In The News

Cinnaire Announces Key Leadership Promotions

Headshots of J. Everhart, D. Strong Hill and R Robinson

Jennifer Everhart Named Chief Impact Officer; Donsia Strong Hill Named Executive Vice President of Equitable Engagement & Impact Strategies; and Ryan Robinson, President, Cinnaire Syndication Cinnaire announced the promotion of several team members to key new leadership positions in alignment with the organization’s long term strategic plan. These new executive level positions will support Cinnaire’s […]

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Ubuntu Fund Secures $55 Million Investment from Prominent Financial Institutions to Create Pathways for Equitable Access

Cinnaire has announced the closing of the $55 million Ubuntu Fund, an equitable access fund developed to support affordable housing development with underinvested developers in the Midwest region. The creation of this fund was made possible through the investments of leading financial institutions – JPMorgan Chase, PNC Bank, KeyBank, and Fifth Third Bank. The fund

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Cinnaire Supports CARH Scholarship Foundation

Cinnaire staff at CARH presentation

The Council for Affordable and Rural Housing (CARH) serves stakeholders in the affordable housing industry and works to ensure low-income residents of rural America have access to safe, reliable and affordable housing. Cinnaire recently announced a $20,000 donation supporting the CARH Scholarship Foundation, a program providing college scholarships to students who reside in CARH-member properties.

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Cinnaire Celebrates MLK Day with Dr. Martin Luther King Jr. Commission of Mid-Michigan

Cinnaire was proud to join our partners from the Dr. Martin Luther King Jr. Commission of Mid-Michigan to host the 39th Annual MLK Day of Celebration at the Lansing Center. The event, one of the largest and longest running celebrations in the country, featured keynote speaker Ruby Bridges, a civil rights advocate, along with gospel

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Fifth Third Bank Loan Opens Doors for Cinnaire’s Community Development Work in IL, MI

Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank. Cinnaire Lending will leverage Fifth Third’s $5 million commitment to provide financing to developers for the rehabilitation and construction of affordable for-sale homes, multifamily housing and community facilities in Illinois

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WE Build Program Launches to Foster Growth in Detroit Women Developers

Ten women developers posing around a table

Historically, women have faced barriers to success in the commercial real estate development industry. Cinnaire, in collaboration with the Women’s Sustainable Development Initiative (WSDI), is addressing those barriers with the launch of the Women Empowered to Build (WE Build) Program in Detroit. This pioneering initiative is a yearlong free training and mentoring program kicking off

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Cinnaire Joins Michigan Business Network to Present Results for Q4 2023 Michigan Business Future Index Survey

In a recent statewide survey of 609 small to medium-sized businesses, respondents to the latest Michigan Future Business Index (MFBI) indicated concerns over wage inflation, supply chain issues, and overall inflation continue to shrink. While sales and profits hit record lows over the past year, data indicates there are brighter days ahead, based on small

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Cinnaire Closes Funds Totaling $193 Million, Committing Capital for Affordable Housing in Ten States

  Fund Closings Brings Total Equity Investments Raised in 2023 to $417 Million Cinnaire has announced the closing of two Low-Income Housing Tax Credit funds totaling $193 million. These multi-investor funds – Cinnaire Fund for Housing (Fund 40) and Cinnaire Fund for Housing Mid-Atlantic 8 (MA8) – will support the creation of preservation of 1,849

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Advancing Communities Podcast: Asset Management With A&M – Defining Asset Management

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) bringing together experts in the asset management industry to discuss issues, share strategies and provide resources to professionals working in the AM field. In this month’s podcast, April and Miranda invite

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Cinnaire Receives $5 Million FHLBank Chicago Award to Support Affordable Housing in Illinois, Wisconsin

An award totaling $5 million will allow Cinnaire to support -five affordable housing projects in the Midwest including the acquisition, rehabilitation and construction of 269 units. The developments will be across Illinois and Wisconsin, with an emphasis on housing people with disabilities, people experiencing homelessness and senior citizens.  The Affordable Housing Program (AHP) grants come

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Advancing Communities Podcast: Asset Management with April & Miranda

In their new series on Cinnaire’s Advancing Communities podcast, AM With A&M, April Priebe (A) and Miranda Bialk (M) will be introducing listeners to the world of asset management (AM). April is an asset manager for Cinnaire’s special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years

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