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 »
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
Norman Towers, an affordable housing community in Monroe, MI, features 109 bright and spacious homes offering independent living options for seniors. The historic property was originally constructed in 1918 as a boarding school and later became the only military boarding school in the State of Michigan. The substantial renovations preserved the historic features of the
Norman Towers Featured in the Monroe News Read More »
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,
Cinnaire Awarded $4.9 Million CDFI Fund Equitable Recovery Program Grant Read More »
$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
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,
Comment Letter to FHFA on FHLB System Read More »
This edition of Policy Pulse is focused on helping you understand the current state of play at the federal and state levels, including what new bill introductions and budget discussions will mean for Cinnaire’s work and the communities we serve. Click here to see Cinnaire’s April 2023 Policy Pulse enewsletter – https://conta.cc/3KcO8qF
Cinnaire’s Policy Pulse – April 2023 Read More »
Cinnaire has been recognized as one of the 2023 Best Nonprofits to Work For by the Nonprofit Times, the leading business publication for Nonprofit Management. This is the ninth time Cinnaire has been honored as one of the nation’s best nonprofits to work for. The Nonprofit Times partners with Best Companies Group to conduct a survey of
Cinnaire Named One of 2023 Best Nonprofits to Work For Read More »
The nearly $24 million development will offer 53 residential homes, including 42 affordable and 11 market rate apartments; and more than 6,000 sq. ft. of retail space when completed in 2024. The project is part of Detroit’s Strategic Neighborhood Fund. Cinnaire Solutions and the Southwest Detroit Business Association (SDBA) held a groundbreaking ceremony along with
Cinnaire Lending, UPMC for You, The Heinz Endowments, and Henry L. Hillman Foundation Partner to Preserve 1,200 Affordable Housing Units PITTSBURGH, PA – In response to rising homebuying and rental costs in Pittsburgh and Allegheny County, two major Pittsburgh Foundations—Henry L. Hillman Foundation and The Heinz Endowments—have partnered with UPMC for You, a Medicaid managed
New $11 Million Loan Pool to Preserve Affordable Housing in Pittsburgh Read More »
Our hearts go out to MSU and we hold the students, their families and the entire MSU and East Lansing community in our hearts. The past 24 hours have been incredibly difficult for me personally. We are all feeling broken by this now all too familiar experience of bullets and bloodshed in our schools and
From the CEO: MSU Tragedy Read More »