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Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States
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Cinnaire Closes $134M LIHTC Fund for 12 Affordable Housing Projects Across Five States
LANSING, MICH. — Cinnaire has closed a $134 million low-income housing tax credit (LIHTC) fund, Cinnaire Fund for Housing 44. The fund will finance 12 affordable housing developments across five states, creating or preserving 950 homes for families, seniors and individuals with special needs. Fund 44 will support developments such as Chamberlain House in Rochester, Ind., East Bay Flats in Traverse City, Mich. and Element Collective in Madison, W…
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