Cinnaire’s Keith Broadnax and Lucius Vassar recently joined Mayor James Mueller, City Council members, community leaders, Property Bros LLC, and CDFI Friendly South Bend to announce $500,000 in financing to bring safe, high quality, and affordable homes to South Bend, IN. At a time when more than one in four households struggle to pay rent, preserving and developing affordable housing is more important than ever.
For the second consecutive year, Cinnaire is partnering with the Detroit Public Schools Community District (DPSCD) to offer a six-week paid internship program to 20 Detroit high school students through Project Destined, a social impact program empowering the next generation of real estate owners and developers.
In January 2021, Cinnaire established the COVID-19 Resident Rental Relief Fund to provide support to renters throughout our footprint suffering from financial hardship due to the pandemic. Cinnaire contributed $250,000 and Delta Dental, the nation’s largest provider of dental benefits, provided a $250,000 contribution to support the COVID-19 Resident Rental Relief Fund. While eviction moratoria helped to keep people housed during the height of the pandemic, many low-income renters faced job loss and income reductions accruing large debts they were not able to repay without additional support.
The Lansing Board of Water & Light and Impression 5 Science Center will hold the annual Adopt A River event this Saturday, May 14 from 8:30 a.m. to 11 a.m. at Impression 5 Science Center, 200 Museum Drive in Lansing. Volunteers will help make the Lansing area even more beautiful by helping clean up the Grand and Red Cedar rivers along the 10.2 mile Lansing River Trail.
Cinnaire has announced the closing of a $145 million Low Income Housing Tax Credit (LIHTC) equity fund that will finance the development or preservation of more than 1,600 affordable homes in five states. Nineteen investors, many of them repeat investors, are participating in the fund.
The National Black Lawyers is pleased to announce that Alexander Thibodeau of Foster Swift Collins & Smith PC in Grand Rapids has been selected for inclusion into its "Top 40 Under 40 Black Lawyers" in the state of Michigan.
LAFCU CEO Patrick Spyke elected board chair of technology provider
LANSING, Mich. — LAFCU CEO Patrick Spyke has been elected chair of the board of directors for Member Driven Technologies. MDT provides technology services to more than 100 U.S. credit unions, cumulatively representing nearly 2 million members and more than $26 billion in assets.
If you are a business owner, there may come a time when you want to sell: either you want to retire, you want to do something else or you are approached with an offer from a buyer.
Cinnaire has been recognized as one of the 2022 Best Nonprofits to Work For by the Nonprofit Times, the leading business publication for Nonprofit Management. This is the eighth time Cinnaire has been honored as one of the nation’s best nonprofit to work for.
LAFCU offers $2,500 personal grants to aid in debt repayment
Michigan credit union’s support of three recipientspart of financial literacy/stability program; entry deadline May 6
LANSING, Mich. — LAFCU is now accepting entries for an essay contest that will award up to $7,500 in grants for those working to build a better financial life for themselves. The entry deadline is Friday, May 6, 2022.
