Community Development

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 »

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 »

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

Policy Pulse – Election Preview Edition Read More »

Advancing Communities Podcast: Asset Management With A&M – Understanding NMTC

Podcast cover slide showing moderators April and Miranda and guest speakers Peter and Max

Episode 5: Understanding New Market Tax Credits with Peter Giles and Max Novak  Join us for a special episode of Cinnaire’s Advancing Communities Podcast, featuring the asset management series AM With A&M. Hosted by asset management experts April Priebe and Miranda Bialk, this series dives into strategies, insights, and resources for professionals working in the

Advancing Communities Podcast: Asset Management With A&M – Understanding NMTC Read More »

Ubuntu Fund Secures $55 Million Investment from Prominent Financial Institutions to Create Pathways for Equitable Access

Cinnaire has announced the closing of the $55 million Ubuntu Fund, an equitable access fund developed to support affordable housing development with underinvested developers in the Midwest region. The creation of this fund was made possible through the investments of leading financial institutions – JPMorgan Chase, PNC Bank, KeyBank, and Fifth Third Bank. The fund

Ubuntu Fund Secures $55 Million Investment from Prominent Financial Institutions to Create Pathways for Equitable Access Read More »

Fifth Third Bank Loan Opens Doors for Cinnaire’s Community Development Work in IL, MI

Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank. Cinnaire Lending will leverage Fifth Third’s $5 million commitment to provide financing to developers for the rehabilitation and construction of affordable for-sale homes, multifamily housing and community facilities in Illinois

Fifth Third Bank Loan Opens Doors for Cinnaire’s Community Development Work in IL, MI Read More »

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

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

Advancing Communities Podcast: Just Action Book Discussion with Author Richard Rothstein

Cinnaire’s Advancing Communities Podcast features Cinnaire team members having conversations with thought leaders, policy makers and others who are making a difference in the community development industry. In this episode, Chris Neary, Cinnaire SVP Policy and Advocacy, sits down with Richard Rothstein, the author of two important books — The Color of Law: A Forgotten History

Advancing Communities Podcast: Just Action Book Discussion with Author Richard Rothstein Read More »

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

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

Cinnaire Joins Hope Network & Partners to Celebrate Eastpointe Commons Groundbreaking

Honored guests and speakers join-in to throw some dirt outside the new Eastpointe Commons complex. United Healthcare is one of the major players in a project that is turning the old, empty Fulton Manor buildings in Grand Rapids into a new housing facility named Eastpointe Commons

Cinnaire recently joined Hope Network, Grand Rapids Mayor Rosalynn Bliss and community partners to celebrate the groundbreaking for Eastpointe Commons, a $40 million affordable housing development on Fulton Avenue East in Grand Rapids, MI, spearheaded by Hope Network, a leading statewide nonprofit organization committed to transforming and rebuilding lives across Michigan. Eastpointe Commons aims to

Cinnaire Joins Hope Network & Partners to Celebrate Eastpointe Commons Groundbreaking Read More »

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

Cinnaire Welcomes Three New Board Members Read More »

Scroll to Top