Housing Tax Credit

Policy Pulse – January 2024

This Special Edition of Policy Pulse provides updates on major developments at the federal level that could have significant impacts on affordable housing and community development.  Congress is debating stopgap spending bills to avoid Jan. 19 shutdown of federal agencies, including HUD. LIHTC Housing Credit Resources proposed for inclusion in bipartisan tax package, estimated to […]

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Cinnaire Announces $175.7 Million Fund to Support Affordable Housing

Cinnaire has announced the closing of a $175.7 million Low Income Housing Tax Credit (LIHTC) fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in 5 states. Nine investors are participating in the fund, which is Cinnaire’s largest multi-investor equity fund since 2016. “Cinnaire’s new team leading

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Michigan Banks Generate $13 Million for the Development of Affordable Housing

Cinnaire and Michigan Bankers Association established an equity fund for low-income seniors, families and residents with disabilities Cinnaire (Cinnaire) and Michigan Bankers Association Service Corporation (MBASC) recently closed its third equity fund, bringing $13 million to support the development and rehabilitation of 11 different apartment communities across the state, providing 774 units of quality, safe

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Great Lakes Capital Fund Closes $138.5 Million Affordable Housing Fund

Fund 29 Delivers Essential Equity to 23 Projects in Five States Cinnaire (Cinnaire) is pleased to announce the closing of its most recent fund, Cinnaire for Housing Limited Partnership 29, or Fund 29, with $138.5 million raised to support affordable housing across the Midwest. Thirteen investors contributed to Fund 29, comprised of 12 banks and

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