Cinnaire has successfully closed the Cinnaire Fund for Housing Partnership 42, a $190 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund. This significant achievement will contribute to the development or preservation of 1,478 affordable multifamily homes across 21 properties, providing housing for over 3,400 individuals. The fund covers a wide geographic range from Wisconsin to Delaware and has attracted investments from both national and regional banks who have previously partnered with Cinnaire.
Ryan Robinson, President of Cinnaire Syndication stated that each closing is a reminder of their ongoing dedication to bringing affordable housing options to the communities they serve. The developments funded by this LIHTC include designated units specifically designed for seniors and individuals with special needs in order to ensure that vulnerable populations have access to safe, high-quality and affordable homes. This successful closure highlights Cinnaire’s commitment towards creating sustainable solutions for addressing the need for affordable housing nationwide.
