Cinnaire Lending Corporation (CLC), a certified Community Development Financial Institution has been awarded a $5 million Equity Equivalent investment, or EQ2, from Fifth Third Bank. Cinnaire Lending will leverage Fifth Third’s $5 million commitment to provide financing to developers for the rehabilitation and construction of affordable for-sale homes, multifamily housing and community facilities in Illinois and Michigan. Additionally, Cinnaire Lending and Fifth Third are partnering with emerging developers in both states leveraging the investment as a catalyst to further work in underinvested communities.
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