US EditionCinnaire Raises $340M for Affordable Housing Development, Preservation Across 11 States
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Cinnaire Raises $340M for Affordable Housing Development, Preservation Across 11 States
LANSING, MICH. — Lansing-based Cinnaire has closed a $340 million Low-Income Housing Tax Credits (LIHTC) fund — the largest investment fund in the organization’s 32-year history — that will finance 33 affordable housing developments across 11 states. The financing will provide 2,455 units for more than 5,400 individuals and generate more than $844 million in local economic activity, according to Cinnaire. Specifically, Fund 43 will support devel…
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