In The News

Cinnaire Awarded $4.8 Million Capital Magnet Fund Grant from the Community Development Financial Institutions Fund

The U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund has awarded Cinnaire $4.8 million in Capital Magnet Fund grants. The competitive grants are awarded to CDFIs and nonprofit housing organizations to develop and rehabilitate affordable housing for low-, very-low and extremely low-income families. Cinnaire was one of 48 organizations nationwide to receive a […]

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Advancing Communities Podcast: Protecting Affordable Rental Properties from Abusive Practices

Podcast slide on Affordable Housing

In this episode of Cinnaire’s Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley is joined by NASLEF’s Bobby Rozen, a longtime advocate for affordable housing in Washington who was involved in the crafting of the original Low Income Housing Tax Credit (LIHTC) program in 1986 and has been closely involved with the evolution of the program over

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Pancake Palooza – Serving up a Virtual Good Time to Help Homeless Families in Need

Cinnaire CEO Mark McDaniel Competes to Support Homeless Families at Haven House The 2021 Haven House Pancake Palooza is coming up on Saturday, February 20th, from 9:00 – 10:00 a.m. The event is going virtual this year but still promises to be a a fun-filled, high-energy event that the whole family can enjoy! Haven House

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Cinnaire Solutions & Partners Break Ground on $7.2 Million Plan to turn Transfiguration School into Affordable Housing

Transfiguration Place Apartments will Provide 19 Affordable Homes for Detroit Residents  Mayor Mike Duggan and the Detroit Housing & Revitalization Department joined developers Ethos Development Partners and Cinnaire Solutions to kick off the $7.2 million renovation of the former Transfiguration School in the Banglatown neighborhood that will see the historic building turned into affordable housing.

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Upcoming Webinar: Post-Election Outlook – Impact on Affordable Housing & Community Development

While most federal races were decided in November, this week’s runoff elections in Georgia will determine control of the U.S. Senate and prospects for the Biden Administration’s legislative agenda. Join Jim Peffley, Bobby Rozen, and Shannon Ross for a discussion about the impact of the 2020 election results on the policy landscape in Washington and

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Cinnaire Cares Generates $20,992 to Support Mission-Driven Organizations

Companywide Charitable Giving Program Supports Organizations Throughout Cinnaire’s Footprint  The Cinnaire Cares giving program is a staff-funded and driven initiative that was developed by our employees. The program gives our team members an opportunity to support our mission-driven partners in the communities we live, work and serve. Our employees contribute twice monthly to a fund

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Cinnaire Launches COVID-19 Resident Rental Relief Fund

Cinnaire has established the COVID-19 Resident Rental Relief Fund to provide support to renters throughout our footprint that have suffered financial hardship due to the pandemic. Cinnaire has contributed $250,000 to the fund and Delta Dental, the nation’s largest provider of dental benefits, has announced a $250,000 contribution to Cinnaire’s COVID-19 Resident Rental Relief Fund.

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New Markets Tax Credit Coalition Releases Report Highlighting NMTC Success Stories & State Statistics 

The New Markets Tax Credit (NMTC) Coalition has released a new report, NMTC at Work in Communities Across America, featuring updated state statistics sheets on NMTC efficacy and more than 80 tax credit success stories. From business expansions to new healthcare and childcare facilities, the NMTC program is a flexible incentive for economic development that meets

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Cinnaire & Partners Announce Closing on Financing for First Phase of Riverside Redevelopment

Arial view of a city

Purpose Built Community Will Bring 74 Units of Affordable & Workforce Housing to Wilmington, DE Cinnaire announced the investment of $9.8 million in Low-Income Housing Tax Credit (LIHTC) equity to support the first phase of construction for Riverside Redevelopment, a community-led master-planned redevelopment of Northeast Wilmington’s Riverside neighborhood. The project is a partnership between REACH,

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14 Michigan Banks Generate $16 Million to Develop Affordable Housing in Michigan Communities

Cinnaire and MBA Service Corporation 2020 Community Fund is Largest Joint Fund Yet  Cinnaire and the Michigan Bankers Association Service Corporation (MBASC) recently announced the closing of the partnership’s sixth affordable housing investment fund – the largest fund in its joint history – generating $16 million to support the development and rehabilitation of at least eight

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