Community Development Financial Institution

Residents spearhead community hub project focused on health equity in SE Grand Rapids

When the people have a voice in building and bettering their community, everybody wins. That is exactly what is going on in west Michigan as Cinnaire’s New Markets Tax Credit (NMTC) team recently closed on a multipurpose community hub project led and shaped by more than 250 engaged neighbors and stakeholders. The Boston Square Community […]

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Cinnaire Awarded $60 Million in New Markets Tax Credits from U.S Treasury Department

Award Will Spur Projects that Support Education, Vocational Training and Job Opportunities in Disinvested Communities  Cinnaire has been awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). These tax credits incentivize private sector investors to partner in community financing efforts. Cinnaire

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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’s Resident Rental Relief Fund Provides Support to 450 Families

Woman on sofa with three young children

In January 2021, Cinnaire established the COVID-19 Resident Rental Relief Fund to provide support to renters throughout our footprint suffering from financial hardship due to the pandemic. Cinnaire contributed $250,000 and Delta Dental, the nation’s largest provider of dental benefits, provided a $250,000 contribution to support the COVID-19 Resident Rental Relief Fund. While eviction moratoria

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Cinnaire Captures Novogradac QLICI of the Year Award

Novogradac Award graphic with exterior view of Paul's Place Groundwork Kitchen

Paul’s Place-Groundwork Kitchen Honored as Small Business QLICI of the Year  Ten community development entities (CDEs) that made qualified low-income community investments (QLICIs) into five businesses are the winners of the Novogradac Journal of Tax Credit QLICIs of the Year Awards. The awards honor CDEs who strive for excellence in community development. Cinnaire received the Small

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Cinnaire Awarded $1.8 Million to Support Economic Relief in Underserved Communities Affected by COVID

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

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Cinnaire Welcomes Three New Board Members

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

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Advancing Communities Podcast Episode 2

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

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Entrepreneur Connect Podcast

Presented by the Lansing Regional Chamber of Commerce, Entrepreneur Connect is a monthly radio show on the Business Rap network. What makes a community a great place to live, work and play? Luan Nguyen, Cinnaire Dispositions Relationship Manager, recently joined Meghan Martin from the Arts Council of Greater Lansing, Eric Rosekrans from CBRE Martin and

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Cinnaire Invests in New Market West

Project Will Provide High-Quality Early Childhood Education and Health Care Services and Revitalize West Philadelphia Neighborhood Cinnaire recently provided an $11.25 million New Markets Tax Credit (NMTC) allocation to support the development of New Market West in Philadelphia, PA. PNC Bank, as the NMTC investor, joined Cinnaire in the financing of this project. New Market

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