With the Federal Home Loan Bank (FHLB) System approaching their centennial, the Federal Housing Finance Agency (FHFA) has been reviewing the FHLB System “to ensure they remain positioned to meet the needs of today and tomorrow.” As a CDFI member of the FHLB of Chicago, Cinnaire participated in an FHFA roundtable and submitted comments in March, …
The Federal Home Loan Bank of Chicago (FHLBank Chicago) is granting $29.2 million through its Affordable Housing Program (AHP) General Fund to help finance 49 housing projects located primarily in Illinois and Wisconsin. These funds will support the acquisition, rehabilitation, and new construction of over 2,315 housing units. Cinnaire received a $5.3 million award to …
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, …
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 …
Cinnaire Announces $175.7 Million Fund to Support Affordable Housing Read More »
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 …
U.S. Department of Treasury’s CDFI Fund Announced the Awards with Vice President Harris, Treasury Secretary Janet Yellen, Senator Mark Warren and Representative Waters The U.S. Department of Treasury has awarded $1.25 billion in COVID-19 relief funds to 863 community development financial institutions (CDFIs) through the departments CDFI Rapid Response Program (CDFI RRP). The grants will be …
New members will enhance board’s focus on creating healthy, vibrant communities and expanding economic opportunity for underserved people Cinnaire has announced three new members have joined the organization’s Board of Directors. The new board members will provide strategic direction supporting continued growth around Cinnaire’s unwavering belief that all people deserve the opportunities to live in …
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 …
Advancing Communities Podcast – The Power of Homeownership: CHN’s Kevin Nowak Read More »
Cinnaire was recently selected as a Detroit Free Press Top Workplace 2018. The companies recognized in the Detroit Free Press Top Workplaces program were selected from the results of an employee survey. The Detroit Free Press partnered with Energage, an employee research and culture technology firm to determine the 2018 Top Workplaces, presented by the Better Business Bureau. “We …
Cinnaire Honored as Detroit Free Press Top Workplace Read More »
Today, the Opportunity Investment Consortium of Indiana officially launched in efforts to intentionally champion the transformation of Opportunity Zone neighborhoods into vibrant places for residents and businesses. The Consortium has just released an online portal to aid in matching projects in need of funding in these specified census tracts to potential investors. This morning in Indianapolis, more than 100 community …
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 …
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 by living …
