Cinnaire has successfully closed the Cinnaire Fund for Housing Partnership 42, a $190 million Low-Income Housing Tax Credit (LIHTC) fund. This significant achievement will provide support for the development or preservation of 1,478 affordable multifamily homes across 21 properties, benefiting over 3,400 individuals. The fund will also invest in communities throughout Wisconsin to Delaware through a single fund structure. Notably, both national and regional banks have invested in this project as repeat investors with Cinnaire.
Ryan Robinson, President of Cinnaire Syndication stated that each closing serves as a reminder of their ongoing dedication to bringing affordable housing options to the communities they serve. The developments funded by this program include designated units for seniors and individuals with special needs – ensuring that vulnerable populations have access to safe and high-quality affordable homes.
This news was originally reported on Connect CRE.
