Latest News
Advancing Communities Podcast: Private Investors Seeking Windfall Returns at Year 15 – Opa-locka CDC Wins Key Lawsuit in Florida
In this episode of the Advancing Communities Podcast, Cinnaire's Chief Strategy Officer Jim Peffley continues his three-part series examining a growing crisis in the affordable housing industry where private equity funds or other investors are seeking windfall returns at Year 15. ...
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Advancing Communities Podcast: Impact Jobs – CDFIs 101 for Young Professionals
Each month, Cinnaire's Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective ...
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Affordable Housing Credit Improvement Act Introduced in Congress
On April 15th, a bipartisan group of Members of Congress introduced the Affordable Housing Credit Improvement Act (AHCIA). This legislation (H.R. 2573 / S. 1136) would expand and strengthen the Low-Income Housing Tax Credit (Housing Credit), providing as many as 2,015,000 additional affordable ...
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Cinnaire Launches Resident Rental Relief Fund to Support Families Impacted by COVID 19
Cinnaire has announced the launch of the Resident Rental Relief Fund (RRRF) to support families struggling to make rental payments as a result of COVID 19. Cinnaire contributed $250,000 to the fund and Delta Dental, the nation’s largest provider of ...
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Cinnaire & CDFI Friendly America Launch CDFIs 101: Impact Jobs Series to Educate Socially Conscious Young Professionals on Careers in the CDFI IndustryÂ
Community development financial institutions (CDFIs) are on a mission to deliver creative financing solutions to support low-income people while creating positive social change and economic impact for underserved communities. COVID-19 and the racial inequities brought to light in the past ...
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Advancing Communities Podcast: When Investors Seek Windfall Returns from Affordable Housing, Underserved Communities Pay the Price
When investors seek windfall returns from affordable housing, underserved communities pay the price –  The Stockholm Manor Story and Its Implications for Affordable Housing Nationwide The Low-Income Housing Tax Credit (LIHTC) Program has been a significant source of new multifamily housing for ...
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Cinnaire Recognized as Best Nonprofit to Work For
Cinnaire recently announced the company has been recognized as one of the 2021 Best Nonprofits to Work For by the Nonprofit Times, the leading business publication for Nonprofit Management. This is the seventh time Cinnaire has received this honor. The survey and ...
Read More Cinnaire Stands with the Asian, Asian American & Pacific Island Community Against Racism, Injustice & Hate
We at Cinnaire lift our voices in condemnation of the abhorrent violence against Asian, Asian American, and Pacific Island community members as exemplified by the recent murders of eight people in Atlanta, Georgia, six of whom were Asian women. We ...
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Woodbridge Neighborhood Development & Cinnaire Solutions Seek Proposals for Mixed-Income Development in Detroit
Projects Adds Housing Variety to Support Residents at all Life and Economic States Through Equitable Development Woodbridge Neighborhood Development (WND) and Cinnaire Solutions have partnered in a multi-phase redevelopment plan in the historic Woodbridge neighborhood of Detroit. The partnership's goal ...
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Cinnaire’s Policy Pulse: American Rescue Plan, Troubling Trends in the LIHTC Industry & More
Chris Neary, Cinnaire's Vice President for Policy, Research and Advocacy, provides an update on the American Rescue Plan, addressing abuses in the LIHTC industry, and additional updates from Washington. Â
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Advancing Communities Podcast: Prosperity Now CEO – Closing the Racial Wealth Divide
Black History Month may be over but Cinnaire's focus on honoring Black History and fostering social equity continues. Throughout 2021 we will continue to highlight the importance of investing in Black communities and the work that still needs to be ...
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Cinnaire Awarded $4.8 Million Capital Magnet Fund Grant from the Community Development Financial Institutions Fund
The U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund has awarded Cinnaire $4.8 million in Capital Magnet Fund grants. The competitive grants are awarded to CDFIs and nonprofit housing organizations to develop and rehabilitate affordable housing for low-, ...
Read More Cinnaire’s Comments on CRA Reform
The Community Reinvestment Act (CRA) remains a driving force behind private sector investment in underserved communities, including Cinnaire's work to raise capital through equity investments and lending. Last year, the Federal Reserve Board indicated it would go forward with its ...
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Advancing Communities Podcast: Protecting Affordable Rental Properties from Abusive Practices
In this episode of Cinnaire’s Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley is joined by NASLEF’s Bobby Rozen, a longtime advocate for affordable housing in Washington who was involved in the crafting of the original Low Income Housing Tax Credit (LIHTC) ...
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Celebrating Black History Throughout the Year
The month of February is usually a time for us to collectively pause and honor the achievements of Black Americans who came before us, to celebrate the powerful contributions the Black community has made, and to recognize the impact those ...
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Pancake Palooza – Serving up a Virtual Good Time to Help Homeless Families in Need
Cinnaire CEO Mark McDaniel Competes to Support Homeless Families at Haven House The 2021 Haven House Pancake Palooza is coming up on Saturday, February 20th, from 9:00 - 10:00 a.m. The event is going virtual this year but still promises ...
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Advancing Communities Podcast: Post-Election Outlook
This special edition of Advancing Communities is a recording of a webinar Cinnaire hosted this week highlighting the impact of the 2020 election on federal policy, and what it means for the affordable housing and community development industries. The webinar featured ...
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Cinnaire Solutions & Partners Break Ground on $7.2 Million Plan to turn Transfiguration School into Affordable Housing
Transfiguration Place Apartments will Provide 19 Affordable Homes for Detroit Residents Mayor Mike Duggan and the Detroit Housing & Revitalization Department joined developers Ethos Development Partners and Cinnaire Solutions to kick off the $7.2 million renovation of the former Transfiguration ...
Read More Media Inquiries
Please direct media inquiries to:
Corinne Hyzny
SVP, Strategic Communications
302-300-4247 or clicking here
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Cinnaire In Action
Silver Star Apartments is an 85-unit permanent supportive housing facility, providing veterans a safe, secure, and supportive place to call home. Located in Battle Creek, Michigan, Silver Star is adjacent to the Battle Creek VA Medical Center and serviced in-house by Zero Day. Zero Day offers veterans accredited vocational training, apprenticeship opportunities, supportive services, life skills mentoring, career coaching, and job placement. Cinnaire invested $16.7 million in Low-Income Housing Tax Credits.
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