In The News

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 […]

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

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

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

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.

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

WEBBERVILLE – Cinnaire (Cinnaire) recently invested $1.7 million to rehabilitate Kalamink Creek in Webberville. Kalamink Creek Apartments will provide 24 for working families. Through construction and recurring costs of operation, Kalamink Creek is projected to add 36 jobs to the Webberville and the surrounding region. Additionally, the $1.7 million investment of Housing Credit equity will