Senior Housing News June 6, 2024
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Construction: Planned
$175M equity fund to create or preserve 22 Midwest properties
Cinnaire recently closed the Cinnaire Fund for Housing Partnership 41, a $175.4 million multi-investor, low-income housing tax credit fund.
The fund includes 14 different investors that will create or preserve 1,228 affordable multi-family homes across 22 properties in Michigan, Illinois, Indiana, and Wisconsin. This represents the first of three multi-investor funds planned by Cinnaire this year.
One example of the fund’s expected impact includes the construction of 70 units for...
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