Cinnaire recently announced Susan Frank has been named Executive Vice President, Business Development. In this new position, Susan will be responsible for directing the company’s growth strategy throughout Cinnaire’s 9-state footprint, including community development initiatives, equity and debt. Susan has been involved in the affordable housing and community development industry for more than 25 years.“Susan is recognized as a leader, innovator and highly regarded expert in the affordable housing and community development industry,” said Jim Peffley, Cinnaire Chief Strategy Officer. “For more than two decades, she has been committed to supporting neighborhood revitalization and creating vibrant communities that provide opportunities for all people. As Executive Vice President, she will lead Cinnaire’s business development growth and enhance our approach to engaging partners and expanding our presence across our geographies.”
Susan joined Cinnaire in 2014 as Senior Vice President managing business development in the MidAtlantic region. Prior to that, she was with Fannie Mae, most recently as Director of Customer Account Management in the organization’s Multifamily Mortgage Business. Previous positions with Fannie Mae included managing the company’s CDFI product and the Delaware Community Investment Center. Susan served as the Executive Director of the Delaware State Housing Authority (DSHA) from 1993-2000. During that time, she was a member of the Governor’s Cabinet and the Governor’s Family Services Cabinet Council. Prior to serving as Executive Director at DSHA, Susan was the Chief Legislative Advisor to then-Rep. Tom Carper (D-DE) on all matters before the U.S. Housing of Representative’s Banking Committee and Housing Subcommittee.
Susan earned her B.A. from the University of Delaware. She is the Board Chair for the Fort DuPont Redevelopment and Preservation Corporation. Susan serves on the board of the Wilmington Neighborhood Conservancy Land Bank, the Todmorden Foundation, and TD Bank’s Leadership Council, as well as the First State Community Loan Fund’s Market Street Corridor Revitalization Fund Review Committee and State Bank Commissioner’s Financial Literacy Grant Review Committee.
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