Cinnaire announced the closing of the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor LIHTC fund. The fund comprises 14 investors and will support the creation or preservation of 1,228 affordable multifamily homes across 22 properties in Michigan, Illinois, Indiana and Wisconsin. Fund 41 is the first of three multi-investor funds planned by Cinnaire this year. To date, Cinnaire has closed more than $5 billion in tax credit funds supporting affordable housing in ten states.
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