DMI Provides $8 Million Financing – The Grand Rapids, Michigan Industrial Portfolio

Develop Michigan, Inc. (DMI) has announced the closing of an $8 million mezzanine loan to support the development of an industrial and commercial corridor in Grand Rapids, MI and Lansing, MI. Developed by a partnership between First Holding, Milford & Singer Co., and CG Emerson Real Estate Group, the renovation of the six scattered sites […]

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Jim Logue Re-Elected to Federal Home Loan Bank of Indianapolis Board of Directors

Cinnaire Chief Strategy Officer Jim Logue has been re-elected to the Federal Home Loan Bank of Indianapolis (FHLBI) Board of Directors. The FHLBI’s mission is to provide a reliable source of liquidity to member banks, credit unions, community development financial institutions, and insurance companies to support housing finance, asset-liability management, and community lending. The FHLBI

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Happy Thanksgiving From Cinnaire

This holiday, as we gather with friends and family to celebrate our blessings, the Cinnaire team wishes to extend a special thank you to our partners. Thanks to you, we continue to empower and serve people from all backgrounds. Thanks to you, we are creating healthy, vibrant communities. Thanks to you, many families are celebrating

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Cinnaire & Partners Celebrate the Start of Construction for the Flats at Grandview Commons

New Apartment Community will Bring High-Quality, Affordable Housing to Madison, WI Cinnaire recently joined community leaders, local residents and development team partners to celebrate the start of construction for The Flats at Grandview Commons, a new affordable housing community for working families in Madison, WI. Developed by Royal Capital Group, the 94-unit new apartment community

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Cinnaire Honored as Detroit Free Press Top Workplace

Award Recognizes the Most Desirable Places to Work in Michigan Cinnaire was recently selected as a Detroit Free Press Top Workplace 2017. The companies recognized in the Detroit Free Press Top Workplaces program were selected from the results of an employee survey. The survey measured factors such as company leadership, communication, career opportunities, working environment,

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Gateway Village Receives Governor’s Energy Excellence Award

Cinnaire is pleased to announce Gateway Village was among eight organizations and individuals recently recognized at the Governor’s Energy Excellence Awards (GEEA) for their extraordinary efforts to reduce energy waste. Located in Sturgis, MI, Gateway Village received the Best Commercial Project. Earlier this year, Hollander Development Corporation completed a rehabilitation of Gateway Village, a 100-unit

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Cinnaire Receives Community Development Financial Institution Fund Award

Financial Assistance Award will Support Cinnaire’s Mission to Create Healthy, Vibrant Communities The Community Development Financial Institution (CDFI) Fund recently announced its FY 2017 Awards. A total of $208.7 million was distributed to CDFIs in 46 states and the District of Columbia. Cinnaire received a $976,500 Financial Assistance (FA) award. The CDFI Fund provides FA

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Cinnaire Appoints Director of Lending, Asset Management and Vice President, Equity Capital Raising

Trey Phillips has been appointed Director of Lending, Asset Management, in the company’s Chicago, IL, office. In this new position, Trey will be responsible for managing the oversight of Cinnaire’s lending portfolio. Trey will develop and implement strategy to mitigate against risk across Cinnaire’s multiple product lines, as well as multiple geographic areas. Trey will ensure

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Cinnaire MidAtlantic Annual Meeting – A Bold Plan for Reimagining Delaware

Cinnaire recently hosted the company’s MidAtlantic Annual Meeting. The meeting provided MidAtlantic developers, investors, community leaders and community revitalization organizations an opportunity to discuss affordable housing and community development in Delaware. Cinnaire’s Susan Frank, Dionna Sargent and Hughlett Kirby outlined Cinnaire’s achievements in the past year. Jim Peffley, Cinnaire Executive Vice President, spoke about the

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Cinnaire joins Center City Housing Corporation to Celebrate Grand Opening for Park Place Apartments

New Apartment Community Designed to Provide Supportive Services and Affordable Housing in Bemidji, MN Cinnaire recently joined Center City Housing Corporation to celebrate the grand opening for Park Place Apartments. Located in Bemidji, MN, Park Place Apartments is an innovative supportive housing development that provides safe, stable housing with services. Forty units serve adults with

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Cinnaire Celebrates Groundbreaking Ceremony for Mysa House

New Affordable Apartment Community will provide Housing and Services for Seniors in Mora, MN Cinnaire recently joined developer D.W. Jones, Inc, Mora Mayor Jack L’Heureux, the Minnesota Equity Fund (MEF), Mora Housing and Redevelopment Authority (HRA) and community leaders to celebrate the groundbreaking for Mysa House in Mora, MN. Mysa House is a new senior

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University of Affordability 2017 Recap

First Responders: Stop, Drop and Roll into the 2017 University of Affordability Conference first re·spond·er: Someone designated or trained to respond to an emergency The 2017 University of Affordability attendees enjoyed a super kickoff to the conference – Mark McDaniel, AKA Captain America, provided an entertaining start to the conference. He had a message for

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