In The News

Cinnaire Comments on New Equitable Housing Plans for Fannie Mae and Freddie Mac

Arial view of a city

Recently, the Federal Housing Finance Agency (FHFA) announced that it would be requiring Fannie Mae and Freddie Mac to prepare Equitable Housing Finance Plans to advance equity in housing finance. In September, the FHFA issued a Request for Input on these plans, including its intention to require Fannie and Freddie to take actions within their power to […]

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Federal Home Loan Bank of Chicago Awards Cinnaire $5.3 Million in Affordable Housing Program Funds

The Federal Home Loan Bank of Chicago (FHLBank Chicago) is granting $29.2 million through its Affordable Housing Program (AHP) General Fund to help finance 49 housing projects located primarily in Illinois and Wisconsin. These funds will support the acquisition, rehabilitation, and new construction of over 2,315 housing units. Cinnaire received a $5.3 million award to

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Luan Nguyen Named Affordable Housing Finance Young Leader

Award Recognizes Rising Stars in the Affordable Housing Industry Luan Nguyen, Asset Stabilization Expert at Cinnaire, has been named a 2021 Affordable Housing Finance (AHF) Young Leader. AHF’s Young Leader Award was established in 2008 to celebrate and support the next generation of difference makers working in the affordable housing industry. The Young Leaders program recognizes industry

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Residents Still Reeling from Hurricane Ida: A Rallying Cry for Affordable Housing

Claymont Apt flooded after IDA

Wilmington DE Families Struggle to Find Homes In early September, the remnants of Hurricane Ida, a deadly and destructive Category 4 Atlantic hurricane, wreaked havoc on 10 city blocks in Wilmington, DE. The storm caused the Brandywine Creek to flood to historic levels, a natural disaster that displaced hundreds of individuals and families living in

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Andy’s Place Receives Charles L. Edson Tax Credit Excellence Award

Announcement of Andy's Place Edson Award

Nation’s First Permanent Recovery Supportive Housing Development Recognized as Outstanding Development in the Special Needs Category  Andy’s Place in Jackson, MI, has received the Charles L. Edson Tax Credit Excellence Award in the Special Needs Category. The Edson awards recognize outstanding developments and organizations that have demonstrated especially meaningful impactful use of the Low Income Housing

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Cinnaire & Partners Celebrate Grand Opening for State-of-the-art Marygrove Early Education Center in Detroit

Marygrove Early Childhood Education Center Provides Transformative Cradle-to-Career Educational Opportunities for Detroit Families  Cinnaire recently joined our partners from Starfish Family Services, the Kresge Foundation, IFF, Capital Impact Partners, Northern Trust and MBS Urban Initiatives to virtually celebrate the grand opening for the Marygrove Early Education Center in Detroit. In a first for Detroit’s children,

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Sherita Smith Joins Cinnaire Detroit as Vice President, Community Development

Sherita Smith has been appointed Vice President, Community Development, at Cinnaire. In this position, Sherita will be taking the helm implementing Cinnaire’s targeted investment strategy for Detroit, establishing and maintaining relationships with local partners and funders to advance Cinnaire’s Priority City initiatives. “Sherita has a long history serving Detroit neighborhoods with more than 20 years

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NMTC Brings Investment to Low-Income Communities – Let’s Make this Tool Permanent

The New Markets Tax Credit (NMTC) has proven to be a successful public-private partnership with broad bipartisan support to bring impactful investments to communities that need it most. Today, we’re sharing the story of Mott Community College’s (MCC) Culinary Arts Institute in Flint. Through creative local partnerships and a NMTC investment provided by Cinnaire, MCC was able

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Cinnaire Announces $175.7 Million Fund to Support Affordable Housing

Cinnaire has announced the closing of a $175.7 million Low Income Housing Tax Credit (LIHTC) fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in 5 states. Nine investors are participating in the fund, which is Cinnaire’s largest multi-investor equity fund since 2016. “Cinnaire’s new team leading

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Cinnaire’s Permanent Recovery Supportive Housing Initiative Receives Affordable Housing Finance Readers’ Choice Award

The Affordable Housing Finance annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments in ten categories. Projects are selected based on impact on a community, role in overall revitalization or social change, offering outstanding social services and addressing unique challenges. Cinnaire is pleased to announce Andy’s Place, in Jackson, MI, has received the

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Cinnaire Announces $60 Million New Markets Tax Credit Award From U.S. Treasury CDFI Fund

Student in kitchen of Mott's Culinary Arts Training Program

Award Will Spur Projects Focused on Education and Job Creation in Disinvested Communities The US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. Since 2009, Cinnaire is an eight-time NMTC recipient with awards totaling more than $419 million. Cinnaire manages an

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