Cinnaire announced the closing of two LIHTC funds totaling $193 million. These multi-investor funds will support the creation of preservation of 1,849 affordable homes across 22 projects in nine states. The Cinnaire Fund for Housing (Fund 40) raised $120 million in committed capital for a multi-investors LIHTC fund that will support the creation of 1,165 affordable homes across 15 new construction and rehabilitation projects in four Midwest states. The Cinnaire Fund for Housing Mid-Atlantic 8 (MA8) is a $73.3 million multi-investor LIHTC fund that will support the creation of 712 affordable homes across 8 new construction and rehabilitation projects in five states, including an inaugural opportunity in West Virginia.
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