Chris Neary, Cinnaire’s Senior Vice President for Policy, Research, and Advocacy, provides an update on the Inflation Reduction Act, CRA Reform, Federal Policy Items on Our Radar and more in the latest issue of Policy Pulse. Click here to see the August 2022 edition of Cinnaire’s Policy Pulse https://conta.cc/3A74D2z
Cinnaire’s Policy Pulse – August 2022 Read More »
The Community Reinvestment Act (CRA) remains a driving force behind private sector investment in underserved communities, including Cinnaire’s work to raise capital through equity investments and lending. The CRA has fundamentally been successful at increasing the level of bank activity that serves low- to moderate-income (LMI) communities and has been essential to the success of
Cinnaire Comments on CRA Reform Read More »
Sector-Defining Partnership of Nonprofit Companies Bring Social Responsibility Lens to Mortgage Lending With Focus on Affordable, Workforce Housing Today, Cinnaire, The Community Preservation Corporation (CPC) and National Equity Fund (NEF) announced a joint partnership in CPC Mortgage Company, a national mortgage lending company specializing in multifamily Agency finance products. This first-of-its-kind cooperative leverages the resources and
Two of Cinnaire’s investments have been selected as finalists for the 2022 Affordable Housing Finance (AHF) Readers’ Choice Awards. Kinser Flats, a 50-unit supportive housing project in Bloomington, IN, is a finalist in the Special Needs category and 1300 Residences, a 50-unit senior and veterans housing project in River Falls, WI, is a finalist in the Green
Two Cinnaire Projects Named Affordable Housing Finance Readers’ Choice Finalists Read More »
Early Childhood Center Financed by NMTC Provides Transformative Cradle-to-Career Educational Opportunities for Detroit Families Cinnaire is pleased to announce its NMTC development, Marygrove Early Education Center, has been selected as honorable mention for the 2022 Novogradac Journal of Tax Credits Metro QLICI of the Year Award. The award program recognizes organizations that have made exceptional qualified
In a recent statewide survey of 536 small to medium sized businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated inflation is the number one challenge to doing business in Michigan, knocking acquiring talent out of the top spot for the first time in nearly a decade. The semi-annual MFBI was commissioned
The U.S. Department of Treasury’s CDFI Fund has awarded Cinnaire $10 million through the Capital Magnet Fund, a competitive grant program designed to support the creation and preservation of affordable housing. The CDFI Fund Fiscal Year 2021 awards total $336.4 million to 59 organizations, marking the largest award round since the creation of the Capital
Ivy Tech Automotive Technology Center One of Five Businesses Receiving 2022 Novogradac Journal of Tax Credits Award Cinnaire has announced its NMTC development, Ivy Tech Automotive Technology Center in Indianapolis, has been recognized with a prestigious 2022 Novogradac Journal of Tax Credits Real Estate QLICI of the Year Award. The Novogradac Journal of Tax Credits Community Development QLICIs
Cinnaire NMTC Development Recognized with National Real Estate QLICI of the Year Award Read More »
Gaylord, a small community in Northern Michigan, was recently devastated by a tornado. The 150-MPH EF-3 storm wreaked havoc across the region, destroying businesses and neighborhoods, and displacing individuals and families. Following the storm, the Boys and Girls Club of Alpena sprang into action, opening their gym as a local drop site for donations to
Cinnaire Cares – Gaylord Strong Read More »
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers, and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by
Cinnaire’s Keith Broadnax and Lucius Vassar recently joined Mayor James Mueller, City Council members, community leaders, Property Bros LLC and CDFI Friendly South Bend to announce $500,000 in financing to bring safe, high quality, and affordable homes to South Bend, IN. At a time when more than one in four households struggle to pay rent,
For the second consecutive year, Cinnaire is partnering with the Detroit Public Schools Community District (DPSCD) to offer a six-week paid internship program to 20 Detroit high school students through Project Destined, a social impact program empowering the next generation of real estate owners and developers. An estimated 100 million Americans lack financial or investment
