In The News

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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Cinnaire Named a 2021 Crain’s Detroit Business Cool Place to Work

Award Recognizes Michigan Companies Providing Unique Workplace Culture & Exceptional Benefits For the eighth consecutive year, Cinnaire has been named one of Crain’s Detroit Business Cool Places to Work in Michigan. With Michigan offices in Lansing, Detroit, and Grand Rapids, Cinnaire is ranked #37 out of 100 organizations on the 2021 Cool Places list announced today. The Cool Places to

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Cinnaire Announces $52 Million Mid-Atlantic Capital Fund Closing

Cinnaire announced today the closing of the organization’s 2021 Mid-Atlantic Low Income Housing Tax Credit (LIHTC) Fund. The $52 million fund will bring more than 570 units of affordable housing to communities across Delaware, Maryland, New Jersey and Pennsylvania. Cinnaire has partnered with insurance companies and financial institutions throughout the Mid-Atlantic to raise more than

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Partner Profile – Dara Kraay Grady, Property Manager, Continental Management

Continental Management, a longtime partner of Cinnaire, believes in investing in people first and fostering a community where employees and residents can grow personally and professionally. Continental’s on-site professionals provide daily service to residents and demonstrate the company’s commitment to quality through their dedicated management of the properties. Dara Kraay Grady, Property Manager at NWI

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Cinnaire Cares Generates $23,406 to Support Mission-Driven Organizations

Companywide Charitable Giving Program Supports Diverse Nonprofit Organizations Across Cinnaire’s Footprint  Cinnaire Cares, our companywide staff-funded charitable giving program, was developed by our employees through the Staff Engagement Committee to support our mission-driven partners in the communities where we live, work and serve. Our employees contribute twice monthly to a fund established to support staff

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Prosperity Indiana Leader Member Highlight Featuring Keith Broadnax

Keith Broadnax, Cinnaire Senior Vice President, Business Development, was recently featured in the Prosperity Indiana newsletter Leader Highlight. Prosperity Indiana is a statewide membership organization for the individuals and organizations strengthening Hoosier communities. Since its founding in 1986, Prosperity Indiana has grown to approximately 200 members, currently representing 900 community economic development practitioners from public,

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Affordable Housing Finance Announces Readers’ Choice Finalists

Award Honors Top Affordable Housing Developments Nationally Affordable Housing Finance (AFH) recently announced 36 inspiring developments have been named finalists in this year’s AHF Magazine Readers’ Choice Awards. Each project is unique and showcases the range of housing provided for families, seniors, formerly homeless persons, and those with special needs. The projects must have been

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Cinnaire Joins Statewide Leaders to Present Results for Q2 2021 Michigan Future Business Index Survey

Report Shows Optimism for Future Business Growth, But Challenges Remain In a recent statewide survey of 617 small to medium-sized businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated business is on the rebound with optimism for the future, but it will be next year before most are fully recovered. Small business

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