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 […]
Policy Pulse – January 2024 Read More »
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 »
Affordable Housing Finance (AHF) recently announced 32 inspiring developments have been selected as finalists in the 2023 AHF Magazine Readers’ Choice Awards. The awards, now in its 19th year, recognize the best affordable housing developments nationally in 10 categories. The projects represent the range of affordable housing being built for families, seniors, farmworkers, veterans, and
Two Cinnaire Projects Named Affordable Housing Finance Readers Choice Finalists Read More »
The Meadows, a new construction affordable housing community in Darlington, WI, has been selected to receive the Wisconsin Rural Partners, Inc. 2023 Top Rural Development Initiative award. Cinnaire Solutions partnered with Southwestern Wisconsin Community Action Program (SWCAP) to develop the affordable housing development designed exclusively to support agriculture and farmworkers and their families. “The Meadows
The Meadows Selected for Wisconsin Top Rural Development Initiative Honor Read More »
The nearly $24 million development will offer 53 residential homes, including 42 affordable and 11 market rate apartments; and more than 6,000 sq. ft. of retail space when completed in 2024. The project is part of Detroit’s Strategic Neighborhood Fund. Cinnaire Solutions and the Southwest Detroit Business Association (SDBA) held a groundbreaking ceremony along with
Chris Neary, Cinnaire’s Senior Vice President for Policy, Research and Advocacy, provides an update on the Build Back Better plan, an omnibus signed into law and potential reform to the CRA in the latest issue of Policy Pulse. Click here to see the March 2022 edition of Cinnaire’s Policy Pulse https://conta.cc/3IFJJJQ
Cinnaire’s Policy Pulse – March 2022 Read More »
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
Cinnaire Announces $175.7 Million Fund to Support Affordable Housing Read More »
The Affordable Housing Finance annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments in ten categories. Projects are selected based on impact on a community, role in overall revitalization or social change, offering outstanding social services and addressing unique challenges. Cinnaire is pleased to announce Andy’s Place, in Jackson, MI, has received the
Cinnaire announced today the closing of the organization’s 2021 Mid-Atlantic Low Income Housing Tax Credit (LIHTC) Fund. The $52 million fund will bring more than 570 units of affordable housing to communities across Delaware, Maryland, New Jersey and Pennsylvania. Cinnaire has partnered with insurance companies and financial institutions throughout the Mid-Atlantic to raise more than
Cinnaire Announces $52 Million Mid-Atlantic Capital Fund Closing Read More »
In this episode of the Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley continues his three-part series examining a growing crisis in the affordable housing industry where private equity funds or other investors are seeking windfall returns at Year 15. By ignoring Right of First Refusal agreements and forcing owners to either make large payment plans
On April 15th, a bipartisan group of Members of Congress introduced the Affordable Housing Credit Improvement Act (AHCIA). This legislation (H.R. 2573 / S. 1136) would expand and strengthen the Low-Income Housing Tax Credit (Housing Credit), providing as many as 2,015,000 additional affordable homes over the next decade. It would also support nearly 3 million jobs and generate
Affordable Housing Credit Improvement Act Introduced in Congress Read More »
As a hungry graduate armed with a finance degree from Grand Valley State University, I dove into the world of commercial credit, underwriting investment real estate as well as commercial and industrial loans. It was at a bank, and I learned a lot, but something was missing. Cinnaire was that missing piece. I leveraged my experience
Living Our Why: Luan Nguyen Read More »
