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What's New in the Blog

Cinnaire Partners with Property Bros & CDFI Friendly South Bend to Develop Affordable Homes for South Bend Families

Michigan Business Network
May 25, 2022 11:00 AM

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.

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Cinnaire Partners with Project Destined & Detroit Public Schools Community District

Michigan Business Network
May 23, 2022 2:00 PM

to Launch Second NextGenNow Cohort

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.

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Cinnaire’s Resident Rental Relief Fund Provides Support to 450 Families

Michigan Business Network
May 19, 2022 4:00 PM

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.

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LBWL | Annual Adopt A River Event to be Held Saturday

Michigan Business Beat
May 12, 2022 9:00 AM

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.

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Cinnaire Closes $145 Million in Committed Capital for Development of Affordable Housing in Five States

Michigan Business Network
May 3, 2022 11:00 AM

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.

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Foster Swift | Thibodeau Selected to NBL "40 Under 40" List

Michigan Business Network
April 15, 2022 12:00 PM

Courtesy of The National Black Lawyers (NBL)

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.

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LAFCU CEO Patrick Spyke Elected Board Chair of National Technology Provider

Michigan Business Network
April 15, 2022 11:00 AM

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.

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Foster Swift | Learn Key Considerations for Selling a Business

Michigan Business Network
April 12, 2022 12:00 PM

Foster Swift 2nd Wednesday Morning Break - April 13th.

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.

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Cinnaire Recognized as Best Nonprofit to Work For by the Nonprofit Times

Michigan Business Network
April 12, 2022 11:00 AM

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.

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LAFCU Launches Contest for Three $2,500 Debt Relief Grants

Michigan Business Network
April 8, 2022 4:00 PM

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.

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