the CDFI Industry 

Community development financial institutions (CDFIs) are on a mission to deliver creative financing solutions to support low-income people while creating positive social change and economic impact for underserved communities. COVID-19 and the racial inequities brought to light in the past year have underscored the value that CDFIs bring to communities. Cinnaire and CDFI Friendly America

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