Affordable Housing

Cinnaire Solutions Celebrates Two Affordable Housing Projects in Detroit

Cinnaire Solutions and the Grandmont Rosedale Development Corporation (GRDC) celebrated the grand opening of one affordable housing development, and broke ground on a second development in Northwest Detroit. The joint event celebrated the grand opening of The Residence at West Outer Drive, and the groundbreaking of Minock Park Place, to show and celebrate increasing investments […]

Cinnaire Solutions Celebrates Two Affordable Housing Projects in Detroit Read More »

Policy Pulse – Post Election Edition

The recent election results at the federal level have set off a cascade of developments in Washington, offering a preview of an unpredictable few years ahead. Potential policy changes – especially the upcoming “Tax Super Bowl” – could be consequential for affordable housing and community development. This edition of Policy Pulse describes the balance of power in

Policy Pulse – Post Election Edition Read More »

Cinnaire Hosts Groundbreaking Ceremony for Chapel Branch Apartments

Cinnaire, Delaware State Housing Authority (DSHA), Sussex County, Volker Development, Inc., and Stearns Bank hosted a groundbreaking ceremony on December 12, for Chapel Branch Apartments, an affordable housing development in Lewes, Delaware. Speakers included DSHA Director Cynthia Karnai; Jake Stern, Senior Vice President, Business Development at Cinnaire; Amy Walls, Senior Principal, Community Reinvestment at Discover;

Cinnaire Hosts Groundbreaking Ceremony for Chapel Branch Apartments Read More »

Cinnaire Receives $6 Million in AHP Awards from FHLBank Chicago

Graphic with picture of construction workers and text stating Cinnaire received $6 million in AHP Awards

Cinnaire has been awarded $6 million in Affordable Housing Program (AHP) subsidies by the Federal Home Loan Bank of Chicago (FHLBank Chicago) to support three transformational housing projects in Illinois and Wisconsin. These awards will help finance the renovation, adaptive reuse, and new construction of 233 affordable housing units, advancing Cinnaire’s mission to provide equitable

Cinnaire Receives $6 Million in AHP Awards from FHLBank Chicago Read More »

MIWRC in MN to Expand Housing and Support Services for Native American Community

Dignitaries with shovels at groundbreaking for MN Indian Women's Resource Center

Minnesota Indian Women’s Resource Center Breaks Ground on Renovation to Expand Housing and Support Services for Native American Community On November 20, the Minnesota Indian Women’s Resource Center (MIWRC) broke ground to celebrate the launch of a comprehensive redevelopment at its Minneapolis property. This project will create 24 permanent supportive housing units for individuals with

MIWRC in MN to Expand Housing and Support Services for Native American Community Read More »

Higginbotham Art Residences Breaks Ground, Transforming Historic School into Affordable Housing

Dignitaries shovel dirt at Higginbothum Residences Groundbreaking ceremony

Redevelopment Project in Detroit’s Eight-Mile-Wyoming Neighborhood to Revitalize Historic School, Creating 100 Units of Affordable Housing  On November 19, 2024, officials and community members gathered to break ground for the Higginbotham Art Residences, a transformative project that will convert the historic William E. Higginbotham School into 100 units of affordable housing. Located in Detroit’s Eight-Mile-Wyoming neighborhood, the

Higginbotham Art Residences Breaks Ground, Transforming Historic School into Affordable Housing Read More »

Developers Break Ground on Vacant Century-old Pontiac Apartment Redevelopment

Casa Del Rey Apartments to Bring 50 Affordable Homes to Pontiac Coleman Allen LLC, alongside local officials and community partners, officially broke ground on Casa Del Rey Apartments, marking the beginning of a $15.5 million transformation of a century-old Moorish-style building at 111 Oneida Street in Pontiac’s historic Seminole Hills district. The development will create

Developers Break Ground on Vacant Century-old Pontiac Apartment Redevelopment Read More »

CDFI Fund Awards Cinnaire $7.5M in Capital Magnet Fund Grant 

Funding to Drive Affordable Housing Development in Disinvested Communities  Cinnaire has been awarded a $7.5 million grant from the U.S. Department of Treasury’s Community Development Financial Institutions (CDFI) Fund through the highly competitive Capital Magnet Fund (CMF) program. This year, the CDFI Fund awarded a total of $246 million to 48 organizations nationwide from among 136 applicants.  

CDFI Fund Awards Cinnaire $7.5M in Capital Magnet Fund Grant  Read More »

Policy Pulse – September 2024

This edition of Policy Pulse provides updates on potential legislation developments leading up to November’s election, the presidential candidates’ housing plans, state budget appropriations for affordable housing and policy legislation throughout Cinnaire’s footprint, and comments submitted by Cinnaire on rulemakings or requests through the FHFA and CMF. Click here to see Cinnaire’s September 2024 Policy

Policy Pulse – September 2024 Read More »

Cinnaire Solutions and Olympia Development Begin Restoration on Detroit’s Historic Henry Street Apartments

Development partners digging shovels in dirt for Henry St groundbreaking

Detroit’s Henry Street Restoration Includes Seven Buildings, 170 Units and a Full City Block Marking a momentous day in The District Detroit, Cinnaire Solutions and Olympia Development of Michigan were joined on August 28 by Mayor Mike Duggan, Michigan State Housing Development Authority, Housing and Revitalization Department and other city officials to commence the restoration

Cinnaire Solutions and Olympia Development Begin Restoration on Detroit’s Historic Henry Street Apartments Read More »

Legislation Introduced to Clarify Fannie Mae and Freddie Mac’s Ability to Invest in Multi-Investor Funds

On August 1, a bipartisan group of legislators introduced the Preserving Rural Housing Investments Act, a bill in the U.S. Senate and House of Representatives that would clarify the ability of Fannie Mae and Freddie Mac to invest in multi-investor funds, which are critical to their ability to reach rural markets. The legislation was led

Legislation Introduced to Clarify Fannie Mae and Freddie Mac’s Ability to Invest in Multi-Investor Funds Read More »

Scroll to Top