Making use of existing buildings is a highly efficient means of creating housing and mixed-use spaces, while preserving the history of classic architecture. The federal Historic Tax Credit (HTC) program helps to make such projects feasible.
Cinnaire makes strategic use of the HTC as part of our overall equity and financing packages for eligible rehabilitation projects. We’ve invested in affordable apartments in an historic school building and a 100 year-old Sears department store; luxury lofts and commercial spaces; and a 110-room hotel and retail building.
As with all of our investment and financing activities, Cinnaire people who know and are personally involved in communities make all the difference. Our on-the-ground presence helps us to minimize the risk for our investors and maximize our added value to development partners.