Cinnaire Building Blocks President Christopher Laurent recently took part in celebrating the 2016-2017 Associates in Commercial Real Estate (ACRE) graduating class. The ACRE program is an industry-supported initiative that recruits and retains minorities for professional careers in the field of commercial real estate. The ACRE program was created by Professor Mark Eppli and the Marquette University College […]

United States Senator Chris Coons (DE) and the Delaware State Housing Authority (DSHA) Director Anas Ben Addi joined Susan Frank, Cinnaire Senior Vice President, and supporters of affordable housing to advocate for continued HUD Community Development Block Grant (CDBG) and Home Investment Partnership Program (HOME) federal funding this morning at The Village at McKee Branch

Chicago, IL, and Lansing, MI – June 1, 2017 – The Federal Home Loan Bank of Chicago (FHLBC) today announced that Cinnaire, a full-service community development financial institution (CDFI) and member of the FHLBC, was named a Community First®  Fund (CFF) partner and is the recipient of a $3 million, 10-year loan. The CFF is a

Hollander Development Corporation recently completed a rehabilitation of Gateway Village, a 100-unit development consisting of townhouses and apartments. Cinnaire provided a $4.8M Low Income Housing Tax Credit (LIHTC) equity investment and a $3.4M mortgage loan through Fannie Mae’s Multifamily Green Program. The development team includes Intrepid Professional Group, InForm Architecture and Wolverine Building Group. Improvements

Last week, Cinnaire joined forces with the Opportunity Finance Network (OFN), a network of more than 90 national Community Development Financial Institutions (CDFIs) to participate in Advocacy Day in Washington, DC.  Advocacy Day was an opportunity for CDFIs from across the country to gather in the capitol to meet with members of Congress to discuss

The Capital Magnet Fund (CMF) offers competitively awarded grants to finance affordable housing solutions and community revitalization efforts that benefit low-income people and communities nationwide. A recent report about CMF’s accomplishments showed the remarkable impact CMF has created for communities: $1.8 billion leveraged in other investment by the public and private sector (a 20:1 ratio)

The Building Michigan Communities Conference (BMCC) announced Jim Logue is the 2017 recipient of the Terrence R. Duvernay award. Recognized as a pinnacle for any career in the affordable housing industry, the Terrence R. Duvernay Award commemorates the lifelong commitment of the past executive director of the Michigan State Housing Development Authority (MSHDA). As the

Cinnaire staff recently joined in celebrating the completion of Phase I of the Flats and the kickoff to construction of Phase II in Wilmington, DE. We are excited to partner with the development team and our federal, state and city officials to revitalize this historic Westside Wilmington neighborhood. Photos provided by: HDC MidAtlantic  

The Nonprofit Times (NPT), the leading business publication for Nonprofit Management, recently released the Best Nonprofits for work for in 2017. For the third time, Cinnaire was selected for this prestigious list, with a ranking of #36 on the top 50 Best Nonprofits overall and #20 on the Best Medium Nonprofits (50-249 employees). The seventh

Cinnaire recently provided $7M as part of an $18.5M New Market Tax Credit investment to support a new facility for Cristo Rey St. Martin (Cristo Rey), a Catholic college preparatory high school serving all faiths and backgrounds that exclusively enrolls low-income students in North Chicago and Waukegan. The school will realize a net benefit to