Cinnaire Awarded $4.15 Million Capital Magnet Fund Grants from the CDFI Fund

Award Provides Financing to Support Affordable Housing for Low- and Very-Low Income Communities Cinnaire was recently awarded $4.15 million in grants from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Capital Magnet Fund. The grants will be used to support affordable housing and community development throughout Cinnaire’s footprint. The Capital Magnet Fund helps […]

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Cinnaire Invests in New Market West

Project Will Provide High-Quality Early Childhood Education and Health Care Services and Revitalize West Philadelphia Neighborhood Cinnaire recently provided an $11.25 million New Markets Tax Credit (NMTC) allocation to support the development of New Market West in Philadelphia, PA. PNC Bank, as the NMTC investor, joined Cinnaire in the financing of this project. New Market

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Cinnaire Celebrates Start of Construction for SEVEN04 Place

New Community Will Bring High-Quality, Affordable Housing to Milwaukee Cinnaire recently joined the development team, community leaders and local residents to celebrate the groundbreaking for SEVEN04 Place, a new affordable housing community in the Walker’s Pointe neighborhood of Milwaukee. SEVEN04 place features a mix of one-, two- and three-bedroom apartments, including 46 units of affordable

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Cinnaire Receives New Markets Tax Credit Award from CDFI Fund

Award Will Revitalize Low-Income Communities and Spur Economic Development Cinnaire recently received a $65 million New Markets Tax Credit (NMTC) award from the U.S. Department of Treasury’s CDFI Fund. Cinnaire was one of 73 organizations selected from a pool of 230 applicants to receive an award. Cinnaire received one of the largest national awards and the

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Mark McDaniel Named Haven House Pancake Palooza Champion

Celebrity Servers Raise $43,000 to Help Homeless Families Mark McDaniel recently joined Sister Pat Newhouse, Jim Patterson and Matt Anderson for the annual Haven House Pancake Palooza Championship.  Haven House provides emergency housing and support services for families with children. The shelter helps families who are homeless prepare for permanent housing by developing and promoting self-sufficiency,

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Cinnaire Celebrates Grand Opening for New Parkridge

Landmark Affordable Housing Development Brings New Homes, Hope and Opportunity to Residents  Cinnaire recently joined community leaders, residents and development partners to celebrate the grand opening for New Parkridge in Ypsilanti, Michigan. The new affordable housing community features 86 quality apartments and townhouses with on-site support services for individuals and families. Cinnaire, through a strategic partnership

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Cinnaire Featured in Tax Credit Advisor

Cinnaire was recently featured in an issue of Tax Credit Advisor. A leading industry magazine, Tax Credit Advisor provides comprehensive coverage on all aspects of the development and financing of affordable rental housing, historic preservation, and economic development projects using federal and state tax credits and other resources. Click here to read Untraditional Lending – CDFIs make tax

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Cinnaire President & CEO Receives Prestigious Honor from the Greater Lansing Martin Luther King, Jr. Commission

The Mark McDaniel Legacy Scholarship Will Provide Lansing Area Youth with Opportunities to Achieve Higher Education  The Greater Lansing Area Martin Luther King, Jr. Commission is a non-profit dedicated to preserving the legacy and teachings of Dr. King, supporting community agencies, and empowering youth to achieve educational goals. The Commission recently awarded Mark McDaniel, Cinnaire

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Dionna Sargent Appointed Community Development Market Leader

Dionna Sargent has been appointed Community Development Market Leader. As the Community Development Market Leader, she will lead Cinnaire’s Priority City Initiative in Wilmington, Delaware, focusing on identifying resources and opportunities to further comprehensive community development objectives in the city. In this new position, Dionna will be responsible for developing, establishing and maintaining relationships with

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First Cinnaire Cares Donations Awarded

We have an unwavering belief that all people deserve the opportunities provided by living in healthy communities.  The Cinnaire Cares initiative is a companywide staff-funded and driven charitable program. Developed by our employees to support our mission, Cinnaire Cares was established to provide an opportunity for our team to collectively make an impact. Employees can

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