Cinnaire
Cinnaire is a nonprofit Community Development Financial Institution (CDFI) founded in 1993 that provides lending, tax credit equity syndication, and real estate development services for affordable housing and community development projects across 13 Midwest and Mid-Atlantic states.
- Company typePrivate
- Founded1993
- HeadquartersDetroit, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Cinnaire does
Cinnaire is a nonprofit Community Development Financial Institution (CDFI) founded in 1993 in Lansing, Michigan, by CEO Mark McDaniel. The organization provides flexible capital and development expertise for affordable housing and community development projects across 13 states in the Midwest and Mid-Atlantic. It operates through five core subsidiaries: Cinnaire Lending Corporation (CDFI loans for acquisition, construction, pre-development, mini-perm, NMTC leveraged loans, lines of credit, and bridge loans), Cinnaire Equity Partners (LIHTC equity syndication across multiple funds), Cinnaire Solutions (nonprofit, mission-driven real estate development), Cinnaire Title Services (title insurance and escrow in Michigan, Indiana, and Wisconsin), and a cooperative ownership stake in CPC Mortgage Company (Freddie Mac, Fannie Mae, and HUD/FHA multifamily Agency lending). Cinnaire also operates specialized programs including Permanent Supportive Housing, the Strong Families Fund (a pay-for-performance social services pilot with the Kresge Foundation and Robert Wood Johnson Foundation), and Jumpstart Wilmington (developer training, transitioning to Destiny CDC in July 2026).
Cinnaire generates revenue primarily through three streams: (1) interest income and fees on direct CDFI loans to developers and nonprofit sponsors (loan sizes $500K-$6M, with 1.5% loan fees and a $5,000 minimum); (2) management, asset-management, and syndication fees from LIHTC, NMTC, and Historic Tax Credit equity funds, with five active credit funds and $307M and $134M funds closed in 2026; and (3) professional services revenue from Cinnaire Solutions development work and Cinnaire Title Services. Funding for lending is sourced from government grants and tax credit allocations (e.g., $85M NMTC allocation in 2024-2025 round, $678M cumulative NMTC since 2009), bank credit facilities (e.g., $10M from KeyBank in 2023), FHLBC Affordable Housing Program grants, and co-investments with corporate partners (PNC, Chase, Kresge Foundation). Go-to-market is sales-led and relationship-driven across developer, investor, nonprofit, and government segments, with customers served by relationship managers in seven offices.
Since 1993, Cinnaire has generated $14B+ in social/environmental impact, developed or financed 3,624+ affordable homes, supported 1,200+ housing developments, created 95,000+ jobs, and received industry awards including multiple Novogradac QLICI of the Year awards and Charles L. Edson Tax Credit Excellence Awards. As of 2026, Cinnaire employs 170+ staff, holds an AA- Aeris Financial Strength rating (the first independent CDFI rating it has received), and was ranked #3 on The Nonprofit Times Best Nonprofits to Work For list.
Cinnaire firmographics
Firmographics- Name
- Cinnaire
- Legal name
- Cinnaire Lending Corporation
- Website
- https://cinnaire.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Cinnaire is a nonprofit Community Development Financial Institution (CDFI) founded in 1993 that provides lending, tax credit equity syndication, and real estate development services for affordable housing and community development projects across 13 Midwest and Mid-Atlantic states.
- Ownership category
- akta.pro rank
Cinnaire industry classification
Industry- Product category
- Community Development Finance
- NAICS
- Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Federal & Federally-Sponsored Credit Agencies (6111), Loan Brokers (6163)
- akta.pro primary industry
- Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans) (FSALAKAF)
Keywords
Where Cinnaire is headquartered
LocationHeadquarters
- HQ city
- Detroit
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Cinnaire business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Lending Interest and Fees: Cinnaire generates revenue through interest on loans provided to developers and community organizations for affordable housing and community development projects. Loan products include acquisition, construction, pre-development, mini-perm financing, NMTC leveraged loans, lines of credit, and bridge loans.
- Tax Credit Equity Fund Management: Cinnaire syndicates Low-Income Housing Tax Credit (LIHTC) equity funds, generating management fees from overseeing fund investments and investor relations.
- New Markets Tax Credit Program: Cinnaire deploys NMTC allocations to support high-impact community facilities, generating fees for structuring and managing these investments.
- Development Services: Cinnaire Solutions provides real estate development services including development consulting, project management, and co-development partnerships.
- Title Services: Cinnaire Title Services provides title insurance and escrow services for complex real estate transactions in Michigan, Indiana, and Wisconsin.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | CDFI Lending Products |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels6 records
Cinnaire product offering
Product offeringCore offering
Cinnaire is a nonprofit Community Development Financial Institution (CDFI) that provides creative capital solutions for affordable housing and community development. Its core offerings include CDFI lending products (acquisition, construction, pre-development, mini-perm, lines of credit, bridge loans), Low-Income Housing Tax Credit (LIHTC) equity syndication, New Markets Tax Credit (NMTC) allocation deployment, Historic Tax Credit (HTC) investments, agency multifamily mortgage lending through CPC Mortgage, real estate development services through Cinnaire Solutions, and title insurance/escrow through Cinnaire Title Services.
Product overview
Cinnaire is a nonprofit community development financial institution (CDFI) offering a unified platform of financial products and development solutions for affordable housing and community development. The core offering consists of Cinnaire Lending (CDFI lending with products including acquisition, construction, pre-development, mini-perm financing, and bridge loans), CPC Mortgage (Freddie Mac, Fannie Mae, and FHA multifamily lending), and Tax Credit Investing (LIHTC, NMTC, and Historic Tax Credits). These are supported by Cinnaire Solutions (nonprofit real estate development subsidiary) and Cinnaire Title Services (title insurance). The company also operates specialized programs including Permanent Supportive Housing for recovery/veterans/families, the Strong Families Fund for social service coordination, and Jumpstart Wilmington developer training. The portfolio spans 13 states across the Midwest and Mid-Atlantic.
Differentiator
Problem solved
Functional benefit
Brands
- Cinnaire Equity Partners: Low-Income Housing Tax Credit (LIHTC) equity investment and syndication division of Cinnaire
- Cinnaire Solutions
- CPC Mortgage
- Cinnaire Cares
- Strong Families Fund
- Jumpstart Wilmington
- Art of Leadership Academy (ALA)
Products and services
- Cinnaire Lending Cinnaire's CDFI lending division providing financing for affordable housing, education, healthcare, community facilities and economic development. Offers loan products including acquisition, construction, pre-development, mini-perm financing, NMTC leveraged loans, lines of credit, and bridge loans. Minimum loan amount $500,000; maximum $6,000,000 with larger sizes considered per deal. Loan fees: 1.5% (minimum $5,000).
- CPC Mortgage
Quantifiable outcome
- $14 billion+ in community impact generated since 1993
- +5 more outcomes
Companies that use Cinnaire
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles4 records
Cinnaire technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Cinnaire partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and strategic.
- Leon N. Weiner & Associates (LNWA)coreLNWA completed the $38.1 million acquisition-rehabilitation of Tamerlane Apartments, preserving large-scale USDA housing. The transaction layered $11.4 million J.P. Morgan tax-exempt bonds, $11.9 million Cinnaire LIHTC equity, and $14.1 million USDA Section 515 debt.
- Aeris (CDFI Rating Service)coreAeris is the leading independent rating and information service for CDFIs, providing corporate, government, and philanthropic investors with tools to evaluate CDFI performance, impact, and accountability. Cinnaire Lending received AA- rating for Financial Strength and Performance.
- Center City Housing CorpcoreCenter City Housing developed Wadena West and Welch Place, two Permanent Supportive Housing developments totaling 90 units in West Duluth, Minnesota. Cinnaire provided LIHTC equity from Minnesota Equity Fund.
- Freddie MaccoreCinnaire is a cooperative owner in CPC Mortgage Company providing multifamily finance products through Freddie Mac. CPC Mortgage offers agency mortgage capital for high-impact multifamily projects.
- Fannie MaecoreCinnaire provides multifamily finance products through CPC Mortgage Company with multiple licenses including Fannie Mae. Agency lending increases access to flexible mortgage capital.
- HUD/FHAcoreCPC Mortgage Company holds HUD/FHA licenses enabling multifamily financing through Federal Housing Administration programs.
- Ethos Development PartnerscoreEthos Development Partners collaborated with Cinnaire Solutions and Mariners Inn on The Anchor at Mariners Inn, a $25.2 million mixed-use development in Detroit.
- Corporation for Supportive Housing (CSH)strategicCSH partnered on the Strong Families Fund, providing expertise in supportive housing and pay-for-performance models for resident services coordination.
- Commonwealth Holdings IVcoreDeveloper partner for 3rd Avenue Flats in Dilworth, Minnesota, a 44-unit affordable housing development serving families with disabilities and homelessness.
- Lakes & Prairies Community Action Partnership (CAPLP)coreCAPLP provides access to Minnesota's community coordinated entry system for 3rd Avenue Flats residents, connecting them to homeless housing programs and emergency resources.
- Norfolk Redevelopment & Housing AuthoritycoreNorfolk Redevelopment & Housing Authority leads Sykes Midrise, an 84-unit acquisition-rehabilitation preserving affordable senior housing in Norfolk, VA.
- Lutheran Social Services (LSS)coreLSS delivers on-site services for Permanent Supportive Housing units at The Argus Apartments in Verona, WI, as part of its 140+ year commitment to compassionate support.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Cinnaire competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cinnaire social profiles
Digital presenceCinnaire compliance and trust
Trust signalCompliance2 records
Cinnaire financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cinnaire leadership team
Management profileNumber of profiles
Profiles15 records
Cinnaire subsidiaries and ownership
Company hierarchySubsidiaries5 records
Cinnaire funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cinnaire M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cinnaire
What does Cinnaire do?
Cinnaire is a nonprofit Community Development Financial Institution (CDFI) that provides creative capital solutions for affordable housing and community development. Its core offerings include CDFI lending products (acquisition, construction, pre-development, mini-perm, lines of credit, bridge loans), Low-Income Housing Tax Credit (LIHTC) equity syndication, New Markets Tax Credit (NMTC) allocation deployment, Historic Tax Credit (HTC) investments, agency multifamily mortgage lending through CPC Mortgage, real estate development services through Cinnaire Solutions, and title insurance/escrow through Cinnaire Title Services.
Is Cinnaire a public or private company?
Cinnaire is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Cinnaire founded?
Cinnaire was founded in 1993. It employs 101 to 250 people.
Where is Cinnaire based?
Cinnaire is headquartered in Detroit, United States, in the North America region.
How does Cinnaire make money?
Five revenue lines are on record. Lending Interest and Fees are the primary driver. The others are tax Credit Equity Fund Management, new Markets Tax Credit Program, development Services and title Services.
Does Cinnaire have an API?
No public API is recorded for Cinnaire.
What industry is Cinnaire in?
Cinnaire's product category is Community Development Finance. Its primary akta.pro industry code is FSALAKAF, Affordable Rental & Multifamily Housing Finance Programs (LIHTC/Tax Credits/Subsidized Loans). Its NAICS code is 522310 and its SIC code is 6162.