Cinnaire, a non-profit Community Development Financial Institution (CDFI) that provides creative loans, investments and development services, has announced the company will celebrate their 25th Anniversary August 1st in Lansing’s REO Town neighborhood. The lively event will feature billboard charting international jazz Artist Phil Denny, national jazz artist Taylor Taylor and a special community art dedication commemorating Cinnaire’s twenty-five-year commitment to supporting healthy, vibrant communities.
Originally the Michigan Capital Fund for Housing, Cinnaire was established with support from the Michigan State Housing Development Authority (MSHDA) in Lansing in 1993. As the company has grown to revitalize communities throughout a 9-state footprint, the organization rebranded to become Cinnaire in 2015. Cinnaire ensures all people have access to the opportunities provided by living in healthy communities. In their history,the company has invested over $3.7 billion in affordable housing and economic development, spurring $7 billion in community impact. Cinnaire manages 58 housing tax credit equity funds, more than 500 community development loans and has invested more than $500 million in New Markets Tax Credits (NMTC).
“We look forward to joining our partners, colleagues, community leaders and Lansing residents to celebrate our 25thyear anniversary,” said Mark McDaniel, Cinnaire president & CEO. “Cinnaire has been a proud member of the Lansing community since establishing our headquarters here 25 years ago. We will continue to be a strong supporter of the community and economic development momentum happening in Lansing, particularly right in our REO Town neighborhood.”
About Cinnaire Since 1993, Cinnaire has invested $3.7 billion to revitalize communities, resulting in more than $7 billion in community impact. A non-profit Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury, Cinnaire has supported 676 housing developments, provided 47,000 affordable apartment homes and created or retained more than 65,000 jobs. Headquartered in Lansing, MI, with offices in five states, Cinnaire provides access to investment funding, lending options, and title services that support community and economic development, creating stable, sustainable and vibrant communities.www.cinnaire.com