Passion White was in a tough spot. She was working full-time, but still unable to make ends meet. She lived in a women’s shelter while her children stayed with other family members. Even though she was doing her best, it wasn’t enough. White knew that something needed to change. Enter Delaware Community Investment Corporation (DCIC). […]
GLCF Announces Corporate Acquisition Read More »
Palmer Park Square Wins ‘Best Demonstrates Financial Innovation’ at the Novogradac Journal of Tax Credits Historic Rehabilitation Awards Detroit-based Shelborne Development Company was honored during the Novogradac Journal of Tax Credits conference, held at the MGM Grand Detroit. Kathy Makino-Leipsitz, owner of Shelborne, received the ‘2013 Historic Tax Credit Development that Best Demonstrates Financial Innovation’
Detroit’s Palmer Park Square Receives National Recognition Read More »
Developer: The Salvation Army CDEs: City of Chicago Housing and Economic Development; Cinnaire; Park National Bank Initiatives; Consortium Chicago, Ill. Congratulations to the winners of the 2013 Metro QLICI of the Year award: The Salvation Army Ray and Joan Kroc Corps Community Center and the CDEs of City of Chicago Housing and Economic Development, Cinnaire,
THE SALVATION ARMY RAY AND JOAN KROC CORPS COMMUNITY CENTER CHICAGO Read More »
Gary Heidel, Director of Policy & Market Research at the Michigan State Housing and Development Authority (MSDHA), has been appointed Chief Placemaking Officer for MSHDA. Gary will be responsible for overseeing the Community Development Division, the Downtown and Community Services Division, the State Historic Preservation Office, Urban Revitalization, and Cultural Economic Development. Gary has been at
Longtime MSHDA Leader, Gary Heidel, Accepts New Role Read More »
This year over 50 Cinnaire employees and their families traveled to Hawk Island Park in Lansing, Michigan for the Annual Company Picnic. Games were organized for both young and old to enjoy, and the park’s MANY amenities (including fishing, horseshoes, boat rentals and more) provided a fun-filled day for all.
GLCF Annual Company Picnic Read More »
At the annual statewide conference, IHCDA and IACED, along with their award sponsors and colleagues, recognize organizations and individuals for their outstanding projects and services. Cinnaire was proud to be represented in two of the five award categories given at the conference. Jack Brummett, Senior Vice President with Cinnaire received the Michael Carroll Community Economic
GLCF VP Honored for Affordable Housing Achievements and Contributions Read More »
Cinnaire proudly offered three educational training seminars, “Connecting the Dots with Customer Service,” aiming to enhance the management and maintenance practices in our industry. The free seminars took place in Fort Wayne, Indiana; Mt. Pleasant, Michigan; Madison, Wisconsin and featured three industry experts as speakers. Many thanks to our speakers, Donna Hickey, Mark Cukro, and
Cinnaire is pleased to announce that it has launched a new real estate financing tool, Develop Michigan (DMI), for Michigan-based projects. Develop Michigan will play a dynamic role in financing commercial real estate projects, thus augmenting current efforts to transform and rehabilitate Michigan communities. Develop Michigan is an innovative nonprofit development finance organization formed through
First Michigan-Based Privately Operated Development Finance Organization Launches Read More »
Cinnaire (Cinnaire) is pleased to announce the closing of its most recent fund, Cinnaire for Housing Limited Partnership XXVIII, or Fund 28, with $109 million raised to support affordable housing across the Midwest. Seven investors contributed to Fund 28, comprised of 5 banks and 2 insurance companies. One investor is a first time Housing Tax
GLCF’s Fund 28 Closes – Delivering $109 Million of Capital Across Midwest Read More »
Derrick Collins, Dean for the College of Business at Chicago State University, Joins Community Development Finance Institution Board Lansing — Derrick Collins has joined Cinnaire’s Board of Directors. With an extensive career in finance, investment, and most recently, higher education, Derrick currently serves as the Dean for the College of Business at Chicago State University.
Derrick Collins Joins Great Lakes Capital Fund Board of Directors Read More »
CRAWFORD APARTMENTS PROVIDES QUALITY, AFFORDABLE APARTMENTS FOR PEOPLE WITH DISABILITIES EXPERIENCING CHRONIC HOMELESSNESS Bloomington – Today, Cinnaire, LIFEDesigns Inc., The Shalom Community Center and other partners celebrate the grand opening of Crawford Apartments. Cinnaire (Cinnaire) provided $5.49 million of Housing Credit equity to build Crawford Apartments. LIFEDesigns’ Crawford Apartments will provide twenty-five apartment homes for
GREAT LAKES CAPITAL FUND INVESTS $1.6 MILLION IN AFFORDABLE FAMILY HOUSING, CREATES 36 JOBS SPRINGPORT – Cinnaire (Cinnaire) recently invested $1.6 million to rehabilitate Green Meadows Apartments in Springport, MI. Green Meadows will provide 24 apartment homes for working families. Through construction and recurring costs of operation, Green Meadows is projected to support 36 of jobs
