Cinnaire has announced the appointment of three new Board members. The new members join the organization’s Board of Directors to provide strategic direction supporting continued growth around Cinnaire’s commitment to investing in people and places to transform communities. “Sarida, Fred and Amandula have each demonstrated a remarkable commitment to our mission and industry,” said Mark […]
Cinnaire Welcomes Three New Board Members Read More »
Low-Income Housing Tax Credit fund will create nearly 1,500 affordable homes in five states Cinnaire announced today the closing of the Cinnaire Fund for Housing (Fund 39), a $151 million multi-investor Low-Income Housing Tax Credit fund. The fund will support the creation of 1,464 affordable homes across 14 new construction and rehabilitation projects in five
Cinnaire Closes $151 Million in Committed Capital for Equity Fund Read More »
Cinnaire Solutions and the Grandmont Rosedale Development Corporation joined Detroit Mayor Mike Duggan and Detroit City Council President Pro Tem James Tate today to announce that renovations have begun on Grandmont Rosedale Park Collective II in Detroit’s Grandmont Rosedale neighborhood. The development, at 9710 W. Outer Drive, will renovate two vacant buildings, bringing 35 new
Cinnaire launched Women Empowered to Build (WE Build) in December of 2020 in the Detroit market to provide mentoring and capital to Black- and women-led development firms to accelerate the fundability, stability, and growth of their real estate development business. Throughout the last two years, Cinnaire provided technical assistance to the first cohort of WE
WE Build Celebrates Inaugural Graduation Read More »
Keith Broadnax, Cinnaire Senior Vice President, Business Development, has been awarded the Coalition for Homelessness Intervention and Prevention (CHIP) Champion Award. The award celebrates an individual who embodies dedication and commitment to CHIP’s mission and champions the work of CHIP in the community. CHIP’s mission is to mobilize, advocate, and empower community collaboration towards ending
Keith Broadnax Honored as CHIP Champion Read More »
Cinnaire’s NMTC Investment Honored as Real Estate QLICI of the Year Fifteen community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credits QLICIs of the Year Awards. The awards honor CDEs who strive for excellence in community development. Cinnaire received the
The Freelon at Sugar Hill Captures Prestigious Novogradac QLICI Award Read More »
Mel Trotter Ministries (MTM) and its subsidiary, Next Step of West Michigan, have been selected to receive New Markets Tax Credits (NMTC) from Cinnaire, Michigan Community Capital (MCC), Chase, and Consortium America. The tax credits will support a multi-site development which includes two buildings at the Next Step campus on Garden Street SE in Grand
Mel Trotter Ministries Creating New Opportunities in Grand Rapids Read More »
The Meadows, a new construction affordable housing community in Darlington, WI, has been selected to receive the Wisconsin Rural Partners, Inc. 2023 Top Rural Development Initiative award. Cinnaire Solutions partnered with Southwestern Wisconsin Community Action Program (SWCAP) to develop the affordable housing development designed exclusively to support agriculture and farmworkers and their families. “The Meadows
The Meadows Selected for Wisconsin Top Rural Development Initiative Honor Read More »
Michelle Foster Tasked to Build on NASLEF Strengths, Build Opportunities for Members The National Association of State and Local Equity Funds (NASLEF) announced the appointment of Michelle Foster as its first full-time executive director. With 16 years of experience in analysis and engagement, Michelle will significantly elevate the network by leveraging her expertise to amplify
NASLEF Appoints First Executive Director Read More »
Cinnaire has announced three new members have joined the organization’s Board of Directors to provide strategic direction supporting continued growth around Cinnaire’s commitment to investing in people and places to transform and create healthy communities. As recognized leaders in the public, business, and nonprofit sectors, Cinnaire’s board members bring a broad base of knowledge, experience
Cinnaire Welcomes Trio of New Board Members Read More »
FOCUS Magazine is the Lansing Regional Chamber of Commerce’s monthly business publication designed to keep members up-to-date on economic, business and member news, and Chamber events and services while also keeping members informed on legislative and industry happenings. Cinnaire CEO Mark McDaniel recently sat down with the Lansing Chamber to share his expertise and weigh
FOCUS Magazine – The Impact of the Housing Crisis Read More »
Cinnaire has announced the first funding round for the Delaware Catalyst Fund, a $20 million fund investing in affordable housing in Delaware communities, will open May 15th. The Catalyst Fund is a partnership between Cinnaire and the Delaware State Housing Authority (DSHA) designed to address vacant property in communities in Delaware disproportionately impacted by the
