In The News

Mel Trotter Ministries Creating New Opportunities in Grand Rapids

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 […]

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The Meadows Selected for Wisconsin Top Rural Development Initiative Honor

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

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NASLEF Appoints First Executive Director

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

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Cinnaire Welcomes Trio of New Board Members

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

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Delaware Catalyst Fund Will Create Affordable Homeownership Opportunities & Build Equitable Neighborhoods Statewide

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

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Cinnaire Awarded $4.9 Million CDFI Fund Equitable Recovery Program Grant

Award Will Advance Equitable Development in Underserved Communities Throughout the Midwest & MidAtlantic Regions Cinnaire has announced the organization has received a $4.9 million Equitable Recovery Program (ERP) grant from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund. The competitive grant program was designed to provide funding to CDFIs to expand lending,

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Cinnaire Solutions Joins Mariners Inn, City of Detroit Breaking Ground on Supportive Recovery Housing

$24 million project will help more metro Detroiters battle substance use with residential treatment program. In addition to housing, The Anchor will allow for job-training, medical and health clinic, emergency shelter and more. New building will rise on existing campus, doubling its capacity while expanding services. Cinnaire Solutoins joined Mariners Inn, City of Detroit Mayor

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Comment Letter to FHFA on FHLB System

  With the Federal Home Loan Bank (FHLB) System approaching their centennial, the Federal Housing Finance Agency (FHFA) has been reviewing the FHLB System “to ensure they remain positioned to meet the needs of today and tomorrow.” As a CDFI member of the FHLB of Chicago, Cinnaire participated in an FHFA roundtable and submitted comments in March,

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Jumpstart Wilmington Grad Celebrates Grand Opening of Mixed-Use Affordable Housing Project in Wilmington

Building Developed by Jumpstart Wilmington Graduate Provides 10-Units of Apartment Homes for Seniors Father/daughter development team Marva Hammond and Charlie Falletta joined with Cinnaire, local officials and community members to celebrate the grand opening for the Southbridge Community Services Building (SBCS) this week. The SBCS is a newly developed, mixed-use project with the first phase

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