Chicago-based Capital Fund Services (CFS), a related company of Great Lakes Capital Fund, sourced permanent financing totaling near $4,000,000 on a Fort Wayne Indiana portfolio totaling 138 units. “We were able to bring the needed debt capital to a very long term client of the firm which allowed them to enhance bottom line cash […]
Each year after our incredibly hard-working team closes a fund, we get to ring this very authentic, celebratory “gong.” Cinnaire would like to give an extra special thanks to the thirteen investors who contributed. We look forward to working with all of you on the next Fund and the one after that! CapFund’s Capital Raising Team
GLCF Hits The Gong For Fund 29 Read More »
Fund 29 Delivers Essential Equity to 23 Projects in Five States Cinnaire (Cinnaire) is pleased to announce the closing of its most recent fund, Cinnaire for Housing Limited Partnership 29, or Fund 29, with $138.5 million raised to support affordable housing across the Midwest. Thirteen investors contributed to Fund 29, comprised of 12 banks and
Great Lakes Capital Fund Closes $138.5 Million Affordable Housing Fund Read More »
GROUNDBREAKING CEREMONY CELEBRATES UNPRECEDENTED PUBLIC TRANSIT SYSTEM IN DETROIT This September, business leaders, foundations, government officials and Detroit residents celebrated the groundbreaking for the M-1 RAIL Streetcar project. An unprecedented public-private partnership and model for regional collaboration, the M-1 RAIL Streetcar project is the first major transit project led and funded by private businesses and
Detroit’s M-1 RAIL Ride to Completion Officially Begins Read More »
Late September, Cinnaire, Genesis Non Profit Housing Corporation, development partners and new residents celebrate the grand opening of Genesis Woods Apartments special needs housing. Genesis Woods Apartments provides 33 apartment homes for people who are formerly homeless, have special needs, and/or who are physically disabled. All the apartments are fully leased. Click here to see
Capital Fund Title Services and development partners from Kincaid Henry Building Group and the Ingham County Land Bank, are pleased to announce the beginning of construction for the historically sensitive redevelopment of the long vacant former Shopping Guide buildings in downtown Mason, Mich. In late September, development partners, business leaders and local government officials celebrated
Construction begins on Abandoned Civil War-Era Building Downtown Mason, Mich. Read More »
Hope Woods Senior Apartments is anything but old and tired after ten years of operation. The lively residents in Kalamazoo, Michigan threw themselves a ten year anniversary party this September to celebrate all of the things that make Hope Woods the perfect place to call home. If you want to see what a real “community”
Ten Years a Family: Hope Woods Senior Community Living Celebrates Ten Year Anniversary Read More »
NH&RA Announces Winners and Finalists for 2014 Historic Rehabilitation Awards Cotton Buildings, Vinegar Warehouse and Vacant Hotel Preserved for New Uses A group of former cotton press buildings redeveloped into housing and retail, a distressed Art Deco hotel preserved as permanent supportive housing, and a vinegar warehouse converted to an art gallery are among the innovative projects chosen
Patriot’s Day 2014 was a special day for Veterans in Detroit, Michigan. A beautiful new park was dedicated at Piquette Square, one of Cinnaire’s housing and support-services development serving formerly homeless Veterans. The new park represents yet another investment in Detroit Veterans, and allows the residents of Piquette to better enjoy the site’s limited green
Patriot’s Day 2014 Read More »
Cinnaire recently invested $6M of Housing Credit Equity to build The Courtyard of Fort Wayne in Fort Wayne, Indiana. The project will be located on the site of the former Duemling Clinic – a large multi-story former medical building that has been vacant for over 20 years. The blighted ruins of the building were a
Great Lakes Capital Fund Invests $6M in Supportive Housing Read More »
Development partners, government officials, including Representative Tim Walberg, and investors celebrated the grand openings of two newly renovated apartment homes, Kalamink Creek in Webberville and Green Meadows Apartments in Springport, Michigan. Partnerships across public, private and the non-profit sector have enabled major renovations, totaling over $2 million, to the affordable housing stock in the Springport
Representative Tim Walberg joins GLCF in Grand Opening Celebrations Read More »
Cinnaire is proud to release Issue 2 of Avenues to Affordability, our quarterly publication covering the latest topics and trends in the community development space. This quarters’ news centers around Develop Michigan Inc., or DMI, a non-profit, development finance organization driving economic development projects across the State of Michigan. DMI is a collaborative effort led
GLCF Magazine, Avenues to Affordability, Explores Develop Michigan, Inc. (DMI) Read More »
