Community Development

Cinnaire Closes $307M LIHTC Equity Fund, Expanding Affordable Housing Across 10 States

Infographic with impact data on number of people, housing projects and states benefiting from Fund 45 investments

Cinnaire announced the closing of a $307 million Low-Income Housing Tax Credit (LIHTC) equity fund— the second largest investment in the organization’s history. Cinnaire’s Fund for Housing Limited Partnership 45 (Fund 45) will finance the creation and preservation of 2,259 affordable housing units across 27 properties in ten states, directly benefiting 5,196 residents. Fund 45 […]

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Cinnaire CEO Mark McDaniel Honored with Lansing Regional Chamber’s Legacy Award

Mark McDaniel - 2nd to left - holds his Legacy Award with other 4 awardees on stage

Cinnaire President & CEO Mark McDaniel was recently honored with the Lansing Regional Chamber of Commerce’s Legacy Award, recognizing a lifetime of leadership, service, and commitment to strengthening communities across Michigan and beyond.  Presented annually, the Legacy Award honors individuals whose careers have left a lasting mark on the Greater Lansing region. This year’s recognition reflects

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Groundbreaking to Bring Affordable Housing and Commercial Revitalization to Wilmington, DE

Nasr standing in vacant lot with people listening sitting in chairs

A mixed-use development coming to 2923 N. Market Street, in Wilmington, DE A new chapter of investment and revitalization is underway along the North Market Street corridor as community leaders and partners broke ground on March 19, 2026, on a mixed-use development at 2923 N. Market Street. The project, developed by Nasr Mohamed, a graduate

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The Monreaux to Bring Mixed-Income Housing and Entrepreneurial Space to South Bend, IN 

Former WNBA Player Devereaux Peters Breaks Ground on The Monreaux, Bringing Mixed-Income Housing and Entrepreneurial Space to Downtown South Bend   Community leaders and development partners gathered on March 13 to celebrate the groundbreaking of The Monreaux, a 57-unit mixed-use, mixed-income housing development led by Devereaux Peters, founder of Chateaux 14 Development. The project marks a

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Fund 44 Raises $134M to Advance Affordable Housing Development & Preservation in 5 States

Infographic with map of states in Fund, icons with datapoints and the audiences the housing will support

Low-Income Housing Tax Credit Fund Will Support 2,185 People in communities facing housing challenges. Cinnaire announced the successful closing of a $134 million Low-Income Housing Tax Credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors, and individuals

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Cinnaire Raises $340 Million for Affordable Housing Development and Preservation

Infographic showing the 11 states Cinnaire's Fund 43 is supporting and it's audience who benefits

 Low-Income Housing Tax Credit Fund – Largest in Organization’s History – will provide affordable housing for 5,400 people across 11 states. Cinnaire announced the closing of a $340 million Low-Income Housing Tax Credit (LIHTC) multi-investor fund (Fund 43)—the largest investment fund in the organization’s 32-year history. Designed to create housing that provides people a safe,

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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

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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

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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

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Policy Pulse – Election Preview Edition

This edition of Policy Pulse provides an overview of the state and federal landscape in advance of the 2024 election, the ramifications of potential legislation, the presidential candidates’ housing plans, and how shifts in party control may impact affordable housing and policy legislation throughout Cinnaire’s footprint. Click here to see Cinnaire’s October 2024 Policy Pulse

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