In The News

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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Longtime MSHDA Leader, Gary Heidel, Accepts New Role

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

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GLCF Annual Company Picnic

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.      

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GLCF VP Honored for Affordable Housing Achievements and Contributions

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

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“Connecting the Dots with Customer Service” From Fort Wayne to Mt. Pleasant to Madison! GLCF Delivers FREE Training and Educational Seminars

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

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First Michigan-Based Privately Operated Development Finance Organization Launches

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

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GLCF’s Fund 28 Closes – Delivering $109 Million of Capital Across Midwest

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

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Derrick Collins Joins Great Lakes Capital Fund Board of Directors

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.

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