Latest News
Cinnaire Awarded $60 Million in New Markets Tax Credits from U.S Treasury Department
Award Will Spur Projects that Support Education, Vocational Training and Job Opportunities in Disinvested Communities Cinnaire has been awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury's Community Development Financial Institutions Fund (CDFI ...
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Cinnaire Joins Hope Network & Partners to Celebrate Eastpointe Commons Groundbreaking
Cinnaire recently joined Hope Network, Grand Rapids Mayor Rosalynn Bliss and community partners to celebrate the groundbreaking for Eastpointe Commons, a $40 million affordable housing development on Fulton Avenue East in Grand Rapids, MI, spearheaded by Hope Network, a leading ...
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Cinnaire Named Best Place to Work by Crain’s Detroit Business
Crain’s Detroit Business Best Places to Work Program Recognizes Companies with Excellent Workplace Culture, Leadership and Benefits Cinnaire has been named one of Crain’s Detroit Business Best Places to Work in Michigan for the 10th consecutive year. With Michigan offices in ...
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Two Cinnaire Projects Named Affordable Housing Finance Readers Choice Finalists
Affordable Housing Finance (AHF) recently announced 32 inspiring developments have been selected as finalists in the 2023 AHF Magazine Readers’ Choice Awards. The awards, now in its 19th year, recognize the best affordable housing developments nationally in 10 categories. The ...
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Claymont Apartments Reopen Providing 29-Units of Affordable Housing in Wilmington
Following catastrophic flooding during Hurricane Ida, building underwent $3 million renovation When Hurricane Ida hit Delaware on September 1, 2021, the neighborhood where Claymont Street Apartments is located was among the most impacted by flooding. Many residents were evacuated on ...
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Q2 2023 Michigan Future Business Index: Michigan’s Small Businesses Report Inflation Eating into Their Profits
Optimism Remains on Improving Economy and Future Opportunities In a recent statewide survey of 615 small to medium sized businesses, respondents to the latest Michigan Future Business Index (MFBI) survey indicated even though the impacts of the weaking economy have ...
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Cinnaire’s Dionna Sargent Receives Prestigious Leon N. Weiner Award
Cinnaire is proud to announce that Dionna J. Sargent has been recognized with the esteemed Leon N. Weiner Award by Housing Opportunities of Northern Delaware, Inc. (HOND). The award was presented at the 39th Annual Fair Housing Observance and ...
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Policy Pulse – June 2023
With new legislative sessions and budget seasons underway, 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 ...
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Cinnaire Names Lucius Vassar Chief Legal Officer & Corporate Secretary
Cinnaire has announced the promotion of Lucius Vassar to Chief Legal Officer and Corporate Secretary. Lucius joined Cinnaire in 2018 as Detroit Market Lead and was soon promoted to Corporate Counsel and EVP, Equitable Engagement. Lucius has served as a ...
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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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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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Suite 1530
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Detroit, MI 48201
