President and CEO of Cinnaire, Mark McDaniel, joins MBN’s Jeffrey Mosher to talk about Cinnaire’s approach to navigating the COVID-19 pandemic and how they are anticipating a restart. They also talk about Cinnaire’s involvement in new projects the company has been involved in. One of which is the Allen Place Project in Lansing Michigan, which will generate investment of $11 Million and create 14 Full-time Jobs.
Watch full interview with Mark now!
Cinnaire Announces Funding to Support the Allen Place Project in Lansing, MI
News Release provided by Cinnaire
Cinnaire has announced a $300,000 predevelopment loan to support the Allen Place Project, one of four community revitalization projects in Michigan approved by the Michigan Strategic Fund to help create the vibrant communities that attract talent through innovative place-making. By contributing to traditional downtown districts and revitalizing public space in geographically disadvantaged areas, these projects are helping to establish attractive places to live, work and play. The projects are also levering critical federal dollars to support economic development activity in Michigan.
The Allen Place Project is expected to generate a capital investment of $11 million and create 14 full-time equivalent jobs, resulting in a $1.5 million Michigan Community Revitalization Program performance-based grant. Cinnaire Solutions, the in-house development division of Cinnaire, has partnered with ANC Holdings, LLC, to co-develop the project.
“The Allen Place Project exemplifies the kind of meaningful impact that happens when community members come together to be a force for positive change,” said Christopher Laurent, Cinnaire Solutions President. “The Cinnaire Solutions team is proud to work alongside our partners at the Allen Neighborhood Center to bring a community hub featuring an array of services to Lansing’s eastside. Once complete, the Allen Place Project will serve as a model for transformative community development.”
Read full article here: https://cinnaire.com/cinnaire-announces-funding-to-support-the-allen-place-project-in-lansing-mi/
About Cinnaire
Cinnaire is guided by an unwavering belief that all people deserve the opportunities provided by living in healthy communities. Since 1993, the organization has invested $4.2 billion toward that goal, resulting in more than $7.3 billion in community impact. A non-profit Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury, Cinnaire has supported 717 housing developments and 3.3 million square feet of commercial space, provided 101,000 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.
