In The News

Cinnaire Provides $5M Pre-Development Line of Credit to Michaels for 700+ Homes

Cinnaire Lending has announced the closing of a $5 million revolving pre-development line of credit to The Michaels Organization, a national leader in residential real estate with full-service capabilities in development, property management, construction and investment. The line of credit will enable Michaels to advance its mission of creating sustainable, affordable housing solutions for communities in […]

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Policy Pulse – June 2024

This edition of Policy Pulse provides updates on major developments at the federal level that could have significant impacts on affordable housing and community development.  Read about state budget and policy legislation throughout Cinnaire’s footprint, steps the Biden Administration is taking to boost the housing supply, a federal appropriations update, and details on the HOME

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Webinars to Update Partners on Next Steps for Climate United: Multifamily Approach

Cinnaire is pleased to share two upcoming webinars to inform partners on accessing National Clean Investment Funds to support greener multi-family housing. The sessions are hosted by our multifamily agency lending partner, CPC Mortgage, a member of the Climate United collaborative recently awarded $6.97 billion in funding from the EPA’s Greenhouse Gas Reduction Fund. Our partners are invited to join CPC

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Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States

Infographic with charts showing States' investments and audiences the housing will serve

Low-Income Housing Tax Credit fund will create or preserve more than 1200 affordable homes across the Midwest Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. The fund comprises 14 investors and will support the creation or preservation of 1,228 affordable

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Cinnaire Advances Economic Equity Through Youth Development Initiatives

Cinnaire is dedicated to advancing economic equity and actively supports organizations that empower the next generation and foster economic success. Junior Achievement (JA) is a global youth-serving organization that plays a vital role in preparing young people for future job opportunities. By providing innovative and hands-on learning experiences in financial literacy, work readiness and entrepreneurship,

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Cinnaire Celebrates the Grand Opening of Two New Affordable & Supportive Housing Developments in St. Paul, MN

Cinnaire joined our partners from Project for Pride in Living and Emma Norton Services to celebrate the grand opening for Restoring Waters and Nellie Francis Court, two new affordable housing developments in St. Paul’s Highland Bridge development. Project for Pride in Living (PPL), an equitable and inclusive organization committed to elevating the voices of the

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Advancing Communities Podcast: Asset Management With A&M – Troubled Assets

Coverslide of asset management podcast with Kristin bolan

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM). In this month’s podcast, Identifying and Managing Troubled/Special Assets,

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Cinnaire Holds Groundbreaking for The Collective on Fourth In La Crosse

Exterior of The Collective on 4th Apartment complex

Cinnaire Solutions and Northernstar Companies Development to Provide 62 Units of Mixed-Income Housing  On May 8, 2024, Cinnaire Solutions and the Northernstar Companies broke ground on a $16 million new construction multi-family housing development in La Crosse, WI. The Collective on 4th will offer 62 mixed-income residences in partnership with the City of La Crosse, reactivating a

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Cinnaire Recognized With DEI+B Excellence Award

Cinnaire has been named the 2024 recipient of the prestigious Lansing Regional Chamber of Commerce (LRCC) Diversity Star award. The award honors organizations that demonstrate a solid commitment to advancing equity and creating inclusive environments, champion efforts for diversity and equitable practices in the workplace and beyond, support underserved and underrepresented employees and communities and

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Climate United Awarded $6.97B Grant from National Clean Investment Fund 

Affordable housing building with solar panels on roof and solar flowers in lawn

$2.5B to Support Greener Multi-Family Projects Through Cinnaire Partner Community Preservation Corporation   Cinnaire is thrilled to share the news that Climate United has been selected to receive nearly $7 billion of funding from the EPA’s Greenhouse Gas Reduction Fund (GGRF). Climate United is a CDFI coalition comprised of Community Preservation Corporation (CPC), Calvert Foundation and

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Advancing Communities Podcast: Asset Management With A&M – The Developer’s Perspective

Graphic for Podcast episode 3 of AM with A&M

Cinnaire’s Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM). In this month’s podcast, April

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Policy Pulse – March 2024

This Edition of Policy Pulse provides updates on major developments at the federal level that could have significant impacts on affordable housing and community development.  Read about: the tax package with major housing credit remains stalled, federal spending legislation providing funding for HUD and USDA programs, and state and local policy innovations. Click here to

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