New Markets Tax Credits

Cinnaire Invests $7 Million in NMTC to Support Tillamook Decatur Creamery Expansion

picture of Tillamook Creamery factory and information about cinnaire's investment funding

Cinnaire is proud to announce a $7 million investment in New Markets Tax Credits to support the rehabilitation and expansion of the former Prairie Farms dairy plant into the Tillamook Decatur Creamery. The facility, located at 757 N Morgan St. in Decatur, is being transformed into a modern, 79,000-square-foot creamery to enhance Tillamook County Creamery […]

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Advancing Communities Podcast: Asset Management With A&M – Understanding NMTC

Podcast cover slide showing moderators April and Miranda and guest speakers Peter and Max

Episode 5: Understanding New Market Tax Credits with Peter Giles and Max Novak  Join us for a special episode of Cinnaire’s Advancing Communities Podcast, featuring the asset management series AM With A&M. Hosted by asset management experts April Priebe and Miranda Bialk, this series dives into strategies, insights, and resources for professionals working in the

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Residents spearhead community hub project focused on health equity in SE Grand Rapids

When the people have a voice in building and bettering their community, everybody wins. That is exactly what is going on in west Michigan as Cinnaire’s New Markets Tax Credit (NMTC) team recently closed on a multipurpose community hub project led and shaped by more than 250 engaged neighbors and stakeholders. The Boston Square Community

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Cinnaire Awarded $60 Million in New Markets Tax Credits from U.S Treasury Department

Award Will Spur Projects that Support Education, Vocational Training and Job Opportunities in Disinvested Communities  Cinnaire has been awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund). These tax credits incentivize private sector investors to partner in community financing efforts. Cinnaire

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Cinnaire NMTC Development Recognized with National Real Estate QLICI of the Year Award

Ivy Tech Automotive Technology Center One of Five Businesses Receiving 2022 Novogradac Journal of Tax Credits Award Cinnaire has announced its NMTC development, Ivy Tech Automotive Technology Center in Indianapolis, has been recognized with a prestigious 2022 Novogradac Journal of Tax Credits Real Estate QLICI of the Year Award. The Novogradac Journal of Tax Credits Community Development QLICIs

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Cinnaire & Partners Invest in Tommy Car Wash Systems Expansion

New Markets Tax Credit Provides Investment to Support New Headquarters & Manufacturing Facility for Tommy Car Wash Systems  Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in New Markets Tax Credit (NMTC) allocation. Cinnaire, in partnership with Michigan Community Capital (MCC), Huntington Bank,

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Cinnaire & Partners Celebrate Grand Opening for State-of-the-art Marygrove Early Education Center in Detroit

Marygrove Early Childhood Education Center Provides Transformative Cradle-to-Career Educational Opportunities for Detroit Families  Cinnaire recently joined our partners from Starfish Family Services, the Kresge Foundation, IFF, Capital Impact Partners, Northern Trust and MBS Urban Initiatives to virtually celebrate the grand opening for the Marygrove Early Education Center in Detroit. In a first for Detroit’s children,

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Grand Opening for Ivy Tech Automotive Technology Training Center

Front of new Ivy Tech Auto Center

Cinnaire’s New Markets Tax Credit Funding Provides Financial Support for  Workforce Development Center in Indianapolis, IN Cinnaire joined Ivy Tech Community College, PNC Community Partners Inc., Indianapolis Redevelopment CDE and community leaders this week to celebrate the grand opening of the Ivy Tech Automotive Technology Center. The $14 million project is one of the $176 million in

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Detroit’s M-1 RAIL Ride to Completion Officially Begins

GROUNDBREAKING CEREMONY CELEBRATES UNPRECEDENTED PUBLIC TRANSIT SYSTEM IN DETROIT This September, business leaders, foundations, government officials and Detroit residents celebrated the groundbreaking for the M-1 RAIL Streetcar project. An unprecedented public-private partnership and model for regional collaboration, the M-1 RAIL Streetcar project is the first major transit project led and funded by private businesses and

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Great Lakes Capital Fund Receives $35 million to Revitalize Midwest Neighborhoods through Federal New Markets Tax Credits

 Cinnaire (Cinnaire) and subsidiary, CapFund New Markets, LLC are proud to announce their New Markets Tax Credit award of $35 million from the US Department of Treasury and the CDFI Fund. To date, CapFund New Markets, LLC has invested over $74 million in developments that revitalize neighborhoods and are directly responsive to the needs of

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Lafayette Place Lofts Receives 2013 Prestigious “Timmy” Award for Historic Housing

A former Sears Department Store built in the 1920s converted to loft-style apartments, an Anytime Fitness and a fresh food market in Pontiac, Michigan along with the NSO Bell Building in Detroit, Michigan were two of the three Judges’ Award winners for the 2013 J. Timothy Anderson Awards for Excellence in Historic Rehabilitation (Timmy Awards).

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