NMTC

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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Cinnaire Announces $60 Million New Markets Tax Credit Award From U.S. Treasury CDFI Fund

Student in kitchen of Mott's Culinary Arts Training Program

Award Will Spur Projects Focused on Education and Job Creation in Disinvested Communities The US Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation. Since 2009, Cinnaire is an eight-time NMTC recipient with awards totaling more than $419 million. Cinnaire manages an

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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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Cinnaire Invests in New Market West

Project Will Provide High-Quality Early Childhood Education and Health Care Services and Revitalize West Philadelphia Neighborhood Cinnaire recently provided an $11.25 million New Markets Tax Credit (NMTC) allocation to support the development of New Market West in Philadelphia, PA. PNC Bank, as the NMTC investor, joined Cinnaire in the financing of this project. New Market

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Cinnaire Receives New Markets Tax Credit Award from CDFI Fund

Award Will Revitalize Low-Income Communities and Spur Economic Development Cinnaire recently received a $65 million New Markets Tax Credit (NMTC) award from the U.S. Department of Treasury’s CDFI Fund. Cinnaire was one of 73 organizations selected from a pool of 230 applicants to receive an award. Cinnaire received one of the largest national awards and the

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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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