Cinnaire has named Katey Forth as Chief Operating Officer (COO), a strategic leadership appointment announced as the organization closed its largest Low-Income Housing Tax Credit (LIHTC) fund to date. The $340 million multi-investor fund will finance 33 developments across 11 states, creating 2,455 affordable housing units for more than 5,400 individuals and generating over $844 million in local economic activity. 

 

As COO, Forth will oversee Cinnaire’s day-to-day operations, including leadership of the Operations and Information Technology teams. Her appointment marks a significant milestone in her 17-year career with Cinnaire. 

“Katey brings decades of experience in finance and community development, a deep commitment to our mission, and the leadership needed to guide us through our next chapter,” said Mark McDaniel, Cinnaire President and CEO (left). “As we celebrate the success of our recent fund and progress towards the goals of our Strategic Plan, Katey’s vision and operational expertise will be key to expanding our impact even further.”

 

Forth joined Cinnaire in 2007 and has served in a variety of leadership roles, including Executive Vice President of Public Funding, President of Cinnaire Lending, and Controller. Her leadership has helped drive the success of programs supporting health care facilities, schools, workforce training centers, and affordable housing communities.

 

Prior to joining Cinnaire, she was a senior audit manager at Plante & Moran specializing in real estate and governmental audits. 

 

She holds a Bachelor of Business Administration from Western Michigan University and serves as Vice Chair of the CDFI Coalition, in addition to sitting on several nonprofit boards. 

 

With the closing of its recent Low-Income Housing Tax Credit fund, Cinnaire has deployed more than $6.8 billion in investments in affordable housing, generating $12.9 billion in total community impact and supporting the development or rehabilitation of more than 80,000 affordable homes throughout the Midwest and Midatlantic.

 

For more information on Cinnaire’s leadership team, visit Leadership Team – Cinnaire – Advancing Communities.