Latest News
Affordable Housing Finance Announces Readers’ Choice Finalists
Award Honors Top Affordable Housing Developments Nationally Affordable Housing Finance (AFH) recently announced 36 inspiring developments have been named finalists in this year's AHF Magazine Readers' Choice Awards. Each project is unique and showcases the range of housing provided for ...
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Cinnaire Joins Statewide Leaders to Present Results for Q2 2021 Michigan Future Business Index Survey
Report Shows Optimism for Future Business Growth, But Challenges Remain In a recent statewide survey of 617 small to medium-sized businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated business is on the rebound with optimism for ...
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Cinnaire Solutions & Olympia Development of Michigan Henry Street Proposal Earns LIHTC Support
Cinnaire Solutions and Olympia Development of Michigan's Henry Street redevelopment proposal has received a Low-Income Housing Tax Credit (LIHTC) from the Michigan State Housing Development Authority (MSHDA). The LIHTC will support the affordable housing aspects of the Henry Street proposal. ...
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Jumpstart Wilmington Completes First Four Development Training Sessions
More than 150Ā aspiring developers apply for training programĀ benefiting Wilmington residentsĀ Since the Jumpstart Wilmington program was first launched in October 2020, 39 emerging developers have completed the intensive four-week training program through five sessions. The purpose of Jumpstart Wilmington is ...
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Cinnaire and Partners Launch Project Destined Real Estate Program in Detroit Public Schools
The Commercial Real Estate Diversity Report, released in 2013, found the industry to be one of the least diverse in the U.S. To help affect change on a local level, Cinnaire Solutions, Olympia Development of Michigan and the Detroit Public ...
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Cinnaire Captures Novogradac QLICI of the Year Award
Paul'sĀ Place-Groundwork Kitchen Honored as Small Business QLICI of the YearĀ Ten community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credit QLICIs of the Year Awards. ...
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Cinnaire Awarded $1.8 Million to Support Economic Relief in Underserved Communities Affected by COVID
U.S. Department of Treasury's CDFI FundĀ Announced the Awards with Vice President Harris, Treasury Secretary Janet Yellen, Senator Mark Warren and Representative Waters The U.S. Department of Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 community development financial ...
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Grand Opening for Ivy Tech Automotive Technology Training Center
Cinnaire's New Markets Tax Credit Funding Provides Financial Support forĀ Workforce Development Center in Indianapolis, IN Cinnaire joined Ivy Tech Community College, PNC Community Partners Inc., Indianapolis Redevelopment CDE and community leaders this week to celebrate the grand opening of ...
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Homeownership and Development Policies ļ»æto Reverse the Legacy of Discrimination and Disinvestment in Wilmington
In the City of Wilmington, the challenges posed by systemic racism are nothing new. Wilmingtonās neighborhoods have been particularly harmed by the legacy of racist policies that have fueled segregation and a vicious cycle of disinvestment, leading to the devaluation ...
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New Development Offers Affordable Housing and Support Services in Bloomington, IN
Kinser Flats Includes 50-units of Housing for Homeless Families and IndividualsĀ Cinnaire recently joined Centerstone, a non-profit health system providing mental health and substance use disorder treatments, to celebrate the virtual grand opening for Kinser Flats, a 50-unit affordable housing ...
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Cinnaire Welcomes Three New Board Members
New members will enhance board's focus on creating healthy, vibrant communities and expanding economic opportunity for underserved peopleĀ Cinnaire has announced three new members have joined the organization's Board of Directors. The new board members will provide strategic direction supporting ...
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Mission First Housing Group Announces New Market West Honored With Prestigious Awards
Mission First Housing Group, a family of nonprofit organizations working together to ensure everyone has a safe, affordable place to call home, recently announced New Market West was honored with awards from the Philadelphia Association of Community Development Corporations (PACDC) ...
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Advancing Communities Podcast: Private Investors Seeking Windfall Returns at Year 15 – Opa-locka CDC Wins Key Lawsuit in Florida
In this episode of theĀ 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'sĀ 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 legislationĀ (H.R. 2573Ā /Ā 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 nationās largest provider of ...
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Cinnaire & CDFI Friendly America Launch CDFIs 101: Impact JobsĀ Series to Educate Socially Conscious Young ProfessionalsĀ on Careers in the CDFI IndustryĀ
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 āĀ Ā The Stockholm Manor Story and Its Implications for Affordable Housing NationwideĀ The Low-Income Housing Tax Credit (LIHTC) ProgramĀ has been a significant source of new multifamily housing for ...
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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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