Cinnaire announced the closing of a $175.7 million LIHTC fund that will finance the development or preservation of more than 1,648 affordable homes and 2,441 bedrooms in five states. Nine investors are participating in the fund Cinnaire F36, which is Cinnaire’s largest multi-investor equity fund since 2016, the company said.
“Cinnaire’s new team leading Business Funding and Equity Raising, Vicki Mincey, Matt Hodges and Pam Hetz, has proven to be a success, and in just a short time, raised the second largest multi-investor fund since Cinnaire’s inception,” said Brett Oumedian, Cinnaire CFO. “The incredible response from investors and the 90 percent repeat developers will allow Cinnaire to continue to support and enhance our communities and improve the quality of so many lives.”
