**Cinnaire Raises $134M to Advance Affordable Housing Development**
Cinnaire has announced the successful closing of a $134 million Low-Income Housing Tax Credit (LIHTC) fund, named 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.
“Through these investments, we’ll be able to help communities meet urgent housing needs while also supporting job creation, economic activity, and long-term neighborhood stability,” said Josh Ghena, President of Cinnaire Equity Partners.
Projects supported through Fund 44 include Chamberlain House, a new construction development in Rochester providing 40 affordable housing units for families; East Bay Flats in Traverse City, an acquisition and rehabilitation project delivering 64 affordable homes; and Element Collective in Madison, which will add 197 new affordable housing units.
With the closing of Fund 44, Cinnaire has now raised nearly $5.7 billion in LIHTC equity, leveraging more than $12 billion in total community investment.
In related news, industry professionals are invited to attend the Connect Midwest Multifamily Trends 2026 conference, taking place on Tuesday afternoon, June 2, 2026, at Joe’s Live in Rosemont, IL.
