Award Will Spur Projects that Support Education, Vocational Training and Job Opportunities in Underserved Communities
The U.S. Department of Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded Cinnaire a $60 million New Markets Tax Credit (NMTC) Allocation.
This edition of Policy Pulse provides updates on potential legislation developments leading up to November’s election, the presidential candidates’ housing plans, state budget appropriations for affordable housing and policy legislation throughout Cinnaire’s footprint, and comments submitted by Cinnaire on rulemakings or requests through the FHFA and CMF.
Cinnaire announced the closing of an $8.5 million investment in New Markets Tax Credits (NMTC) to support the expansion of The Field School, a pre-K-8 private, nonprofit Christian school serving Chicago’s Austin neighborhood. This investment will enable The Field School to expand its facilities and continue providing high-quality education to a diverse and underserved student population.
The Affordable Housing Finance (AHF) annual Readers’ Choice Awards honor and recognize outstanding affordable housing developments nationally in ten categories. Each project is unique and highlights the diverse range of affordable housing for families, seniors, formerly homeless individuals and those with special needs. We are thrilled to share three of Cinnaire’s investments – Restoring Waters, Brooke Street Lofts and Rise on 7 – have been named 2024 AHF Readers’ Choice Award Winners!
A panel discussion at the Unified Sports & Inclusion Center will highlight the unique partnership and explore future trends in inclusive technology.
GRAND RAPIDS, Michigan - As part of Tech Week 2024, CS Erickson and Special Olympics Michigan are proud to host "Defying Limits: Tech-Driven Inclusivity," a panel discussion exploring how technology is revolutionizing accessibility and inclusion.
The bank has committed to $25 per hour by 2025
CHARLOTTE – Tuesday, Bank of America announced that it has raised its U.S. minimum hourly wage to $24 per hour, the latest step in the company’s commitment to $25 by 2025.
Vic Verchereau welcomes Myron Frierson, who is the Chairman of the Uplift Our Youth Foundation.
He is the latest guest for six segments with Vic Verchereau on Leadership Lowdown.
Michigan Community Service Commission funding 14 volunteer projects
LANSING, Mich. — The Michigan Community Service Commission will provide funding for 14 Michigan organizations hosting volunteer projects for the 9/11 National Day of Service that will support veterans, hunger, homelessness, and other community needs. The projects will engage 3,100 volunteers who will serve an estimated 9,800 hours of service.
Detroit’s Henry Street Restoration Includes Seven Buildings, 170 Units and a Full City Block
Marking a momentous day in The District Detroit, Cinnaire Solutions and Olympia Development of Michigan were joined on August 28 by Mayor Mike Duggan, Michigan State Housing Development Authority, Housing and Revitalization Department and other city officials to commence the restoration of Henry Street Apartments.
Detroit’s Henry Street Restoration Includes Seven Buildings, 170 Units and a Full City Block
Marking a momentous day in The District Detroit, Cinnaire Solutions and Olympia Development of Michigan were joined on August 28 by Mayor Mike Duggan, Michigan State Housing Development Authority, Housing and Revitalization Department and other city officials to commence the restoration of Henry Street Apartments.
