Cinnaire Solutions and Olympia Development of Michigan’s Henry Street redevelopment proposal has received a Low-Income Housing Tax Credit (LIHTC) from the Michigan State Housing Development Authority (MSHDA). The LIHTC will support the affordable housing aspects of the Henry Street proposal. The Henry Street proposal would revitalize all seven 1920s-era historic buildings which sit on a […]
More than 150 aspiring developers apply for training program benefiting Wilmington residents Since the Jumpstart Wilmington program was first launched in October 2020, 39 emerging developers have completed the intensive four-week training program through five sessions. The purpose of Jumpstart Wilmington is to promote the growth of local developer capacity through training and development to support neighborhood
Jumpstart Wilmington Completes First Four Development Training Sessions Read More »
The Commercial Real Estate Diversity Report, released in 2013, found the industry to be one of the least diverse in the U.S. To help affect change on a local level, Cinnaire Solutions, Olympia Development of Michigan and the Detroit Public Schools Community District have partnered with Project Destined, a social impact program, to offer a
Paul’s Place-Groundwork Kitchen Honored as Small Business QLICI of the Year Ten community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credit QLICIs of the Year Awards. The awards honor CDEs who strive for excellence in community development. Cinnaire received the Small
Cinnaire Captures Novogradac QLICI of the Year Award Read More »
U.S. Department of Treasury’s CDFI Fund Announced the Awards with Vice President Harris, Treasury Secretary Janet Yellen, Senator Mark Warren and Representative Waters The U.S. Department of Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs) through the departments CDFI Rapid Response Program (CDFI RRP). The grants will be
Cinnaire’s New Markets Tax Credit Funding Provides Financial Support for Workforce Development Center in Indianapolis, IN Cinnaire joined Ivy Tech Community College, PNC Community Partners Inc., Indianapolis Redevelopment CDE and community leaders this week to celebrate the grand opening of the Ivy Tech Automotive Technology Center. The $14 million project is one of the $176 million in
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In the City of Wilmington, the challenges posed by systemic racism are nothing new. Wilmington’s neighborhoods have been particularly harmed by the legacy of racist policies that have fueled segregation and a vicious cycle of disinvestment, leading to the devaluation of assets and a large number of vacant properties that contribute to crime and instability
Kinser Flats Includes 50-units of Housing for Homeless Families and Individuals Cinnaire recently joined Centerstone, a non-profit health system providing mental health and substance use disorder treatments, to celebrate the virtual grand opening for Kinser Flats, a 50-unit affordable housing development paired with support services for homeless families and individuals with substance abuse disorders or
New Development Offers Affordable Housing and Support Services in Bloomington, IN Read More »
New members will enhance board’s focus on creating healthy, vibrant communities and expanding economic opportunity for underserved people Cinnaire has announced three new members have joined the organization’s Board of Directors. The new board members will provide strategic direction supporting continued growth around Cinnaire’s unwavering belief that all people deserve the opportunities to live in
Cinnaire Welcomes Three New Board Members Read More »
Mission First Housing Group, a family of nonprofit organizations working together to ensure everyone has a safe, affordable place to call home, recently announced New Market West was honored with awards from the Philadelphia Association of Community Development Corporations (PACDC) and the Philadelphia Business Journal. New Market West is a four-story, LEED certified 90,000 square
Mission First Housing Group Announces New Market West Honored With Prestigious Awards Read More »
In this episode of the Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley continues his three-part series examining a growing crisis in the affordable housing industry where private equity funds or other investors are seeking windfall returns at Year 15. By ignoring Right of First Refusal agreements and forcing owners to either make large payment plans
Each month, 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
Advancing Communities Podcast: Impact Jobs – CDFIs 101 for Young Professionals Read More »
