Cinnaire has announced its NMTC development, Ivy Tech Automotive Technology Center in Indianapolis, has been recognized with a prestigious 2022 Novogradac Journal of Tax Credits Real Estate QLICI of the Year Award. The Novogradac Journal of Tax Credits Community Development QLICIs of the Year Awards recognize organizations that have made exceptional qualified low-income community investments in the past year. Cinnaire received the Real Estate QLICI of the Year Award for its investment in the Ivy Tech Automotive Technology Center, a workforce development training center located in Indianapolis, IN. Cinnaire provided a $9 million New Markets Tax Credit investment to support the $14 million project. Additional NMTC financing was provided by PNC Community Partners, Inc., and the Indianapolis Redevelopment CDC.