The Cinnaire Fund 43 investment includes Imani Village Phase IV in Wilmington, a key affordable housing development supporting the Riverside neighborhood’s ongoing revitalization. (Photo courtesy of Pennrose)

Cinnaire closes $340M fund for affordable housing, including Wilmington’s Imani Village

Claudia EstradaBusiness, Delaware Nonprofits, Headlines

Cinnaire has announced the closing of a $340 million Low-Income Housing Tax Credit (LIHTC) multi-investor fund, the largest in its 32-year history. Known as Fund 43, the investment will support the development and preservation of affordable housing across 11 states, including a major project in Wilmington.  The fund will finance 33 developments, resulting in 2,455 affordable housing units and benefiting more …

Delaware LIVE Weekly Review – August 21, 2022

Sonja FreyDelaware Live, Weekly Review

Click on the image below to view as a PDF This Week’s Top Headlines Include: Headlines Bonini faces 2 GOP challengers for seat he’s held 27 years Could these new homes break the cycle of poverty? Here’s why state wants advice on school funding Caesar Rodney student, father sued over gym dodgeball incident Culture Finally! Broadway’s Brian Stokes Mitchell to …

Imani Village 10

Could these new homes break the cycle of poverty?

Charlie MegginsonGovernment, Headlines

Shortly after single mother of two Alison Mendez moved into northeast Wilmington’s Riverside neighborhood five years ago, there was a shooting right behind her home. “It scared me and my kids,” Mendez said. “But today, it’s changed.” She spoke before a crowd of some 300 community members, among them leaders in government, business, nonprofit, and philanthropy. They gathered in Riverside …