Transforming a Historic Midland Site into a Vibrant New Community Cinnaire is proud to partner with River Caddis Communities (RCC) and the Capital Area Housing Partnership (CAHP) to finance The Dean – Apartments at Eastlawn (“The Dean”), a $59 million affordable and workforce housing development that will transform the former Eastlawn School site in Midland, […]
Cinnaire Invests in The Dean Apartments at Eastlawn Read More »
Cinnaire team members recently joined Junior Achievement (JA) for an immersive volunteer day at JA Finance Park, an interactive program that gives students a firsthand look at managing personal finances. The experience helps middle and high school students step into “real life” adult roles, create monthly budgets, and make decisions around housing, transportation, utilities, groceries,
Cinnaire Team Brings Financial Literacy to Life at Junior Achievement’s Finance Park Read More »
Wellspring Apartments Breaks Ground in Southfield, Michigan 72-unit affordable housing community to provide permanent supportive housing for individuals and families in recovery. Community leaders, housing advocates, and public officials gathered in October to celebrate the groundbreaking of Wellspring Apartments, a new 72-unit affordable housing development in Southfield, Michigan, designed to serve individuals and families in
Wellspring Apartments Breaks Ground in Southfield, Michigan Read More »
Andy’s Place Phase II expands nation-leading recovery housing model to support expectant families in recovery. Community leaders, recovery advocates, and public officials gathered in Jackson, Michigan, to celebrate the grand opening of The McDaniel Apartments at Andy’s Place II, a major expansion of Michigan’s first Permanent Recovery Supportive Housing (PRSH) initiative. The newly completed development
Grand Opening Celebration for The McDaniel Apartments at Andy’s Place II Read More »
This edition of Policy Pulse provides updates on federal appropriations, CDFI Fund award delays, Federal housing policy reforms, State policies and Cinnaire Advocacy in Action. Click here to see Cinnaire’s September 2025 Policy Pulse enewsletter – https://conta.cc/3VfIMkj
Policy Pulse – September 2025 Read More »
Cinnaire has announced the closing of a $12 million Low-Income Housing Tax Credit (LIHTC) equity investment as well as $23.5 million loan with their partners CPC Mortgage Company to support the preservation and rehabilitation of Countryside Townhouses, a 146-unit affordable housing community in Kentwood, Michigan. The financing package also included a nearly $3 million equity
Cinnaire is pleased to announce that Josh Ghena has been named Interim President of Cinnaire Equity Partners. Josh succeeds Ryan Robinson, who will be retiring from his role as President on August 31, 2025 after an impactful career with Cinnaire. Over the past decade, Josh Ghena has been a driving force within our Equity business
Investor appetite, evolving expectations and the importance of strong partnerships are reshaping the standards in LIHTC investment. In the latest Novogradac Journal of Tax Credits, Josh Ghena, Senior Vice President of Equity Management at Cinnaire, examines how trust, transparency and thoughtful structuring are driving today’s investor engagement strategies. The article includes perspectives from Mark McDaniel,
Building Trust, Structuring Returns: The New Standard in LIHTC Investment Read More »
According to the latest Michigan Future Business Index (MFBI) survey, conducted among 644 small to medium-sized businesses statewide (with 514 completing the survey), concerns over inflation and tariffs are on the rise, while optimism about the economy and business growth is fading. The once-upward trajectory in key performance indicators such as sales, profits, hiring, wages,
Each year, Affordable Housing Finance (AHF) honors the best in affordable housing development through its AHF Readers’ Choice Awards, recognizing outstanding projects that demonstrate innovation, impact and a strong commitment to expanding access to high-quality, affordable homes. Each project is unique and highlights the diverse range of affordable housing for families, seniors, formerly homeless individuals
Two Cinnaire Projects Named Affordable Housing Finance Readers’ Choice Awards Finalists Read More »
New 31-Unit Development Will Bring Affordable, Family-Focused Housing to Historic Community City officials, community leaders, and development partners gathered yesterday to break ground on Preston Townhomes, a transformative housing development that will deliver 31 new two- and three-bedroom townhomes to Detroit’s historic Islandview neighborhood. The project is being developed on the former site of Detroit
Detroit Celebrates Groundbreaking of Preston Townhomes in Islandview Neighborhood Read More »
Cinnaire has named Katey Forth as Chief Operating Officer (COO), a strategic leadership appointment announced as the organization closed its largest Low-Income Housing Tax Credit (LIHTC) fund to date. The $340 million multi-investor fund will finance 33 developments across 11 states, creating 2,455 affordable housing units for more than 5,400 individuals and generating over $844
Cinnaire Names Katey Forth Chief Operating Officer Read More »