In The News

Gateway Village Receives Governor’s Energy Excellence Award

Cinnaire is pleased to announce Gateway Village was among eight organizations and individuals recently recognized at the Governor’s Energy Excellence Awards (GEEA) for their extraordinary efforts to reduce energy waste. Located in Sturgis, MI, Gateway Village received the Best Commercial Project. Earlier this year, Hollander Development Corporation completed a rehabilitation of Gateway Village, a 100-unit […]

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Cinnaire Receives Community Development Financial Institution Fund Award

Financial Assistance Award will Support Cinnaire’s Mission to Create Healthy, Vibrant Communities The Community Development Financial Institution (CDFI) Fund recently announced its FY 2017 Awards. A total of $208.7 million was distributed to CDFIs in 46 states and the District of Columbia. Cinnaire received a $976,500 Financial Assistance (FA) award. The CDFI Fund provides FA

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Cinnaire Appoints Director of Lending, Asset Management and Vice President, Equity Capital Raising

Trey Phillips has been appointed Director of Lending, Asset Management, in the company’s Chicago, IL, office. In this new position, Trey will be responsible for managing the oversight of Cinnaire’s lending portfolio. Trey will develop and implement strategy to mitigate against risk across Cinnaire’s multiple product lines, as well as multiple geographic areas. Trey will ensure

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Cinnaire MidAtlantic Annual Meeting – A Bold Plan for Reimagining Delaware

Cinnaire recently hosted the company’s MidAtlantic Annual Meeting. The meeting provided MidAtlantic developers, investors, community leaders and community revitalization organizations an opportunity to discuss affordable housing and community development in Delaware. Cinnaire’s Susan Frank, Dionna Sargent and Hughlett Kirby outlined Cinnaire’s achievements in the past year. Jim Peffley, Cinnaire Executive Vice President, spoke about the

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Cinnaire joins Center City Housing Corporation to Celebrate Grand Opening for Park Place Apartments

New Apartment Community Designed to Provide Supportive Services and Affordable Housing in Bemidji, MN Cinnaire recently joined Center City Housing Corporation to celebrate the grand opening for Park Place Apartments. Located in Bemidji, MN, Park Place Apartments is an innovative supportive housing development that provides safe, stable housing with services. Forty units serve adults with

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Cinnaire Celebrates Groundbreaking Ceremony for Mysa House

New Affordable Apartment Community will provide Housing and Services for Seniors in Mora, MN Cinnaire recently joined developer D.W. Jones, Inc, Mora Mayor Jack L’Heureux, the Minnesota Equity Fund (MEF), Mora Housing and Redevelopment Authority (HRA) and community leaders to celebrate the groundbreaking for Mysa House in Mora, MN. Mysa House is a new senior

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University of Affordability 2017 Recap

First Responders: Stop, Drop and Roll into the 2017 University of Affordability Conference first re·spond·er: Someone designated or trained to respond to an emergency The 2017 University of Affordability attendees enjoyed a super kickoff to the conference – Mark McDaniel, AKA Captain America, provided an entertaining start to the conference. He had a message for

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Develop Michigan Inc. Provides $5.6 Million Financing – The Element Detroit at the Metropolitan Building

DMI has announced the closing of a $5.6 Million subordinated mortgage to support the renovation of the Metropolitan Building at 33 John R Street, Detroit, MI into a 110-room extended stay hotel with first floor retail operations. The property, which will be operated under the Starwood brand, will be known as the Element Detroit at

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Cinnaire’s 2017 Mid-Atlantic Annual Meeting

Thank you to our sponsors! Cinnaire’s Mid-Atlantic Annual Meeting provides our partners with an opportunity to build and strengthen relationships in the affordable housing and community development industries. Susan Frank, Senior Vice President and Mark McDaniel, President and CEO, will discuss Year-to-Date accomplishments and priorities for 2018. Wilmington Mayor Mike Purzycki is the luncheon keynote

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Cinnaire Cares: Hurricane Task Force

In response to the devastation caused by Hurricanes Harvey and Irma, Cinnaire has established an internal Hurricane Relief Task Force At Cinnaire, we believe that all people deserve to live in safe, healthy, vibrant communities. Our commitment to advancing communities extends beyond providing access to capital, creative loans and investments. Our strength as an organization is fueled

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Cinnaire President & CEO Receives Prestigious Award

Mark McDaniel Honored as Industry Champion for Lasting Contributions to the Affordable Housing Industry Cinnaire recently announced that president and CEO Mark Mcdaniel has been named for induction into the Affordable Housing Finance (AHF) Affordable Housing Hall of Fame. Recognized as being industry champions, pioneers, leaders and advocates for better housing programs and policies, the AHF

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Cinnaire Recognized as a Crain’s Detroit Business Cool Place to Work

Award Honors top Michigan Companies that Provide Exceptional Employee Benefits and Unique Workplace Environment Cinnaire was recently named as a Crain’s Detroit Business Cool Place to Work. This is the fourth time Cinnaire has been selected for this prestigious list. The annual list is compiled by Crain’s and Best Companies Group. The voluntary program is

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