Cinnaire announced the appointment of three new Board members to join the organization’s Board of Directors to provide strategic direction supporting continued growth around Cinnaire’s commitment to investing in people and places to transform communities. The new board members include Fred L. Greene III, FLGA (executive vice president), Amandula Anderson (IFF, executive director – Indiana Region), and Sarida Lynne Scott (assistant professor and director, University of Detroit Mercy School of Architecture and Community Development).
Cinnaire also announced the closing of the Cinnaire Fund for Housing (Fund 39), a $151 million multi-investor LIHTC fund. The fund will support the creation of 1,464 affordable homes across 14 new construction and rehabilitation projects in five Midwest states. Fund 39 is the first of four multi-investor funds planned by Cinnaire this year.
