Cinnaire Tag Archives

Cinnaire Announces New Board Members

Cinnaire announced three new members on its board of directors. The new board members include Quinetta Roberson, John A. Hannah distinguished professor of Management and Psychology, Michigan State University; Anne McCulloch, president and CEO, Housing Partnership Equity Trust ; and Jeffrey Benson, president and CEO, Case Credit Union. 

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Cinnaire Receives $1 Million CDFI Fund Award

Cinnaire was selected as one of the 184 Community Development Financial Institutions (CDFIs) to receive an award from the U.S. Department of Treasury’s CDFI Fund. The $1 million Financial Assistance award will be used to provide creative loans and flexible financing to support low-income, distressed communities throughout Cinnaire’s footprint

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Cinnaire Announces First Property Purchased for Indianapolis’ Equitable Transit-Oriented Development Fund

Cinnaire announced the closing of a $400,000 loan with the Indianapolis Neighborhood Housing Partnership® (INHP) for land acquisition for development of affordable housing one block from a Red Line bus rapid transit station in Indianapolis. The investment is the first loan from the $15 million Equitable Transit-Oriented Development fund launched in February 2019.

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Cinnaire Appoints Vice President, Policy, Research & Advocacy

Cinnaire recently announced the appointment of Chris Neary as Vice President, Policy, Research and Advocacy in the company’s Wilmington, DE office. Chris will be responsible for the development, management and execution of Cinnaire’s public policy agenda, and the coordination of Cinnaire’s actions and work on policy matters at the state and national level.

Chris previously worked as an Economic Policy Advisor for U.S. Senator Jeanne Shaheen, crafting and advancing her legislative and policy agenda on economic issues. In this role, Chris was responsible for identifying policy opportunities and building support for policies that create economic opportunity and support small businesses. Chris has also served as Policy Director for the U.S. Senate Committee on Small Business and Entrepreneurship where he oversaw the policy agenda for the Committee, including legislation, hearings and stakeholder engagement. Chris earned his Bachelor of Arts, magna cum laude, in Policy Studies and Political Science from Dickinson College.

Since 1993, Cinnaire has invested $4.2 billion to revitalize communities, resulting in more than $7.3 billion in community impact. A non-profit Community Development Financial Institution (CDFI) certified by the U.S. Department of Treasury, Cinnaire has supported 717 housing developments, provided 47,000 affordable apartment homes and created or retained more than 65,000 jobs. Headquartered in Lansing, MI, with offices in five states, Cinnaire provides access to investment funding, lending options, and title services that support community and economic development, creating stable, sustainable and vibrant communities.