Latest News
Cinnaire and Michigan Bankers Association Announce New LIHTC Equity Fund
Over the past 12 years, Cinnaire has partnered with the MBA Service Corporation to create five LIHTC equity funds. These five funds totaling $58 million were supported by 27 community banks to help finance the new construction or rehabilitation of ...
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COVID-19 Special Series Podcast: Addressing the Challenges Facing Affordable Housing Developers, Managers & Lenders
In this COVID-19 Special Series episode of Advancing Communities Podcast, Cinnaire CSO Jim Peffley talks with Steve Spears, CFO of Mercy Housing, a national nonprofit developer, manager, and lender of affordable housing properties. Jim and Steve discuss the challenges diverse organizations ...
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Special Series Podcast: CDFI Continuity & COVID-19
Navigating and Learning through Uncharted Territory Panel In this Special Series Episode of the Advancing Communities Podcast, Cinnaire CSO Jim Peffley digs deep into the impact of COVID-19 on CDFIs and the partners we serve. Five experienced CDFI leaders candidly share ...
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CDFI Continuity & COVID-19: Watch the Webinar Recording
In this informative CDFI Continuity & COVID-19 Webinar, five experienced CDFI leaders candidly share their strategies, best practices and experience on navigating and learning through COVID-19. View the webinar and learn their front line perspectives on: Experiences they are addressing ...
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COVID-19 Special Series Podcast: Affordable Housing Managers Address the Serious Challenges the Crisis Presents
COVID-19 has created many challenges for affordable housing owners, managers, and tenants. In this Special Series episode of Advancing Communities Podcast, Cinnaire CSO Jim Peffley digs deep into some of these challenges with Paul Spencer, President & CEO, KMG Prestige and ...
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Cinnaire/CDFI Friendly America – Free Webinar, Thursday, April 16
CDFI Continuity & COVID-19 Navigating & Learning this Uncharted Territory CDFIs are resilient, with decades of experience lending in all economic conditions. Our experience navigating the economic repercussions of the 2008 recession make CDFIs uniquely positioned to provide leadership and ...
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Lessons Learned from the 2008 Housing Crisis: Listen. Plan. Navigate. Rest. Repeat.
Over the last few weeks as Cinnaire’s leadership team has been managing through the challenges presented almost daily with the COVID 19 crisis, I’m repeatedly drawn to the fact that we are living through an unprecedented milestone in history. It ...
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Cinnaire Recognized as Best Nonprofit to Work For by the Nonprofit Times
Annual Award Program Honors the Best Employers in the Industry Cinnaire announced today the company has been recognized as a 2020 Best Nonprofit to Work For by the Nonprofit Times, the leading business publication for nonprofit management. This is the sixth ...
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Cinnaire Names New Chief Financial Officer
Cinnaire has announced Brett S. Oumedian, CPA has been appointed Chief Financial Officer (CFO) effective April 1st, 2020. Brett will succeed Christopher Cox who served Cinnaire since 1995 and announced his retirement in January. Brett brings more than 15 years ...
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Advancing Communities Podcast – The COVID-19 Crisis: How Housing & Community Development Fit into Washington’s Policy Response
The COVID-19 outbreak has resulted in a dramatic and unprecedented policy response from Washington. What does this response mean for affordable housing and community development? In this episode, Cinnaire CSO Jim Peffley is joined by a panel of national community development policy ...
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Adina Abramowitz & Mark Pinsky: CDFI Friendly America
In January, Mark Pinsky and I launched CDFI Friendly America, a new way of bringing the value of CDFIs flexible capital and know-how to America's small cities and towns. We are excited to introduce a new strategy to make it ...
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Advancing Communities Podcast – The COVID-19 Crisis: What it means for the Community Development and Affordable Housing Industries
Join Cinnaire CSO Jim Peffley and longtime CDFI industry leaders Adina Abramowitz and Mark Pinsky for this extremely relevant discussion on the COVID 19 pandemic and early thoughts regarding how it is impacting the affordable housing and community development industries. ...
Read More Cinnaire Implements Remote Work Plan for All Staff in Response to COVID-19 Virus
At Cinnaire, our first and foremost priority is the health and safety of our employees, partners and the communities we serve. After assessing the impact and spread of the coronavirus, coupled with the World Health Organization announcement that the virus is now ...
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City of Detroit Teams up with Six Partners to Preserve Affordable Housing & Improve Housing Quality for Residents
Preservation Partnership to identify affordable housing across Detroit that is at risk of going market rate and working to keep it affordable The City of Detroit’s Housing & Revitalization Department (HRD) announced today the formation of the Preservation Partnership, a ...
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Cinnaire Awarded $7 Million in Capital Magnet Fund Grants from the U.S. Department of Treasury’s CDFI Fund
Cinnaire has been awarded a $7 million Capital Magnet Fund grant from the U.S. Department of Treasury’s CDFI Fund. The grant was announced as part of $130.9 million awarded to 38 nonprofit housing organizations and CDFIs for the development of ...
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Serving up Pancakes to Help Homeless Families
Cinnaire CEO Mark McDaniel Competes to Retain Pancake Palooza Champion Title The 2020 Haven House Pancake Palooza is coming up on Saturday, February 22nd, from 8:00 - 10:00 a.m. at the East Lansing Applebee's. This year, Mark McDaniel joins fellow ...
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Cinnaire Invests in Lexington Market in Downtown Baltimore, Maryland
New Markets Tax Credit Brings Life Back to Iconic Public Market Cinnaire has announced an $11 million New Markets Tax Credit (NMTC) allocation to support the revitalization of the Lexington Market in Baltimore, MD. The 238-year old market will undergo ...
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Equitable Transit-Oriented Development: Cinnaire Featured in Tax Credit Advisor
Cinnaire was featured in a recent issue of Tax Credit Advisor. A leading industry magazine, Tax Credit Advisor provides comprehensive coverage on all aspects of the development and financing of affordable rental housing, historic preservation, and economic development projects using federal and ...
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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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Lansing MI, 48910
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Indianapolis IN, 46204
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Detroit, MI 48201
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Milwaukee, WI 53202
