In The News

Over the last few weeks as Cinnaire’s leadership team has been managing through the challenges presented almost daily with the COVID 19 crisis, I’m repeatedly drawn to the fact that we are living through an unprecedented milestone in history.  It is challenging professionally and personally for each of us. It has also caused me to reflect […]

Annual Award Program Honors the Best Employers in the Industry Cinnaire announced today the company has been recognized as a 2020 Best Nonprofit to Work For by the Nonprofit Times, the leading business publication for nonprofit management. This is the sixth time Cinnaire has received this honor, with a 2020 ranking of #38 of the top

Cinnaire has announced Brett S. Oumedian, CPA has been appointed Chief Financial Officer (CFO) effective April 1st, 2020. Brett will succeed Christopher Cox who served Cinnaire since 1995 and announced his retirement in January. Brett brings more than 15 years of financial expertise to the role, serving most recently as Cinnaire’s controller for the past

In January, Mark Pinsky and I launched CDFI Friendly America, a new way of bringing the value of CDFIs flexible capital and know-how to America’s small cities and towns. We are excited to introduce a new strategy to make it easier for CDFIs to work in smaller communities by helping leaders in those towns and

Preservation Partnership to identify affordable housing across Detroit that is at risk of going market rate and working to keep it affordable The City of Detroit’s Housing & Revitalization Department (HRD) announced today the formation of the Preservation Partnership, a major step in its commitment to preserve affordable housing in the city while also improving

Cinnaire has been awarded a $7 million Capital Magnet Fund grant from the U.S. Department of Treasury’s CDFI Fund. The grant was announced as part of $130.9 million awarded to 38 nonprofit housing organizations and CDFIs for the development of affordable housing and community facilities in low-income communities. Cinnaire received the second largest award in

Cinnaire CEO Mark McDaniel Competes to Retain Pancake Palooza Champion Title The 2020 Haven House Pancake Palooza is coming up on Saturday, February 22nd, from 8:00 – 10:00 a.m. at the East Lansing Applebee’s. This year, Mark McDaniel joins fellow star servers Sister Pat Newhouse, Christal Canfield, Jim Patterson, Curtis Hertel Jr., Nicole-Noll Williams, and

New Markets Tax Credit Brings Life Back to Iconic Public Market Cinnaire has announced an $11 million New Markets Tax Credit (NMTC) allocation to support the revitalization of the Lexington Market in Baltimore, MD. The 238-year old market will undergo a $40 million transformation to create a modern gathering place for all of Baltimore and

Cinnaire was featured in a recent issue of Tax Credit Advisor. A leading industry magazine, Tax Credit Advisor provides comprehensive coverage on all aspects of the development and financing of affordable rental housing, historic preservation, and economic development projects using federal and state tax credits and other resources. “Land Bank” Enables Transit-Oriented Housing By: Mark Fogarty A