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Cinnaire is a community development financial partner that creates opportunities for people in need by seeking out and developing partnerships with mission-focused organizations and investors, and by deploying capital and expertise to foster community-driven revitalization.
Overview
Location
United States, Michigan, Lansing
Employees
51-200
Phone
+1 877-367-4523
Total raised
$122K
Founded date
1993
Funding Rounds 2
| Date | Series | Amount | Investors |
| Sign up to see | Sign up to see | Sign up to see | Sign up to see |
| Oct 30, 2020 | Funding round | $40K |
Mentions in press and media 8
| Date | Title | Description |
| Sign up to see | Sign up to see | Sign up to see |
| Oct 24, 2024 | Michigan CDFI Coalition: $186.9 Million In Federal Funding Awarded To 9 Institutions | Over $186.9 million was recently awarded to nine Michigan Community Development Finance Institutions (CDFI) from federal funds to build capacity and advance their missions, supporting economic revitalization efforts in underserved communiti... |
| Jun 12, 2024 | Cinnaire: $175 Million Equity Fund Closed To Create More Affordable Homes | Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, which is a $175.4 million multi-investor Low-Income Housing Tax Credit (Housing Credit) fund. This fund comprises 14 investors and will support the creation or ... |
| Sep 22, 2022 | The Affordable Housing Tax Credit Coalition Presents the Edson Award to A Safe Haven Foundation and KMA Companies For Rauner Family Veterans Apartments in Hobart, Indiana | “I believe that no veteran should ever be homeless. We have a long way to go, and I am committed to building more affordable housing with our partners at KMA Companies and others who share our vision and mission in the future." WASHING... |
| Sep 3, 2021 | Cinnaire was awarded $60M for high-impact projects in ‘disinvested neighborhoods’ | Cinnaire, a Michigan-headquartered nonprofit CDFI lender with a mid-Atlantic location in downtown Wilmington, has been awarded a $60 million New Markets Tax Credit (NMTC) Allocation from the U.S. Department of Treasury’s Community Developme... |
| Dec 10, 2020 | MACATAWA BANK CORPORATION Macatawa Bank : Announces Investment in Fund to Develop Affordable Housing in Michigan Communities | For Immediate Release HOLLAND, Mich. (December 4, 2020) Macatawa Bank has announced a $2 million investment to support affordable housing development in partnership with Cinnaire and the Michigan Bankers Association Service Corporation (MBA... |
| Dec 10, 2020 | Macatawa Bank : Announces Investment in Fund to Develop Affordable Housing in Michigan Communities | For Immediate Release HOLLAND, Mich. (December 4, 2020) Macatawa Bank has announced a $2 million investment to support affordable housing development in partnership with Cinnaire and the Michigan Bankers Association Service Corporation (MBA... |
| Oct 30, 2020 | Cinnaire’s Jumpstart Wilmington gets a $40K boost to train local developers | Cinnaire, a community development financial institution with a Wilmington location, is working to revitalize neighborhoods by empowering its residents to become its property owners, developers and renovators with a new program. Called Jumps... |
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FAQ about Cinnaire
When was Cinnaire founded?
Cinnaire was founded in 1993.
How much funding has Cinnaire raised?
Cinnaire has raised $122K in total across 2 funding rounds.
What funding rounds has Cinnaire raised?
Parsers VC lists 2 funding rounds of Cinnaire, among them a funding round of $40K on Oct 30, 2020.
What has the press written about Cinnaire?
Parsers VC has collected 8 articles mentioning Cinnaire, among them “Michigan CDFI Coalition: $186.9 Million In Federal Funding Awarded To 9 Institutions” (Oct 24, 2024) and “Cinnaire: $175 Million Equity Fund Closed To Create More Affordable Homes” (Jun 12, 2024).
Is Cinnaire still active?
Yes, Cinnaire is active; its latest activity on Parsers VC dates from Feb 19, 2025.