The month of February is usually a time for us to collectively pause and honor the achievements of Black Americans who came before us, to celebrate the powerful contributions the Black community has made, and to recognize the impact those contributions have made in our country’s history. At Cinnaire, we believe that Black History is […]
Celebrating Black History Throughout the Year Read More »
Cinnaire is proud to announce a $7 million investment in New Markets Tax Credits to support the rehabilitation and expansion of the former Prairie Farms dairy plant into the Tillamook Decatur Creamery. The facility, located at 757 N Morgan St. in Decatur, is being transformed into a modern, 79,000-square-foot creamery to enhance Tillamook County Creamery
Cinnaire Invests $7 Million in NMTC to Support Tillamook Decatur Creamery Expansion Read More »
Cinnaire has announced the closing of the Cinnaire Fund for Housing Partnership 42, a $190 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. This significant milestone will support the creation or preservation of 1,478 affordable multifamily homes across 21 properties, serving over 3,400 individuals. Notably, for the first time in its history, Cinnaire is investing
Cinnaire Closes $190 Million Low-Income Housing Tax Credit Fund Read More »
New $25 million mixed-use development offers 53 residential units, including 42 affordable and 11 market-rate apartments, with vibrant community and retail spaces In January, co-developers Southwest Detroit Business Association (SDBA) and Cinnaire Solutions celebrated the grand opening of La Joya Gardens, a transformative mixed-use, mixed-income development located at 4000 W. Vernor Highway. The event highlighted
Cinnaire Solutions and the Grandmont Rosedale Development Corporation (GRDC) celebrated the grand opening of one affordable housing development, and broke ground on a second development in Northwest Detroit. The joint event celebrated the grand opening of The Residence at West Outer Drive, and the groundbreaking of Minock Park Place, to show and celebrate increasing investments
Cinnaire Solutions Celebrates Two Affordable Housing Projects in Detroit Read More »
At Cinnaire, giving back is woven into the fabric of who we are. Cinnaire Cares, our companywide, staff-funded charitable giving initiative, exemplifies our commitment to supporting mission-driven organizations in the communities where we live, work and serve. Developed by our employees through the Staff Engagement Committee, Cinnaire Cares highlights the strength of collaboration and compassion.
Empowering Communities: Cinnaire Cares Raises $78,000 to Fuel Mission-Driven Initiatives Read More »
According to the latest Michigan Future Business Index (MFBI) survey, which included responses from 406 small to medium-sized businesses across the state, concerns regarding inflation, interest rates, and a weak economy are easing as businesses evaluate their challenges in Michigan. Acquiring and retaining talent continues to be the most significant challenge for these businesses. Notably,
This week, our hearts are collectively heavy as we mourn the passing of President Jimmy Carter. We have lost an extraordinary statesman who epitomized what it means to live a lifetime to service. What I find truly remarkable right now is the shared sense of loss felt by millions around the globe, whether they knew
Tribute to an Extraordinary Man: Remembering President Carter Read More »
The recent election results at the federal level have set off a cascade of developments in Washington, offering a preview of an unpredictable few years ahead. Potential policy changes – especially the upcoming “Tax Super Bowl” – could be consequential for affordable housing and community development. This edition of Policy Pulse describes the balance of power in
Policy Pulse – Post Election Edition Read More »
Cinnaire, Delaware State Housing Authority (DSHA), Sussex County, Volker Development, Inc., and Stearns Bank hosted a groundbreaking ceremony on December 12, for Chapel Branch Apartments, an affordable housing development in Lewes, Delaware. Speakers included DSHA Director Cynthia Karnai; Jake Stern, Senior Vice President, Business Development at Cinnaire; Amy Walls, Senior Principal, Community Reinvestment at Discover;
Cinnaire Hosts Groundbreaking Ceremony for Chapel Branch Apartments Read More »
Cinnaire has been awarded $6 million in Affordable Housing Program (AHP) subsidies by the Federal Home Loan Bank of Chicago (FHLBank Chicago) to support three transformational housing projects in Illinois and Wisconsin. These awards will help finance the renovation, adaptive reuse, and new construction of 233 affordable housing units, advancing Cinnaire’s mission to provide equitable
Cinnaire Receives $6 Million in AHP Awards from FHLBank Chicago Read More »
Cinnaire has been named a Detroit Free Press Top Workplace 2024. For the 17th year, the Detroit Free Press partnered with Energage, a leading employee research and culture technology firm, to identify and honor Michigan’s best workplaces. Cinnaire earned a ranking of #4 out of 69 companies on the 2024 Midsize Top Workplaces. The ranking
Detroit Free Press Names Cinnaire a Winner of the Michigan Top Workplaces 2024 Award Read More »