emerging developers

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 […]

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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

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Jumpstart Wilmington Grad Celebrates Grand Opening of Mixed-Use Affordable Housing Project in Wilmington

Building Developed by Jumpstart Wilmington Graduate Provides 10-Units of Apartment Homes for Seniors Father/daughter development team Marva Hammond and Charlie Falletta joined with Cinnaire, local officials and community members to celebrate the grand opening for the Southbridge Community Services Building (SBCS) this week. The SBCS is a newly developed, mixed-use project with the first phase

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