Development

Cinnaire Awarded $85M in NMTC in Record-Breaking 2024–2025 Round

graphic announcing $85M NMTC Award with image of people with shovels at a groundbreaking event

Permanent NMTC Program Continues to Strengthen Education, Workforce, and Economic Opportunity in Underinvested Communities Cinnaire has been awarded an $85 million New Markets Tax Credit (NMTC) allocation in the historic combined calendar year 2024–2025 round administered by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund). This year’s round represents a record-breaking $10 billion in […]

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Cinnaire Provides $5M Pre-Development Line of Credit to Michaels for 700+ Homes

Cinnaire Lending has announced the closing of a $5 million revolving pre-development line of credit to The Michaels Organization, a national leader in residential real estate with full-service capabilities in development, property management, construction and investment. The line of credit will enable Michaels to advance its mission of creating sustainable, affordable housing solutions for communities in

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