Latest News
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 ...
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Upcoming Webinar: Post-Election Outlook – Impact on Affordable Housing & Community Development
While most federal races were decided in November, this week's runoff elections in Georgia will determine control of the U.S. Senate and prospects for the Biden Administration's legislative agenda. Join Jim Peffley, Bobby Rozen, and Shannon Ross for a discussion ...
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Cinnaire Cares Generates $20,992 to Support Mission-Driven Organizations
Companywide Charitable Giving Program Supports Organizations Throughout Cinnaire's Footprint The Cinnaire Cares giving program is a staff-funded and driven initiative that was developed by our employees. The program gives our team members an opportunity to support our mission-driven partners in ...
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Cinnaire Launches COVID-19 Resident Rental Relief Fund
Cinnaire has established the COVID-19 Resident Rental Relief Fund to provide support to renters throughout our footprint that have suffered financial hardship due to the pandemic. Cinnaire has contributed $250,000 to the fund and Delta Dental, the nation's largest provider ...
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New Markets Tax Credit Coalition Releases Report Highlighting NMTC Success Stories & State Statistics
The New Markets Tax Credit (NMTC) Coalition has released a new report, NMTC at Work in Communities Across America, featuring updated state statistics sheets on NMTC efficacy and more than 80 tax credit success stories. From business expansions to new healthcare ...
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Advancing Communities Podcast: COVID & Affordable Housing Management – 2020 Lessons Learned & Outlook for 2021
COVID-19 posed many challenges for affordable housing owners, managers, and tenants in 2020. In this Advancing Communities Podcast, Cinnaire CSO Jim Peffley checks in with Paul Spencer, President & CEO, KMG Prestige and Dana Hanchin, President & CEO, HDC MidAtlantic, two ...
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Cinnaire & Partners Announce Closing on Financing for First Phase of Riverside Redevelopment
Purpose Built Community Will Bring 74 Units of Affordable & Workforce Housing to Wilmington, DE Cinnaire announced the investment of $9.8 million in Low-Income Housing Tax Credit (LIHTC) equity to support the first phase of construction for Riverside Redevelopment, a ...
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14 Michigan Banks Generate $16 Million to Develop Affordable Housing in Michigan Communities
Cinnaire and MBA Service Corporation 2020 Community Fund is Largest Joint Fund Yet Cinnaire and the Michigan Bankers Association Service Corporation (MBASC) recently announced the closing of the partnership's sixth affordable housing investment fund - the largest fund in its joint ...
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Cinnaire Solutions Partners with Olympia Development of Michigan & the City of Detroit to Pursue Advancement of Affordable Housing in Detroit
Cinnaire Solutions, Olympia Development of Michigan, and the City of Detroit jointly announced today a partnership created to explore new affordable housing options in The District Detroit. Brought together by their shared goal of community-minded development, this public-private collaboration will ...
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Serving Those Who Served – Affordable Housing For Veterans
Veterans Day is a holiday honoring those who have served our country. Celebrated on November 11th in honor of the eleventh hour of the eleventh day of the eleventh month of 1918 that signified the end of World War I, ...
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Federal Home Loan Bank of Chicago Awards Cinnaire $2.9 Million in Competitive Affordable Housing Program Funds
The Federal Home Loan Bank of Chicago (FHLBank Chicago) has announced $24.8 million has been granted through its competitive Affordable Housing Program (AHP) to help finance 44 housing projects located in Illinois and Wisconsin. With these awards, FHLBank Chicago is ...
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Please direct media inquiries to:
Corinne Hyzny
SVP, Strategic Communications
302-300-4247 or clicking here
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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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