In The News

Detroit’s Historic Cass Plaza and Davenport Buildings Hold Groundbreaking Ceremony, Celebrate $17 Million Family Housing Development

Midtown Detroit Development Projected to Support 109 Jobs and Add 47 Quality, Affordable Apartment Homes for Detroit Families through Historic Renovations In April of 2014, Cinnaire, Cass Corridor Neighborhood Development Corporation, Ginosko Development Co., and other development partners broke ground on Cass Plaza and the Davenport Building’s along Detroit’s Historic Cass Corridor. The redevelopment of […]

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Lincoln Apartments Selected as AHF Finalist for 2014 Readers’ Choice Awards

Affordable Housing Finance (AHF) has announced the finalists for its 10th annual Readers’ Choice Awards for the nation’s best developments of 2013-2014 — and one of Cinnaire’s own made the list. The Lincoln Apartments of Indianapolis, Indiana is competing in the Special Needs category, whose winner will be determined by the readers of Affordable Housing Finance. AHF Readers’

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Thank you to our Sponsors

Cinnaire would like to thank all of our sponsor that helped make our University of Affordable Housing Conference possible! They include: Arthur J. Gallagher & Co. Blystone & Bailey, CPAs, P.C. Community Research Services, LLC Continental Management Co. Crestline Communities Dauby, O’Connor, Zaleski, LLC Federal home Loan Bank of Indianapolis Ginosko Development Co. Gordan Advisors,

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Capital Fund Services Funds Acquisition Loan to Preserve Indiana Affordable Housing Stock

Chicago-based Capital Fund Services (CFS), a related company of Cinnaire, closed on an acquisition loan for the purchase of a 36-unit multi-family housing development in Portland, Indiana in the amount of $616,500, at a rate of 4.75% for PK Housing, a long-standing client of Cinnaire. “We are very excited to acquire our first Indiana property,”

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Register Now for GLCF’s Annual Education Conference!

Cinnaire is pleased to present its annual education conference, “University of Affordable Housing.” May 21-22, 2014 Hilton Garden Inn South Bend, Indiana Management Companies, Property Managers, Maintenance Professionals, Developers, Investors and Partners are all encouraged to attend. This event is supported by our partner, Property Management Association of Michigan, to promote strong education in the

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Lafayette Place Lofts Receives 2013 Prestigious “Timmy” Award for Historic Housing

A former Sears Department Store built in the 1920s converted to loft-style apartments, an Anytime Fitness and a fresh food market in Pontiac, Michigan along with the NSO Bell Building in Detroit, Michigan were two of the three Judges’ Award winners for the 2013 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation (Timmy Awards).

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Logue Elected to Board of Directors of the Federal Home Loan Bank of Indianapolis

James L. Logue III, Chief Operating Officer of Cinnaire, was recently elected to the Board of Directors at the Federal Home Loan Bank of Indianapolis (FHLBI). He is one of eight “independent” directors from organizations in Indiana and Michigan with specialized knowledge in finance, housing or community development, joining directors elected from among the FHLBI’s

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Detroit’s Palmer Park Square Receives National Recognition

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’

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THE SALVATION ARMY RAY AND JOAN KROC CORPS COMMUNITY CENTER CHICAGO

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,

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