Latest News
Residents Still Reeling from Hurricane Ida: A Rallying Cry for Affordable Housing
Wilmington DE Families Struggle to Find Homes In early September, the remnants of Hurricane Ida, a deadly and destructive Category 4 Atlantic hurricane, wreaked havoc on 10 city blocks in Wilmington, DE. The storm caused the Brandywine Creek to flood ...
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Cinnaire’s Policy Pulse: Build Back Better Agenda & What it Means for Affordable Housing
Chris Neary, Cinnaire's Vice President for Policy, Research and Advocacy, provides an update on the Build Back Better Plan, steps the Biden Administration is taking to increase affordable housing supply, the Charles Edson Awards and more in the latest issue of Policy Pulse.
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Andy’s Place Receives Charles L. Edson Tax Credit Excellence Award
Nation's First Permanent Recovery Supportive Housing Development Recognized as Outstanding Development in the Special Needs Category Andy's Place in Jackson, MI, has received the Charles L. Edson Tax Credit Excellence Award in the Special Needs Category. The Edson awards recognize outstanding ...
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Cinnaire & Partners Celebrate Grand Opening for State-of-the-art Marygrove Early Education Center in Detroit
Marygrove Early Childhood Education Center Provides Transformative Cradle-to-Career Educational Opportunities for Detroit Families Cinnaire recently joined our partners from Starfish Family Services, the Kresge Foundation, IFF, Capital Impact Partners, Northern Trust and MBS Urban Initiatives to virtually celebrate the grand ...
Read More Sherita Smith Joins Cinnaire Detroit as Vice President, Community Development
Sherita Smith has been appointed Vice President, Community Development, at Cinnaire. In this position, Sherita will be taking the helm implementing Cinnaire's targeted investment strategy for Detroit, establishing and maintaining relationships with local partners and funders to advance Cinnaire's Priority ...
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NMTC Brings Investment to Low-Income Communities – Let’s Make this Tool Permanent
Chris Neary Vice President, Policy, Research & Advocacy The New Markets Tax Credit (NMTC) has proven to be a successful public-private partnership with broad bipartisan support to bring impactful investments to communities that need it most. Today, we're sharing the story of ...
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Cinnaire Announces $175.7 Million Fund to Support Affordable Housing
Cinnaire has announced the closing of a $175.7 million Low Income Housing Tax Credit (LIHTC) fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in 5 states. Nine investors are participating in ...
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Cinnaire’s Permanent Recovery Supportive Housing Initiative Receives Affordable Housing Finance Readers’ Choice Award
The Affordable Housing Finance annual Readers' Choice Awards honor and recognize outstanding affordable housing developments in ten categories. Projects are selected based on impact on a community, role in overall revitalization or social change, offering outstanding social services and addressing ...
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Cinnaire Announces $60 Million New Markets Tax Credit Award From U.S. Treasury CDFI Fund
Award Will Spur Projects Focused on Education and Job Creation in Disinvested Communities The US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. Since 2009, Cinnaire ...
Read More Cinnaire Named a 2021 Crain’s Detroit Business Cool Place to Work
Award Recognizes Michigan Companies Providing Unique Workplace Culture & Exceptional Benefits For the eighth consecutive year, Cinnaire has been named one of Crain's Detroit Business Cool Places to Work in Michigan. With Michigan offices in Lansing, Detroit, and Grand Rapids, Cinnaire is ranked ...
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Cinnaire Announces $52 Million Mid-Atlantic Capital Fund Closing
Cinnaire announced today the closing of the organization's 2021 Mid-Atlantic Low Income Housing Tax Credit (LIHTC) Fund. The $52 million fund will bring more than 570 units of affordable housing to communities across Delaware, Maryland, New Jersey and Pennsylvania. Cinnaire ...
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Partner Profile – Dara Kraay Grady, Property Manager, Continental Management
Continental Management, a longtime partner of Cinnaire, believes in investing in people first and fostering a community where employees and residents can grow personally and professionally. Continental's on-site professionals provide daily service to residents and demonstrate the company's commitment to ...
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Cinnaire Cares Generates $23,406 to Support Mission-Driven Organizations
Companywide Charitable Giving Program Supports Diverse Nonprofit Organizations Across Cinnaire's Footprint Cinnaire Cares, our companywide staff-funded charitable giving program, was developed by our employees through the Staff Engagement Committee to support our mission-driven partners in the communities where we live, ...
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Prosperity Indiana Leader Member Highlight Featuring Keith Broadnax
Keith Broadnax, Cinnaire Senior Vice President, Business Development, was recently featured in the Prosperity Indiana newsletter Leader Highlight. Prosperity Indiana is a statewide membership organization for the individuals and organizations strengthening Hoosier communities. Since its founding in 1986, Prosperity Indiana ...
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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 150 aspiring developers apply for training program benefiting Wilmington residents 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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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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