Low Income Housing Tax Credit

Wellspring Apartments Breaks Ground in Southfield, Michigan

4 story apartment building with trees around it

Wellspring Apartments Breaks Ground in Southfield, Michigan 72-unit affordable housing community to provide permanent supportive housing for individuals and families in recovery. Community leaders, housing advocates, and public officials gathered in October to celebrate the groundbreaking of Wellspring Apartments, a new 72-unit affordable housing development in Southfield, Michigan, designed to serve individuals and families in […]

Wellspring Apartments Breaks Ground in Southfield, Michigan Read More »

Cinnaire Provides $38+ Million to Preserve Affordable Housing at Countryside Townhouses in Kentwood, MI

Graphic announcing funding for Coountryside Townhomes project

Cinnaire has announced the closing of a $12 million Low-Income Housing Tax Credit (LIHTC) equity investment as well as $23.5 million loan with their partners CPC Mortgage Company to support the preservation and rehabilitation of Countryside Townhouses, a 146-unit affordable housing community in Kentwood, Michigan. The financing package also included a nearly $3 million equity

Cinnaire Provides $38+ Million to Preserve Affordable Housing at Countryside Townhouses in Kentwood, MI Read More »

Construction Begins on Aurora Place, a 40-Unit Affordable Housing Project in Washburn, WI

Dignitaries shovel dirt at Aurora Place's groundbreaking event

Community leaders, partners, and residents gathered at 318 N Superior Avenue to celebrate the groundbreaking of Aurora Place, a transformative affordable housing development that will bring 40 newly constructed, energy-efficient cottage-style homes to Washburn, Wisconsin. This visionary project is a partnership between Cinnaire Solutions, the City of Washburn, and Bayfield County, and aims to address

Construction Begins on Aurora Place, a 40-Unit Affordable Housing Project in Washburn, WI Read More »

Cinnaire Raises $340 Million for Affordable Housing Development and Preservation

Infographic showing the 11 states Cinnaire's Fund 43 is supporting and it's audience who benefits

 Low-Income Housing Tax Credit Fund – Largest in Organization’s History – will provide affordable housing for 5,400 people across 11 states. Cinnaire announced the closing of a $340 million Low-Income Housing Tax Credit (LIHTC) multi-investor fund (Fund 43)—the largest investment fund in the organization’s 32-year history. Designed to create housing that provides people a safe,

Cinnaire Raises $340 Million for Affordable Housing Development and Preservation Read More »

Groundbreaking Ceremony Celebrates the Launch of 4401 Rosa Parks Apartments, Bringing 60 Affordable Homes to Detroit

Michigan dignitaries stand with shovels at Rosa Parks groundbreaking

City and community leaders gathered on Thursday, May 15, 2025, to mark a major milestone in the revitalization of Detroit’s Woodbridge neighborhood with the official groundbreaking of 4401 Rosa Parks Apartments, a new affordable housing community that will bring 60 high-quality homes to the area. The development is the result of a collaborative partnership between

Groundbreaking Ceremony Celebrates the Launch of 4401 Rosa Parks Apartments, Bringing 60 Affordable Homes to Detroit Read More »

Cinnaire Closes $190 Million Low-Income Housing Tax Credit Fund

Artist rendering of the Riverview 4-story apartment complex

Cinnaire has announced the closing of the Cinnaire Fund for Housing Partnership 42, a $190 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. This significant milestone will support the creation or preservation of 1,478 affordable multifamily homes across 21 properties, serving over 3,400 individuals. Notably, for the first time in its history, Cinnaire is investing

Cinnaire Closes $190 Million Low-Income Housing Tax Credit Fund Read More »

Cinnaire Hosts Groundbreaking Ceremony for Chapel Branch Apartments

Cinnaire, Delaware State Housing Authority (DSHA), Sussex County, Volker Development, Inc., and Stearns Bank hosted a groundbreaking ceremony on December 12, for Chapel Branch Apartments, an affordable housing development in Lewes, Delaware. Speakers included DSHA Director Cynthia Karnai; Jake Stern, Senior Vice President, Business Development at Cinnaire; Amy Walls, Senior Principal, Community Reinvestment at Discover;

Cinnaire Hosts Groundbreaking Ceremony for Chapel Branch Apartments Read More »

MIWRC in MN to Expand Housing and Support Services for Native American Community

Dignitaries with shovels at groundbreaking for MN Indian Women's Resource Center

Minnesota Indian Women’s Resource Center Breaks Ground on Renovation to Expand Housing and Support Services for Native American Community On November 20, the Minnesota Indian Women’s Resource Center (MIWRC) broke ground to celebrate the launch of a comprehensive redevelopment at its Minneapolis property. This project will create 24 permanent supportive housing units for individuals with

MIWRC in MN to Expand Housing and Support Services for Native American Community 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 »

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 »

Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States

Infographic with charts showing States' investments and audiences the housing will serve

Low-Income Housing Tax Credit fund will create or preserve more than 1200 affordable homes across the Midwest Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. The fund comprises 14 investors and will support the creation or preservation of 1,228 affordable

Cinnaire Closes $175 Million Equity Fund 41 to Provide Housing in 4 Midwest States Read More »

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

Policy Pulse – January 2024 Read More »

Scroll to Top