Latest News
Cinnaire Welcomes Three New Board Members
Cinnaire has announced the appointment of three new Board members. The new members join the organization's Board of Directors to provide strategic direction supporting continued growth around Cinnaire's commitment to investing in people and places to transform communities. "Sarida, Fred ...
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Cinnaire Closes $151 Million in Committed Capital for Equity Fund
Low-Income Housing Tax Credit fund will create nearly 1,500 affordable homes in five states Cinnaire announced today the closing of the Cinnaire Fund for Housing (Fund 39), a $151 million multi-investor Low-Income Housing Tax Credit fund. The fund will support ...
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Cinnaire Solutions Joins Grandmont Rosedale Development Corporation, City of Detroit Breaking Ground on Affordable Housing
Cinnaire Solutions and the Grandmont Rosedale Development Corporation joined Detroit Mayor Mike Duggan and Detroit City Council President Pro Tem James Tate today to announce that renovations have begun on Grandmont Rosedale Park Collective II in Detroit's Grandmont Rosedale neighborhood. ...
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WE Build Celebrates Inaugural Graduation
Cinnaire launched Women Empowered to Build (WE Build) in December of 2020 in the Detroit market to provide mentoring and capital to Black- and women-led development firms to accelerate the fundability, stability, and growth of their real estate development business. ...
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Keith Broadnax Honored as CHIP Champion
Keith Broadnax, Cinnaire Senior Vice President, Business Development, has been awarded the Coalition for Homelessness Intervention and Prevention (CHIP) Champion Award. The award celebrates an individual who embodies dedication and commitment to CHIP's mission and champions the work of CHIP ...
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The Freelon at Sugar Hill Captures Prestigious Novogradac QLICI Award
Cinnaire's NMTC Investment Honored as Real Estate QLICI of the Year Fifteen community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credits QLICIs of the Year ...
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Mel Trotter Ministries Creating New Opportunities in Grand Rapids
Mel Trotter Ministries (MTM) and its subsidiary, Next Step of West Michigan, have been selected to receive New Markets Tax Credits (NMTC) from Cinnaire, Michigan Community Capital (MCC), Chase, and Consortium America. The tax credits will support a multi-site development ...
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The Meadows Selected for Wisconsin Top Rural Development Initiative Honor
The Meadows, a new construction affordable housing community in Darlington, WI, has been selected to receive the Wisconsin Rural Partners, Inc. 2023 Top Rural Development Initiative award. Cinnaire Solutions partnered with Southwestern Wisconsin Community Action Program (SWCAP) to develop the ...
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NASLEF Appoints First Executive Director
Michelle Foster Tasked to Build on NASLEF Strengths, Build Opportunities for Members The National Association of State and Local Equity Funds (NASLEF) announced the appointment of Michelle Foster as its first full-time executive director. With 16 years of experience in ...
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Cinnaire Welcomes Trio of New Board Members
Cinnaire has announced three new members have joined the organization's Board of Directors to provide strategic direction supporting continued growth around Cinnaire's commitment to investing in people and places to transform and create healthy communities. As recognized leaders in the ...
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FOCUS Magazine – The Impact of the Housing Crisis
FOCUS Magazine is the Lansing Regional Chamber of Commerce's monthly business publication designed to keep members up-to-date on economic, business and member news, and Chamber events and services while also keeping members informed on legislative and industry happenings. Cinnaire CEO ...
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Delaware Catalyst Fund Will Create Affordable Homeownership Opportunities & Build Equitable Neighborhoods Statewide
Cinnaire has announced the first funding round for the Delaware Catalyst Fund, a $20 million fund investing in affordable housing in Delaware communities, will open May 15th. The Catalyst Fund is a partnership between Cinnaire and the Delaware State Housing ...
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Norman Towers Featured in the Monroe News
Norman Towers, an affordable housing community in Monroe, MI, features 109 bright and spacious homes offering independent living options for seniors. The historic property was originally constructed in 1918 as a boarding school and later became the only military boarding ...
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Cinnaire Awarded $4.9 Million CDFI Fund Equitable Recovery Program Grant
Award Will Advance Equitable Development in Underserved Communities Throughout the Midwest & MidAtlantic Regions Cinnaire has announced the organization has received a $4.9 million Equitable Recovery Program (ERP) grant from the U.S. Department of Treasury's Community Development Financial Institutions (CDFI) ...
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Cinnaire Solutions Joins Mariners Inn, City of Detroit Breaking Ground on Supportive Recovery Housing
$24 million project will help more metro Detroiters battle substance use with residential treatment program. In addition to housing, The Anchor will allow for job-training, medical and health clinic, emergency shelter and more. New building will rise on existing campus, ...
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Comment Letter to FHFA on FHLB System
With the Federal Home Loan Bank (FHLB) System approaching their centennial, the Federal Housing Finance Agency (FHFA) has been reviewing the FHLB System "to ensure they remain positioned to meet the needs of today and tomorrow." As a CDFI member of ...
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Cinnaire’s Policy Pulse – April 2023
This edition of Policy Pulse is focused on helping you understand the current state of play at the federal and state levels, including what new bill introductions and budget discussions will mean for Cinnaire’s work and the communities we serve. ...
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Jumpstart Wilmington Grad Celebrates Grand Opening of Mixed-Use Affordable Housing Project in Wilmington
Building Developed by Jumpstart Wilmington Graduate Provides 10-Units of Apartment Homes for Seniors Father/daughter development team Marva Hammond and Charlie Falletta joined with Cinnaire, local officials and community members to celebrate the grand opening for the Southbridge Community Services Building ...
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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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