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 has grown to approximately 200 members, currently representing 900 community economic development practitioners from public, private, and nonprofit sectors. Prosperity Indiana builds a better future for communities by providing advocacy, leveraging resources, and engaging an empowered network of members to create inclusive opportunities that build assets and improve lives. Keith serves as secretary for Prosperity Indiana’s board.
Prosperity Indiana: Tell us about your organization, its mission and services.
Keith: Cinnaire is a nonprofit community development financial partner that creates opportunities for people in need by seeking out and developing partnerships with mission-focused organizations and investors, and by deploying capital and expertise to foster community-driven revitalization. We have an unwavering belief that all people deserve the opportunities provided by living in healthy communities. Our services include: Lending, Tax Credit Programs, Title Services, Real Estate and Community Development and Commercial Financing. Through our lending and investing programs and range of services, Cinnaire improves lives, creates jobs, and contributes to vibrant, strong communities.
Prosperity Indiana: Describe a success story that resulted from your organization’s community development efforts.
Keith: I have been fortunate to be involved in a lot of impactful developments. The housing that I enjoy working on the most is our supportive housing developments because we focus on more than just the housing, but also providing services to individuals and families. Personally, our Dogwood Estates development in Walkerton, IN, is a success story. This involved the complete transformation of the blighted West York neighborhood. This was accomplished by purchasing and demolishing 84 existing substandard residential structures, redesigning the entire neighborhood layout, and building 40 new single-family lease-to-purchase homes designed to accommodate the surrounding downtown residential target area. The new homes include a mixture of one-, one-and-a-half, and two-story designs that include two, three-, and four-bedroom layouts. If you walk into our Indianapolis office, you will see a before and after picture of this development on our wall. The project provided an unprecedented impact on the small community, spurring economic development, improving the school systems and changing the lives of over 200 families.
Prosperity Indiana: What changes are coming to your organization over the next year:
Keith: I think that will we continue to be creative and find solutions to make our communities a better place for our residents. We continue to grow and are currently seeking several extraordinary people to join our team. It’s been exciting to be a part of our continued growth over the last 19 years.
Prosperity Indiana: Which of Prosperity Indiana’s values resonate most with you and why?
Keith: All of the values resonate equally with me. These values are what I hope to grow and thrive in personally as well as within Cinnaire. Over the past year, I’ve watched Prosperity Indiana adjust to the pandemic and racial inequities and develop programs and trainings to address our current reality. All of this seems achievable when you know that you are surrounded by great and committed people.
Prosperity Indiana believes in a society where all persons can live and work in an environment that provides equitable access to economic and social opportunity. The organization values empowerment, integrity, impact, collaboration and social justice. To learn more, please visit: https://prosperityindiana.org/About