Cinnaire, A Trusted lending partner
INNOVATIVE IDEAS AND POWERFUL SOLUTIONS
Access to quality and affordable homes is a critical component to creating healthy communities. Cinnaire Lending offers a broad toolkit of products to support housing development, economic development and healthy communities. Leveraging LIHTC, NMTC and Historic Tax Credits, we are able to finance affordable real estate projects that create opportunities in low-income communities.
Federal Home Loan Bank of Chicago
Cinnaire is a member of the Federal Home Loan Bank of Chicago (FHLBC), giving our clients access to its full suite of products. An important product for rental properties is the Affordable Housing Program, or AHP, which awards grant subsidies through a competitive process. These valuable grants, which do not have to be paid back, provide gap funding for affordable rental projects and dovetail well with LIHTC funding.
Cinnaire is a cooperative owner in CPC Mortgage Company, the first-of-its-kind nonprofit multifamily mortgage lender with multiple licenses with Freddie Mac, Fannie Mae and HUD/FHA. Through CPC Mortgage, we have a one-stop-shop providing our borrowers with a team of originators, analysts and underwriters solely dedicated to the multifamily Agency lending process.
Capital Magnet Fund
Cinnaire Capital Magnet Fund (CMF) program supports efforts to leverage private investment to finance supportive housing and community development projects in underserved communities. CMF funds provides borrowers access to flexible financing to acquire, rehabilitate or preserve affordable housing projects and community facilities in competitive markets.
Low-Income Housing Tax Credits
The Low-Income Housing Tax Credit (LIHTC) is the nation’s largest and most successful tool for encouraging private investment in the production and preservation of affordable rental housing. It has been an essential element in Cinnaire’s affordable housing toolkit since our founding.
Since 1993, Cinnaire has invested $5.7 billion to revitalize communities, resulting in more than $10.1 billion in community impact. The Cinnaire family of companies have supported 1,008 housing developments, provided 63,000 affordable homes and created or retained more than 92,000 jobs.
Home Office - Lansing
1118 South Washington
Lansing MI, 48910
320 North Meridian, Suite 516
Indianapolis IN, 46204
100 W. 10th Street, Suite 502
Wilmington, DE 19801
225 West Washington, Suite 1350
Chicago, IL 60606
10 E. Doty Street, Suite 617
Madison, WI 53703
100 Cesar E. Chavez Ave., Suite 202
Grand Rapids, MI 49503
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Detroit, MI 48201
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Milwaukee, WI 53202