The Rauner Family Veterans Apartments received the 2022 Edson Award in the category - Housing for Veterans of the Armed Forces.
"I’m inspired to hear how many of the residents have turned their lives around in large part due to access to affordable housing. This is a huge contribution to veterans across the state of Indiana. This property provides a clear example of how the low-income housing tax credit can be used to meet specific needs.” - U.S. Senator Todd Young
Supporting Veterans Across Cinnaire's Footprint
At Cinnaire, we are committed to creating safe, affordable places that all who have served our country can proudly call home.
More than 37,000 veterans are homeless in the United States. The Low-Income Housing Tax Credit (LIHTC) is one key solution to help address the growing need for affordable homes for our nation’s heroes. In collaboration with the U.S. Department of Veterans Affairs and our partners, Cinnaire has invested in the development of housing designed specifically for veterans throughout our footprint. These investments have contributed to the overall reduction in Veteran homelessness, serving as a model for permanent supportive housing for veterans and receiving national recognition for improving quality of life for veterans.
To honor these heroes, Cinnaire has invested in the development of numerous Veteran housing communities in Michigan and Indiana.
Providing Veterans a safe, secure, and supportive place to call home
Silver Star Apartments
The first affordable housing community for veterans in Michigan, Silver Star Apartments opened its doors to provide veterans a safe, secure, and supportive place to call home. Comprised of two phases, Silver Star provides 76 affordable homes in Battle Creek adjacent to the Battle Creek VA Medical Center. The property includes a basketball court, library and computer center, workout rooms, art classrooms, counseling offices, and a metal and woodshed. Services are provided by Zero Day, a nonprofit founded to help prevent chronic homelessness, provides veterans with accredited vocational training, apprenticeship opportunities, supportive services, life skills mentoring, career coaching, and job placement. To make this development possible, Cinnaire facilitated the provision of LIHTC.
Rauner Family Veterans Apartments
The Rauner Family Veterans Apartments, owned by A Safe Haven Foundation and developed by KMA Companies, provides 75 affordable homes serving formerly homeless veterans with physical and mental disabilities. The property works collaboratively with the nearby Veterans Affairs Medical Center to provide residents with personalized on-site and off-site services and care, such as voluntary case management, intensive employment assistance, life skills training, job placement and coaching, and mentoring and peer support groups. Cinnaire provided a $3.8 million LIHTC investment, a $484,000 predevelopment loan, and a $700,000 permanent loan.
Chambers Park Apartments
Located in Marion, IN, Chambers Park Apartments provides 50 units of permanent, supportive affordable housing for homeless and disabled veterans. It employs a full-time Support Services Coordinator to match residents with support services including on-site case management, employment assistance, life skills training, job placement and job coaching, emergency assistance, crisis intervention, mentoring and peer support groups. Developed by Cinnaire Solutions, the development was made possible through a LIHTC equity investment from Cinnaire and financing through IHCDA, the Department of Housing and Urban Development (HUD), the Federal Home Loan Bank of Indianapolis and the National Bank of Indiana.
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