In The News

The Capital Magnet Fund (CMF) offers competitively awarded grants to finance affordable housing solutions and community revitalization efforts that benefit low-income people and communities nationwide. A recent report about CMF’s accomplishments showed the remarkable impact CMF has created for communities: $1.8 billion leveraged in other investment by the public and private sector (a 20:1 ratio) […]

The Building Michigan Communities Conference (BMCC) announced Jim Logue is the 2017 recipient of the Terrence R. Duvernay award. Recognized as a pinnacle for any career in the affordable housing industry, the Terrence R. Duvernay Award commemorates the lifelong commitment of the past executive director of the Michigan State Housing Development Authority (MSHDA). As the

Cinnaire staff recently joined in celebrating the completion of Phase I of the Flats and the kickoff to construction of Phase II in Wilmington, DE. We are excited to partner with the development team and our federal, state and city officials to revitalize this historic Westside Wilmington neighborhood. Photos provided by: HDC MidAtlantic  

The Nonprofit Times (NPT), the leading business publication for Nonprofit Management, recently released the Best Nonprofits for work for in 2017. For the third time, Cinnaire was selected for this prestigious list, with a ranking of #36 on the top 50 Best Nonprofits overall and #20 on the Best Medium Nonprofits (50-249 employees). The seventh

Cinnaire recently provided $7M as part of an $18.5M New Market Tax Credit investment to support a new facility for Cristo Rey St. Martin (Cristo Rey), a Catholic college preparatory high school serving all faiths and backgrounds that exclusively enrolls low-income students in North Chicago and Waukegan. The school will realize a net benefit to

Capital Area Housing Partnership (CAHP) recently purchased homes at 316 Madison and 231 Lathrop in Lansing with plans to fully renovate the homes for qualified first time homebuyers. The Michigan State Housing Development Authority (MSHDA) and the City of Lansing’s Department of Development/Planning provided financing to allow the substantial renovation of these homes. “Our staff

The Michigan Chamber of Commerce recently featured Rick Laber, Cinnaire Executive Vice… President and Develop Michigan Inc. President, in the fall edition of the Quarterly Report. Please click here to read the feature!

Recently, Cinnaire joined the Michigan Certified Development Corporation (MCDC) to provide grant funding to support the Metro Community Development Fund (Metro). In partnership with the Michigan Economic Development Corporation (MEDC) and Huntington Bank, Metro has established a $2M loan fund to provide capital to micro and small businesses. The loans will be in the range

Last week, Cinnaire staff and partners joined to collect 294 food items to donate to the Greater Lansing Food Bank (GLFB). GLFB is a nonprofit organization that provides emergency food to individuals and families in need in Ingham, Eaton, Clinton, Shiawassee, Clare, Isabella and Gratiot counties. Food is distributed through an extensive network of food