Advancing Communities

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 and Amandula have each demonstrated a remarkable commitment to our mission and industry,” said Mark …

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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 opening for the Marygrove Early Education Center in Detroit. In a first for Detroit’s children, …

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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 the fund, which is Cinnaire’s largest multi-investor equity fund since 2016. “Cinnaire’s new team leading …

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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 unique challenges. Cinnaire is pleased to announce Andy’s Place, in Jackson, MI, has received the …

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Jumpstart Wilmington Completes First Four Development Training Sessions

Jumpstart graduates at table

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 to promote the growth of local developer capacity through training and development to support neighborhood …

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Homeownership and Development Policies to Reverse the Legacy of Discrimination and Disinvestment in Wilmington

Rowhouses in Wilmington

In the City of Wilmington, the challenges posed by systemic racism are nothing new. Wilmington’s neighborhoods have been particularly harmed by the legacy of racist policies that have fueled segregation and a vicious cycle of disinvestment, leading to the devaluation of assets and a large number of vacant properties that contribute to crime and instability …

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Advancing Communities Podcast – The Power of Homeownership: CHN’s Kevin Nowak

Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a  range of topics, each supporting the belief that all people deserve the opportunities provided …

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Saint Francis & Trinity Health Investing $1 Million in Cinnaire’s Wilmington Healthy Neighborhood Fund

Saint Francis Healthcare and its parent organization, Trinity Health, are joining Cinnaire to launch the Wilmington Healthy Neighborhood Fund. A comprehensive, community-driven revitalization effort, the Wilmington Healthy Neighborhood Fund will address the social determinants of health, including safe and affordable housing, in the City of Wilmington. The one-million-dollar Trinity Health/Saint Francis loan will be used …

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