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Cinnaire

Cinnaire, MBASC close $67 million fund for development and rehab of eight multifamily communities across Michigan

Cinnaire and the Michigan Banker’s Association Service Corporation (MBASC) have announced the closing of a Low-Income Housing Tax Credit investment fund generating a total of $67…
July 23, 2024

Cinnaire closes $175 million fund to provide affordable housing in Midwest

Cinnaire closed its Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor Low-Income Housing Tax Credit fund. The fund comprises 14 investors and will support…
June 27, 2024
MichiganCRE

Michigan’s Cinnaire makes three key promotions

Lansing, Michigan-based Cinnaire promoted several team members to new leadership positions. These new executive level positions will support Cinnaire’s goal to advance economic equity in…
March 14, 2024
IllinoisMichiganMidwestMinnesotaFinance

Cinnaire closes funds totaling $193 million

Cinnaire has announced the closing of two Low-Income Housing Tax Credit funds totaling $193 million. These multi-investor funds – Cinnaire Fund for Housing (Fund 40)…
January 2, 2024
WisconsinIndustrial

Cinnaire makes $11 million investment in Wisconsin Aluminum Foundry

Cinnaire made an $11 million New Markets Tax Credit investment in the Wisconsin Aluminum Foundry (WAF), a long-standing employer in Manitowoc, Wisconsin, providing aluminum- and…
October 18, 2023

KeyBank provides $10 million loan to Cinnaire Lending Corporation

Cinnaire Lending Corporation, a certified Community Development Financial Institution (CDFI), has been awarded a $10 million loan from KeyBank’s CDFI Lending & Investment Group. The…
September 14, 2023
IndianaMichiganMinnesotaWisconsinFinanceMultifamily

Cinnaire closes $151 million in committed capital for equity fund

Cinnaire closed the Cinnaire Fund for Housing (Fund 39), a $151 million multi-investor Low-Income Housing Tax Credit fund. The fund will support the creation of 1,464…
June 8, 2023
MichiganMultifamily

A long-time coming: Officials celebrate ground-breaking of La Joya Gardens mixed-use development in Southwest Detroit

In an effort to boost the city's housing supply and meet the demand for more affordable units, a partnership between the City of Detroit, a…
Dan Rafter April 7, 2023
MichiganCRE

Michigan’s Cinnaire names president of lending division

Sarah Greenberg has been named president of Cinnaire Lending, a division of Lansing, Michigan-based Cinnaire. Greenberg brings more than 19 years of experience to the…
September 15, 2022
IndianaCRE

Ivy Tech Automotive Technology Center opens in Indianapolis

Cinnaire joined Ivy Tech Community College, PNC Community Partners Inc., Indianapolis Redevelopment CDE and community leaders this week to celebrate the opening of the Ivy Tech Automotive Technology…
June 14, 2021
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