CDFI Fund Awards Cinnaire $7.5M in Capital Magnet Fund Grant 

Funding to Drive Affordable Housing Development in Disinvested Communities  Cinnaire has been awarded a $7.5 million grant from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund through the highly competitive Capital Magnet Fund (CMF) program. This year, the CDFI Fund awarded a total of $246 million to 48 organizations nationwide from among 136 applicants.   […]

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Advancing Communities Podcast: Asset Management With A&M – Understanding NMTC

Podcast cover slide showing moderators April and Miranda and guest speakers Peter and Max

Episode 5: Understanding New Market Tax Credits with Peter Giles and Max Novak  Join us for a special episode of Cinnaire’s Advancing Communities Podcast, featuring the asset management series AM With A&M. Hosted by asset management experts April Priebe and Miranda Bialk, this series dives into strategies, insights, and resources for professionals working in the

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Groundbreaking for Andy’s Place II Marks Major Milestone in Opioid Recovery Housing

Speakers at Andy's Place II groundbreaking with shovels

New Property to be Named The McDaniel Apartments in Honor of Mark McDaniel’s Commitment to Recovery Support  Local leaders, state officials, and community members gathered to break ground on Andy’s Place II, a groundbreaking expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative in Jackson. The new development will provide 26 affordable apartments and

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Cinnaire Recognized as Diversity Focused Company

Cinnaire has been honored with a Salute to Diversity Award for Diversity Focused Company at Corp! Magazine’s Annual Salute to Diversity Awards and Conference. The program recognizes businesses, organizations, and leaders who champion diversity, equity, inclusion and belonging initiatives and achievements within their organization or community. The event and awards celebration feature networking and insightful

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Cinnaire Awarded $60 Million New Markets Tax Credit Allocation

  Award Will Spur Projects that Support Education, Vocational Training and Job Opportunities in Underserved Communities The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. These tax credits incentivize private sector investors to partner in community financing efforts, stimulating economic

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Cinnaire Announces $8.5M NMTC Investment to Support Expansion of West Side Chicago School

Cinnaire announced the closing of an $8.5 million investment in New Markets Tax Credits (NMTC) to support the expansion of The Field School, a pre-K-8 private, nonprofit Christian school serving Chicago’s Austin neighborhood. This investment will enable The Field School to expand its facilities and continue providing high-quality education to a diverse and underserved student

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Three Cinnaire Projects Named Affordable Housing Finance Readers’ Choice Award Winners

  The Affordable Housing Finance (AHF) annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments nationally in ten 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 are thrilled to share three of Cinnaire’s investments – Restoring

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Policy Pulse – September 2024

This edition of Policy Pulse provides updates on potential legislation developments leading up to November’s election, the presidential candidates’ housing plans, state budget appropriations for affordable housing and policy legislation throughout Cinnaire’s footprint, and comments submitted by Cinnaire on rulemakings or requests through the FHFA and CMF. Click here to see Cinnaire’s September 2024 Policy

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Cinnaire Solutions and Olympia Development Begin Restoration on Detroit’s Historic Henry Street Apartments

Development partners digging shovels in dirt for Henry St groundbreaking

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

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Keith Broadnax Honored with IAHC Leadership Award for Excellence in Affordable Housing Industry

  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

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New State-of-the-Art McClellan Early Childhood Center Opens on Detroit’s East Side, Offering Education to Over 90 Children

  $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

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Affordable Housing Finance Announces Readers’ Choice Finalists

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

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