Far too many veterans in the United States struggle to find an affordable place to call home. More than 37,000 veterans are homeless. At Cinnaire, we are committed to creating safe, affordable places to call home for all who have served our country. But we cannot solve this problem alone.
The federal Low Income Housing Tax Credit (LIHTC) has been essential to addressing this need. Using the Housing Credit, Cinnaire has invested in the development of five veteran housing communities in Michigan and Indiana designed specifically for veterans’ needs. Developed in collaboration with the U.S. Department of Veterans Affairs (VA), these high-quality communities provide special features and support services that create positive outcomes for veterans and foster a powerful sense of community.
The Housing Credit is a proven, effective tool for financing the production and preservation of affordable housing, resulting in 3.5 million affordable homes. It is particularly important for meeting the needs of our veterans. By enacting the bipartisan Affordable Housing Credit Improvement Act, Congress can take major steps to help our veterans to obtain safe, stable and affordable homes.