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Chris Holman welcomes Mark McDaniel, President & CEO, Cinnaire, headquartered in Lansing, MI, serving 9 states. He is joined on this interview by,... Jennifer Calery, Strategic Communications Specialist, Cinnaire, Alpena, MI, assisting her local Boys and Girls Club. Mike Daust, Mark's brother-in-law, Plant Manager, Albie's Food Products, LLC, Gaylord, MI. Welcome back Mark share the scope of the issues folks have endured "up north"? You have a couple of folks with you can you please introduce them? Jennifer I understand you're assisting shelters? You met with Governor Whitmer last week, tell us more? Electricity is coming back on but share about the Alpena storm damage? Mike, share about the storm's impact on Gaylord, and your workforce? » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN's YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Originally uploaded July 11th, re-edited April 22nd. Jeffrey Mosher welcomes Elissa Sangalli, President/CEO, Northern Initiatives, Marquette, MI. Questions 1. Can you explain the significance of Michigan having the largest state-supported CDFI program in the nation? 2. How will the $19 million awarded in this second round of MEDC funding specifically impact Michigan communities? 3. How has MEDC's MI CDFI Fund impacted Northern Initiatives and other members of the coalition's ability to support underserved communities? 4. The FY2025 state of Michigan budget recently passed and the MI CDFI Fund was allotted $5M in funding. What specific initiatives or projects are expected to benefit most from this increased funding? 5. What role do you see CDFIs playing in the broader economic development of Michigan? $19 Million Awarded to 38 CDFIs to Support Underserved Borrowers Michigan Hosts the Nation's Largest State CDFI Fund, Granting Support for Underserved Consumers, Small Businesses, Affordable Housing, and Neighborhood Revitalization LANSING, MI, June 24, 2024 – The Michigan Economic Development Corporation (MEDC) has awarded $19 million in grants to 38 Community Development Finance Institutions (CDFI) through the Michigan Community Development Financial Institution Fund Program (MI CDFI Fund Program). With this second round of funding, Michigan now has the largest state-supported CDFI program in the nation. In total, the MI CDFI Fund has awarded $84 million to 46 CDFIs. CDFIs are mission-based lenders that provide flexible and affordable financing to small and micro-businesses, first-time home buyers, affordable housing developments, and projects that revitalize neighborhoods, commercial corridors, and community spaces. CDFIs expand access to capital and the resources needed to grow communities by offering financial services, technical assistance, and more. The MI CDFI Fund is a grant program aimed at assisting CDFIs grow their lending capacity and meet the growing demands of underserved borrowers. To qualify for MI CDFI Fund grants, an organization must be a certified CDFI, in good standing with the US Department of Treasury, either be headquartered in Michigan or have a Michigan presence and commit to allocating no less than 80% of grant funds to support Michigan borrowers. “The MI CDFI Fund is critical to the loan programs our members provide throughout the state,” said Elissa Sangalli, Chair of the Michigan CDFI Coalition and President of Northern Initiatives. Michigan CDFIs have a big impact in communities throughout the state. According to MI CDFI Coalition research, Michigan's CDFIs have deployed more than $4 billion in loans in addition to accomplishing the following: Created more than 30,000 permanent jobs; Deployed $1.53B PPP loans to Michigan businesses and nonprofits, preserving 165,000 jobs; Developed or preserved over 14,000 housing units (72% affordable); and Supported over 7,000 small or micro-businesses. First-round funds from the MI CDFI Program are already being deployed into Michigan Communities. Chi Ishobak, Inc. has issued a loan to a tribal-owned small business in Fraser, Michigan to purchase equipment, allowing the business to increase production and boost revenue. Cinnaire created the Community Development Organization (CDO) Loan Pilot Program Second round MI CDFI Fund Program grants were awarded to dozens including: Cinnaire Lending Corporation Northern Initiatives Learn more about the Michigan CDFI Coalition and its members at www.micdfi.org and more about the MI CDFI Fund Program at https://www.michiganbusiness.org/services/access-capital/cdfi-fund/
Originally uploaded February 6, re-edited April 5th. Chris Holman welcomes back Mark S. McDaniel, President & CEO, Cinnaire, headquartered in Lansing, MI, covering 9 states. Welcome back Mark, please remind the Michigan business community about Cinnaire? What were some highlights of 2024? Recent headlines for Cinnaire have included La Joya Gardens Grand Opening Brings New Affordable Housing & Retail Space to Southwest Detroit, can you tell us about that? Remind us about "Cinnaire Solutions"? Mark, your philanthropic efforts with Haven House are in full swing as we approach another year of Pancake-Palooza, remind us about that? » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN's YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Join us for this month's episode of Cinnaire's Advancing Communities Podcast, featuring the asset management series AM With A&M. Hosted by April Priebe and Miranda Bialk, this series dives into strategies, insights, and resources for professionals working in the field of asset management. In the US, only 12% of asset or fund management positions are held by women, with less than 2% of teams being led by women. In this episode, April and Miranda invited the women at Cinnaire to discuss their experiences working in asset management. Guests for this episode include: Andrea Johnson, Asset Manager; Amy Pool, Compliance Specialist; Lora Brantley-Gilbert, VP of REO and Special Assets: Cassie Oracz, Asset Manager; Brooke Allen, Stabilized Asset Manager; Pam Darke, Stabilized Asset Manager; Jillian Wilson, Fund Analyst; Beth Baar, VP of Stabilized and Construction Assets; Karen Benson, Compliance Specialist; and Jen Wendtland, Fund Manager. Tune in to hear: Challenges women have faced in the field Strategies they have implemented to overcome gender-biased situations; The benefits that come from having diversified professionals serving as property managers, asset managers, compliance specialists, inspectors and developers in a traditionally male-dominated industry; And support systems available, including the Michigan Women in Affordable Housing Network (WAHN) and inclusive employers like Cinnaire. About Our Hosts: April Priebe manages special assets for Cinnaire, and Miranda Bialk is the Manager of Stabilized Assets. Together, they bring over 22 years of experience in affordable housing and asset management.
Join us for a special episode of Cinnaire's Advancing Communities Podcast, featuring the asset management series AM With A&M. Hosted by asset management experts April Priebe and Miranda Bialk, this series dives into strategies, insights, and resources for professionals working in the field of asset management. In this episode, April and Miranda welcome Peter Giles, Senior Vice President of Public Funding, and Max Novak, NMTC Program Manager, both from Cinnaire. With a combined 20 years of experience, Peter and Max break down the intricacies of New Market Tax Credits (NMTC) and their role in driving impactful community development projects. Tune in to learn: The key differences between NMTC and LIHTC investments The guidelines and qualifications for NMTC eligibility The benefits and challenges of managing an NMTC portfolio How developers and investors can tap into the NMTC program to support community-focused projects Don't miss this insightful discussion about leveraging NMTCs to build stronger, more equitable communities. About Our Hosts: April Priebe manages special assets for Cinnaire, and Miranda Bialk oversees construction and lease-up projects. Together, they bring over 22 years of experience in affordable housing and asset management. To listen to Advancing Communities Podcast, click below for: Google Podcasts Apple Podcasts
Originally uploaded April 15th, reedited June 27th. Chris Holman welcomes back Mark McDaniel, President & CEO, Cinnaire, Lansing, Michigan, serving multiple state of the Great Lakes and Mid Atlantic regions. Welcome back Mark, refresh our Michigan audience on Cinnaire's purpose and scope of services? Charity is a big part of Cinnaire and your life, how did Pancakepalooza 2024 go for you? Tell us about Cinnaire Support for CARH Scholarship Foundation? Cinnaire also stepped up again while Celebrating MLK Day with Dr. Martin Luther King Jr. Commission of Mid-Michigan? Tell us about the Ubuntu Fund Secures $55 Million Investment from Prominent Financial Institutions to Create Pathways for Equitable Access? » Visit MBN website: www.michiganbusinessnetwork.com/ » Watch MBN's YouTube: www.youtube.com/@MichiganbusinessnetworkMBN » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Cinnaire's Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM). In this month's podcast, April and Miranda invite Kristin Bolan, manager, special and stabilized assets, Cinnare, to discuss how asset managers identify emerging risks and work to stabilize troubled assets. Kristin has been with Cinnaire for six years, where she has served as an asset manager, special assets/stabilized assets and now oversees Cinnaire's stabilized equity portfolio including special assets and their asset managers. In this podcast, you'll learn: Steps to identify an emerging risk What triggers a project to get on the watchlist How to stabilize an asset to emerge off the watchlist. The importance of having a proactive asset management team with open communications among partners
Cinnaire's Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bring together thought leaders, policy makers, and others to discuss issues, share strategies and provide resources to professionals working in the field of asset management (AM). In this month's podcast, April and Miranda invite Joseph Hankes, Senior Asset Manager for the Wisconsin Housing Preservation Corp. to talk about asset management from the developer's perspective. As a senior asset manager, Joseph is responsible for developing and maintaining strategic asset management, financial management, and risk management activities for WHPC, the largest owner of affordable rental housing in the State of Wisconsin. In this podcast, you'll learn about: • The importance of collaboration between the asset management team and the development team, particularly in the early stages of development • What to consider when assessing risk levels from the construction phase through lease-up • What demarcates the construction phase from the lease-up phase • The importance of monitoring actual outcomes vs. projections to ensure compliance, particularly in the first year. • How to develop contingency plans if compliance is endangered • And how a Tik Tok challenge sparked an asset management crisis. On the next episode of AM with A&M, April and Miranda will discuss emerging risk and special assets. About Our Moderators: April is an asset manager for Cinnaire's special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management. To listen to Advancing Communities Podcast, click below for: Google Podcasts Apple Podcasts Joe Hankes's bio – Episode 3 Joseph is a Senior Asset Manager for the Wisconsin Housing Preservation Corp., a nonprofit affordable housing owner and developer with assets of $620M consisting of over 8,993 units located throughout the State of Wisconsin. In his role he is responsible for developing and maintaining strategic asset management, financial management, and risk management activities for the company's portfolio. He helps oversee portfolio performance, stakeholder reporting, and insurance administration. Working with external and internal partners, his responsibilities include oversight of third-party management companies, capital planning, and refinancing/disposition of assets. Joseph received a BA in General Management from the University of Wisconsin - Whitewater. He is also a Certified Asset Manager (CHAM) and holds a Novogradac Property Compliance Certification (NPCC). Joseph enjoys spending time with his family, traveling, hiking, reading, basketball and cooking. He lives in Beaver Dam WI with his wife, son, and daughter.
Originally uploaded Feb. 6th reedited Feb. 16th. Chris Holman welcomes back Kelli Ellsworth Etchison, Chief Marketing Officer, and Chief Diversity Officer, LAFCU, Lansing, MI. We're just a couple of weeks past the MLK celebration in Lansing, remind the statewide business community of your, and LAFCU's involvement? Kelli, remind us of the LAFCU footprint across Michigan and some of your credit union service features? 2023 was a good year, between awards, educational opportunities, and community involvement, remind us of some highlights? What are you looking forward to in 2024? Dr. Martin Luther King Jr. Commission of Mid-Michigan to receive $152,500 in donations at check presentation Friday, Jan. 12, 2024 To kick off the 2024 MLK Day of Celebration activities, seven local businesses donated $152,500 to the Dr. Martin Luther King Jr. Commission of Mid-Michigan on Friday, Jan. 12 to support the commission's work to promote equality, diversity and social justice. The donations will be used by the MLK Commission of Mid-Michigan for annual scholarships for graduating seniors, essay contests for middle school students and to support several community agencies. WHO: - Lansing Mayor Andy Schor - East Lansing City Manager Robert Belleman - Elaine Hardy, chair, Dr. Martin Luther King Jr. Commission of Mid-Michigan - Commissioners of the Dr. Martin Luther King Jr. Commission of Mid-Michigan - Representatives from donor organizations: · Cinnaire - $50,000 · Jackson - $30,000 · Michigan State University Federal Credit Union - $20,000 · CASE Credit Union - $15,000 · LAFCU - $15,000 · Lake Trust Credit Union - $12,500 · Delta Dental of Michigan - $10,000 The MLK Commission of Mid-Michigan hosts the nation's largest MLK Day luncheon each year in honor of Dr. Martin Luther King Jr. Information about the 2024 event can be found at mlkmidmichigan.com/day-of-celebration. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Chris Holman welcomes Mike Witt, SVP Asset Management, Cinnaire, Lansing, MI. Welcome Mike, tell us about the role of Asset Management for Cinnaire? Thank you for presenting the Michigan Future Business Index recently at the 2024 Mid Michigan Economic Forecast Breakfast. Tell us about some of your take-aways from the MFBI? What did Cinnaire find for their experience compared to the latest statewide numbers? What's the forecast for the next 6 months? In a recent statewide survey of 609 small to medium-sized businesses, respondents to the latest Michigan Future Business Index (MFBI) indicated concerns over wage inflation, supply chain issues, and overall inflation continue to shrink. While sales and profits hit record lows over the past year, data indicates there are brighter days ahead, based on small business expectations. The semi-annual MFBI was commissioned by the Michigan Business Network. The survey is sponsored by Cinnaire and conducted by the Michigan-based market research firm ROI Insight. Mike Witt, Cinnaire SVP Asset Management, joined Chris Holman, Michigan Business Network CEO, to share the results in a forum. “The Michigan Future Business Index offers valuable insights for community leaders, policymakers, and advocates, shedding light on the challenges faced by business owners in today's economy,” said Mike Witt. “The survey provides a platform for small business owners to articulate their distinct perspectives, enabling decision-makers to better comprehend and address business operations in Michigan. Small businesses fill a crucial role in fostering healthy communities. We are pleased to join our partners from the Michigan Business Network to share the results of the survey.” Overall satisfaction with the business economy remains in positive territory after recovering from the negative in Q2. A plurality of business owners say they are satisfied with the business economy in Michigan. Nearly half of all respondents are optimistic about demand, growth, or opportunity in the next six months. “With the release of the Q4 2024 Michigan Future Business Index, we found that the last six months were very difficult on revenue and profit,” Holman said. “It should be noted that the enthusiasm for improvement did go up and business is expecting a better six months ahead. The index for satisfaction with Michigan as a good place to do business also climbed.” Additional Findings Nearly half of businesses say they have fully recovered from the pandemic, projects for sales, profits, and hiring are trending upward Satisfaction with the business economy holds positive at 50% Michigan continues to be a great place for small businesses – 62% believe Michigan remains a pretty good (46%) to excellent (16%) market for their business; 59% say our state business taxes are mostly (53%) to very (6%) fair About Cinnaire Cinnaire is a non-profit financial partner that supports affordable housing developments along with community and economic revitalization initiatives through creative investments, loans and real estate development services. Since 1993, Cinnaire has invested $4.7 billion to support the development of 811 housing communities in 10 states, providing 49,700 affordable apartment homes for more than 100,000 individuals and families and has provided community development loans to support the creation/retention of more than 187,000 square feet of commercial, mixed-use, and community space. In its mission to change lives and transform neighborhoods into thriving communities, Cinnaire has helped to create or retain over 76,000 jobs and spur $8.8 billion in economic impact. https://cinnaire.com » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Jeffrey Mosher welcomes Jennifer Hayes, Senior Vice President, Operations & Policy from Invest Detroit Jennifer and Jeffrey had a discussion about the Michigan CDFI Coalition. Michigan Community Development Financial Institutions (CDFI) Coalition is celebrating its one year of operations. The coalition is committed to providing financial resources to underserved borrowers and supporting economic growth in Michigan. Here are some key talking points to highlight the achievements and goals of the Michigan CDFI Coalition: Jennifer could you tell the Michigan business community about the Mission and Objectives of Michigan CDFI? MICDFI Coalitions' overall mission is to increase awareness of CDFIs, expand programming to support more borrowers, businesses, and projects, and continue to support economic growth throughout Michigan. What's the Role of CDFIs? CDFIs as mission-based lenders, providing flexible and affordable financing to underserved communities, small businesses, and affordable housing projects. CDFIs are particularly integral in reaching borrowers who often cannot access traditional bank financing. What's the Impact in Michigan? To date, Michigan's CDFIs have deployed more than $4 billion in loans throughout the state and have made the following impact: ● Created almost 30,000 permanent jobs ● Developed almost 23 million square feet of real estate ● Over 14,000 total housing units, 72% affordable ● Supported over 7,000 small or micro-businesses ● Created the largest state CDFI fund in the nation with $85 million to date. CDFIs also played a significant role in providing Michigan small businesses and nonprofits access to the Small Business Administration's Paycheck Protection Program (PPP) forgivable loans and serviced $1.5 billion in loans, preserving 165,000 jobs. In FY 2021, MI CDFIs deployed $1.4 billion in loans. ● Michigan CDFIs support several areas of the economy including: ○ Small and Micro-Businesses. ○ Single, Multi-Family, and Affordable Housing. ○ Real Estate and Mixed-Use Projects. ○ Consumer Loans and Banking Products. ○ Non-Profit Projects, and more. ● MICDFI Coalition has been integral in the Small Business Administration's Paycheck Protection Program (PPP) forgivable loans during the COVID-19 pandemic. ● Have supported small businesses and nonprofits statewide through the servicing of $1.5 billion in loans. Tell us about Statewide Support and Advocacy? MICDFI Coalition has had support from the following organizations and individuals: ● State Senator Mary Cavanagh, CEED Lending, Chi Ishobak, Cinnaire, Core Community Partners, Detroit Development Fund, Grow, Invest Detroit, Michigan Community Capital, Michigan Credit Union Foundation, Michigan Women Forward, Northern Shores Community Development, Inc., Northern Initiatives, Opportunity Resource Fund, ProsperUs Detroit, Rende Progress Capital, Venture North, Capital Impact Partners, Community Economic Development Association of Michigan, ELGA Credit Union, IFF, Michigan Assistive Technology Loan Fund. And if the listeners care to learn more About Michigan CDFI Coalition how might they do so? The Michigan CDFI Coalition was founded in 2022 with a mission of bringing Michigan CDFIs together to collaborate on the development of inclusive policies, deliver vital programs, and bolster their efforts in community investment across the state of Michigan. Prospective Michigan CDFI partners, communities, and individuals can learn more about the Michigan CDFI Coalition by visiting www.micdfi.org. » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Cinnaire's Advancing Communities Podcast includes a special asset management series called AM With A&M. Asset management experts April Priebe (A) and Miranda Bialk (M) bringing together experts in the asset management industry to discuss issues, share strategies and provide resources to professionals working in the AM field In this month's podcast, April and Miranda invite Beth Baar, Manager, Construction & Lease Up with Cinnaire to explain the vital role Asset Management plays within the affordable housing industry. She discusses the importance of having open conversations with partners to identify issues and solutions that will be productive and meaningful for all. As a syndicator, Cinnaire balances the needs of both investors and developers to ensure compliance of Section 42 program tax credit investments for affordable housing. In this podcast, you'll learn: How asset management is related to syndication; How AM's construction and lease Up teams work to mitigate risks to ensure a project maintains LIHTC compliance during the building process; The value of selecting an experienced contractor and property manager; The importance of managing the project once it's determined to be a stabilized asset; The role of the asset manager throughout the 10- to15-year compliance period; The challenges facing the real estate industry due to skyrocketing insurance rates. About Our Moderators: April is an asset manager for Cinnaire's special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management. To listen to Advancing Communities Podcast, click below for:
Introduction to Asset Management with April and Miranda In their new series on Cinnaire's Advancing Communities podcast, AM With A&M, April Priebe (A) and Miranda Bialk (M) will be introducing listeners to the world of asset management (AM). April is an asset manager for Cinnaire's special assets and Miranda is an asset manager for construction and lease up. Together they have over 22 years of experience working in affordable housing, specifically with property and asset management. The AM With A&M podcast is designed to discuss issues, share strategies and provide resources to professionals working in the AM field. Topics will include an introduction to the fundamentals of AM, how to manage troubled or stressed assets, and how to view AM through the syndicator's lens. Each month, April and Miranda will be inviting leaders in the industry to share their insights. During the next podcast, they will be sitting down with Beth Baar, Cinnaire's manager of construction and lease up. Follow Cinnaire on social media to learn about upcoming podcasts. To listen to Advancing Communities Podcast, click below for: Apple Podcasts Google Podcasts
Cinnaire's Advancing Communities Podcast 2023 Episode 2 brings together Monty Childs, Senior Vice President, Cinnaire, with thought leaders, policy makers, and developers who are making an impact on the community development and affordable housing industries. In this episode, Monty moderates a panel discussion on how Housing Authorities can reposition and restructure their portfolios to make them more affordable and successful. Panel experts include Peter Levavi, Executive Vice President, Brinshore Development; Karly Brinla, VP of Development, Brinshore; Ron Clewer, Illinois Market President, Gorman USA; and Amber Skoby, HPS Consulting Leader, D3G. The panelists discuss how Housing Authorities can leverage Section 8 funds, RAD Section 18 Demo/Dispo and RAD Section 18 Blend to increase predictability in financing and rent adjustments. Traditionally, the federal government has underfunded Section 9. By converting to Section 8, housing projects can generate a more reliable funding stream, be used to raise debt and equity and in some cases result in higher funding. Representatives from Brinshore, Gorman and D3G described projects they have successfully converted to RAD, detailing how they were able to extend capital funds and even transfer assistance to a new construction site. To listen to Advancing Communities Podcast on Repositioning Public Housing, click below for: Google Podcasts (2023 Podcast: Episode 2) Apple Podcasts (2023 Podcast: Episode 2)
Chris Holman welcomes back Mark McDaniel who is the President and CEO of Cinnaire. They discuss Cinnaire receiving a tax credit, community development, workplace culture, health equity, and real estate. Here's more about Mark and Chris' conversation: CINNAIRE AWARDED $60 MILLION IN NEW MARKETS TAX CREDITS FROM U.S TREASURY DEPARTMENT - Tell us about that? Cinnaire Named Best Place to Work by Crain's Detroit Business - tell us about that? Tell us about Residents spearheading community hub project focused on health equity in SE Grand Rapids? Have the high interest rates impacted your work this year? Any projects underway that you would like to highlight? » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
The Advancing Communities Podcast features Cinnaire team members conversations with thought leaders, policy makers and others who are making a difference in the community development industry. In this episode, Richard Rothstein, the author of two important books -- The Color of Law: a Forgotten History of How our Government Segregated America, and a new book Just Action: How to Challenge Segregation Enacted Under The Color of Law. In The Color of Law, Richard provided a convincing and authoritative history of how explicit government policies at the federal, state, and local levels drove residential segregation on the basis of race. He also demolished the “de facto” segregation myth – still held by many – that racial segregation in our neighborhoods is the result of choices being made outside the law. His new book, Just Action, co-authored with his daughter and policy expert Leah Rothstein, provides a blueprint for starting to reverse this harmful legacy. While acknowledging that doing so will not be easy and will require a new civil rights movement, Richard and Leah Rothstein have given us both an inspirational call to action and some concrete steps that we all can take to get started in our own communities. At Cinnaire, many of the communities we serve are highly segregated, and we know that our partners share our commitment to creating healthier communities for all people. We hope that this conversation will help educate and inspire you to take action on that shared commitment.
Chris Holman welcomes Josh Ghena, Senior Vice President, Equity Business Funding, Cinnaire, Lansing, MI. Josh once again thank you for presenting the Michigan Future Business Index two weeks ago. Let's revisit that latest MFBI, what were the key takeaways? What were the big challenges for businesses in Michigan? What did you and Cinnaire find in the survey results that reflected what your business is encountering in mid-2023? Can you speak to how interest rates are impacting the efforts of Cinnaire? » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Vic Verchereau welcomes Mark McDaniel, who is the CEO and Founder of Cinnaire. Describing the past two years as unprecedented would be an understatement to say the least. The CEO and Founder of Cinnaire has seen a number of challenges and tremendous success! He has led the organization through a global pandemic, a global recession, unusual government actions, turbulent elections, and deeply felt social and racial injustice. In his journey there were many lessons learned, but none greater than the most important lesson of all...."It's about the people" . Mark says, "Ultimately, the foundation of Cinnaire's success is our people. They serve our customers and communities, build the technology, make the strategic decisions, manage the risks, determine our investments, and drive the innovation of our programs. This amazing team of people – with guts and brains and enormous capabilities who have navigated personally challenging circumstances while dedicating themselves to professional excellence – is what ensures our prosperity and the health of the communities we serve, now and in the future." Vic Verchereau caught up with the very busy leader and discovered a man that deeply cares about people and those his organization serves. This is a conversation you won't want to miss! Tune in to this compelling edition of the Leadership Lowdown! » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Rural communities face the challenge all the time. Create jobs - but have no place suitable for your workers to live nearby. Southwest Wisconsin experienced those same challenges, but have come up with a solution that will be welcoming residents beginning in October. Cinnaire Community Development partnered with SWCAP, Southwest Wisconsin Community Action Program, to create affordable housing for farm workers in Lafayette County. It's the first project of its kind in the state, according to Nicole Solheim, Vice President of Development for Cinnaire. The housing project, called "The Meadows" is located in the community of Darlington and will offer 32 units for occupancy by farm workers that qualify. It's new construction that has both two and three bedroom configurations. Applications are still being taken for townhouses that will be completed by late November.See omnystudio.com/listener for privacy information.
Vic Verchereau welcomes Ryan Robinson who joined Cinnaire in 2011 as part of the Asset Management team. In early 2020, Ryan was promoted to Executive Vice President of Operations & Corporate Risk Management. Ryan brings the executive team together to guide Cinnaire in the development of a clear focus on execution and accountability, drive organizational efficiency, and proactively manage enterprise risk. An active leader in many organizations throughout the community Ryan has a great deal of experience to share! From the MSU Marching band to keeping things marching in the face of unprecedented challenges, Ryan offers up his expertise and ideas to help us all! This is a great edition of the Leadership Lowdown with one of Mid-Michigan's great leaders! » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Have you ever wished you could get unlimited paid time off? That's precisely what today's podcast guest, Mark McDaniel, the CEO of Cinnaire, talks about with host William Zank. Cinnaire is a nonprofit organization that gets involved within the community by offering services such as lending funds, finance development, and managing and building all components of a healthy community. Within this nonprofit, employees are granted unlimited paid time off. Cinnaire wants to find better ways for their team members to feel more valued while also showing their team's time was valued. What's the benefit of offering unlimited time off? Cinnaire has seen how productive their employees are when given this freedom. With employee benefits like this, they now hold eight consecutive wins as Best Nonprofit to Work For by the Nonprofit Times, the leading business publication for Nonprofit Management. Mark McDaniel graduated from Michigan State University and worked as an architectural planning engineer in his hometown of Kalamazoo, MI. He ended up moving back up to Lansing when he found his love for helping develop affordable housing. He started to get involved with many nonprofits and faith-based organizations. He was able to draw up the Michigan Capital Fund for Housing idea, which ended up transitioning into the Great Lakes Capital Fund in 2002. To learn more about Cinnaire and their team, follow the links below: https://cinnaire.com/ (https://cinnaire.com/) https://www.linkedin.com/in/mark-mcdaniel-4324413/ (Mark McDaniel | LinkedIn)
Join our host Ed Clemente for a special Michigan Opportunity Podcast live from Mackinac Policy Conference, hosted by the Detroit Regional Chamber, and hear from five very interesting guests. Our special edition podcast guests range from higher education, economic development organizations, health care, talent & workforce development and an International Ambassador. Guests include Dr. Ora Hirsch Pescovitz, President of Oakland University; Lucius Vassar, Corporate Counsel and Executive Vice President of Cinnaire, Michelle Johnson Tidjani, Esq., Executive Vice President & General Counsel of Henry Ford Health; Cindy Pasky, Founder, President and CEO, Strategic Staffing Solutions; and a special guest, former U.S. Lithuanian Ambassador, Zygimantas Pavilionis.
Cinnaire's Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers, and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with Dionna Sargent, Vice President of Community Development at Cinnaire who launched Jumpstart Wilmington, a program that was designed to train and equip aspiring developers with information and resources needed to revitalize their communities. Jim and Dionna are joined by Cassandra Sifford and Wali Rushan, two Jumpstart Wilmington graduates who are currently developing projects in Wilmington. Cassandra and Wali share how their experience with Jumpstart Wilmington has impacted their development projects. Check out the podcast as Jim, Dionna, Cassandra, and Wali discuss: What inspired Cassandra and Wali to participate in Jumpstart Wilmington The tools they learned through the program and how they are using those tools to support their development goals How Jumpstart training helped to navigate development challenges The impact they hope to make for communities as a result of Jumpstart The role mentors, speakers, and community members played throughout the program
Each month, Cinnaire's Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with Ken Weinstein, founder of Jumpstart Germantown, and Dionna Sargent, Vice President of Community Development at Cinnaire who launched Jumpstart Wilmington. The three discuss the purpose and goals of the Jumpstart program which was designed to train and equip aspiring developers with information and resources needed to revitalize their communities. In 2016, Ken Weinstein created the Jumpstart Germantown program and since then, over 1000 aspiring developers have graduated from the program, which has served as a model for other programs throughout and surrounding Philadelphia. Jumpstart Wilmington, the first program to launch outside of Philadelphia, welcomed its first cohort in October 2020 and has graduated 60 aspiring developers thus far. Check out the podcast as the three discuss: The purpose of the Jumpstart program and why it was created The components of the program and key development topics The application and program selection process The role of mentors and ongoing training for participants The outcomes of the Jumpstart program Click here to listen to Episode 24 of Advancing Communities!
Chris Holman welcomes back Mark McDaniel, President & CEO, Cinnaire, headquartered in Lansing, MI, covering several states. First, it's probably a good idea to remind the Michigan business community about what Cinnaire is and does. You recently participated in an annual philanthropic effort -- Pancake-palooza, (the fundraising effort for Haven House) how did that go? Cinnaire was connected with some good news with the Grand Opening for Broadway Lofts in Mt. Pleasant, MI, tell us about that. Any other Cinnaire news, or upcoming events? » Visit MBN website: www.michiganbusinessnetwork.com/ » Subscribe to MBN's YouTube: www.youtube.com/channel/UCqNX… » Like MBN: www.facebook.com/mibiznetwork » Follow MBN: twitter.com/MIBizNetwork/ » MBN Instagram: www.instagram.com/mibiznetwork/
Derrick Collins serves as the Dean for the College of Business at Chicago State University. Previous to CSU, Mr. Collins was Assistant Clinical Professor of Finance at Northwestern University's J.L. Kellogg School of Management where taught Venture Capital and Private Equity Investing, as well as Entrepreneurial Finance. Prior to his academic career, Dean Collins worked as a venture capitalist and a bank commercial loan officer.Derrick Collins serves as the Dean for the College of Business at Chicago State University. Under Mr. Collins' stewardship, the College of Business has expanded its curriculum offerings to enhance students' industry-specific and technical proficiencies, including entrepreneurship, international business exposure via global internships, and an MBA program that focuses on working professionals. Previous to CSU, Mr. Collins was Assistant Clinical Professor of Finance at Northwestern University's J.L. Kellogg School of Management where he developed and taught the course, Venture Capital and Private Equity Investing, as well as served as a lecturer for the course, Entrepreneurial Finance. Mr. Collins taught in Kellogg's full-time and part-time MBA programs as well as its Executive Managers' Program. Mr. Collins began his academic career while serving as a General Partner of Polestar Capital Partners, an early- to growth-stage venture capital partnership focused on investing in minority-controlled technology companies. It was this experience in the venture capital community that served as the platform for Mr. Collins to successfully teach private equity in a higher education environment. Prior to Polestar, Mr. Collins served as President of Shorebank Capital Corporation, the venture capital subsidiary of Shorebank Corporation, an Illinois bank holding company. Mr. Collins began his finance career as a Commercial Loan Officer in Shorebank's banking subsidiary, South Shore Bank. Mr. Collins has lectured extensively on the topic of private equity, venture capital, and minority entrepreneurship and has received accolades for his ability to convey complex financial and business concepts to financially-sophisticated and novice audiences, alike. Some of the venues include the Credit Suisse International Business School, the National Minority Supplier Development Council's Advanced Management Education Program, the National Football League's Player Development Program, the National Basketball Players Association's High Growth Entrepreneurship Program, the Chicago Urban League's NextOne Program, the Wall Street Journal's Black Entrepreneurship in America Conference, and guest appearances on Chicago's WGN-TV Minority Business Report, WVON Radio's Urban Business Roundtable, as well as numerous other private and public conferences and meetings. Mr. Collins currently serves on the boards of Cinnaire, a full-service community development finance institution that advances affordable housing and community development, and ECM Performance Materials, a provider of custom chemical and polymer processing services for industrial and manufacturing applications. Derrick Collins earned his B.S. in Electrical Engineering from Prairie View A&M University and his M.B.A. in Finance and Marketing from the University of Chicago's Booth School of Business.
Derrick Collins serves as the Dean for the College of Business at Chicago State University. Previous to CSU, Mr. Collins was Assistant Clinical Professor of Finance at Northwestern University's J.L. Kellogg School of Management where taught Venture Capital and Private Equity Investing, as well as Entrepreneurial Finance. Prior to his academic career, Dean Collins worked as a venture capitalist and a bank commercial loan officer.Derrick Collins serves as the Dean for the College of Business at Chicago State University. Under Mr. Collins' stewardship, the College of Business has expanded its curriculum offerings to enhance students' industry-specific and technical proficiencies, including entrepreneurship, international business exposure via global internships, and an MBA program that focuses on working professionals. Previous to CSU, Mr. Collins was Assistant Clinical Professor of Finance at Northwestern University's J.L. Kellogg School of Management where he developed and taught the course, Venture Capital and Private Equity Investing, as well as served as a lecturer for the course, Entrepreneurial Finance. Mr. Collins taught in Kellogg's full-time and part-time MBA programs as well as its Executive Managers' Program. Mr. Collins began his academic career while serving as a General Partner of Polestar Capital Partners, an early- to growth-stage venture capital partnership focused on investing in minority-controlled technology companies. It was this experience in the venture capital community that served as the platform for Mr. Collins to successfully teach private equity in a higher education environment. Prior to Polestar, Mr. Collins served as President of Shorebank Capital Corporation, the venture capital subsidiary of Shorebank Corporation, an Illinois bank holding company. Mr. Collins began his finance career as a Commercial Loan Officer in Shorebank's banking subsidiary, South Shore Bank. Mr. Collins has lectured extensively on the topic of private equity, venture capital, and minority entrepreneurship and has received accolades for his ability to convey complex financial and business concepts to financially-sophisticated and novice audiences, alike. Some of the venues include the Credit Suisse International Business School, the National Minority Supplier Development Council's Advanced Management Education Program, the National Football League's Player Development Program, the National Basketball Players Association's High Growth Entrepreneurship Program, the Chicago Urban League's NextOne Program, the Wall Street Journal's Black Entrepreneurship in America Conference, and guest appearances on Chicago's WGN-TV Minority Business Report, WVON Radio's Urban Business Roundtable, as well as numerous other private and public conferences and meetings. Mr. Collins currently serves on the boards of Cinnaire, a full-service community development finance institution that advances affordable housing and community development, and ECM Performance Materials, a provider of custom chemical and polymer processing services for industrial and manufacturing applications. Derrick Collins earned his B.S. in Electrical Engineering from Prairie View A&M University and his M.B.A. in Finance and Marketing from the University of Chicago's Booth School of Business.
In this episode of the Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley continues his three-part series examining a growing crisis in the affordable housing industry where private equity funds or other investors are seeking above windfall returns at Year 15. By ignoring Right of First Refusal agreements and forcing owners to either make large payments to retain ownership or force a sale, these profit motivated investors are jeopardizing mission-focused organizations and our nation’s affordable housing stock. In this discussion, Jim is joined by Dr. Willie Logan, President and CEO of Opa-Locka Community Development Corporation, a nonprofit builder of affordable housing communities in northern Miami-Dade, FL. Last year, Opa-Locka CDC won a landmark lawsuit against HallKeen Management, a large property management company, over ownership stakes of Aswan Village Apartments in Miami. Jim and Willie discuss the Aswan Village case and the implications the litigation has for affordable housing owners across the country facing similar troubling situations. They also provide insight into how owners and developers can protect themselves and their affordable housing properties from these troubling practices. Read more about Opa-Locka’s fight to protect affordable housing here.
Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer, Jim Peffley, with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with a panel to discuss CDFIs101, a virtual learning and networking series developed to bring young diverse professionals – tomorrow’s leaders – into the CDFI industry. CDFIs are today’s impact investors leading the way as our communities and our nation recover from the Covid crisis and address systemic racial inequities. At the same time, thousands of young professionals are now more motivated than ever to find impact careers dedicated to social, economic and political justice. In this episode Jim talks with the organizers of CDFIs101 - Mark Pinsky, founding partner of CDFI Friendly America; Lenwood Long, CEO of the African American Alliance of CDFI CEOs (AAACC); and Bria Moss-Wilkerson, communications and operations manager at CDFI Friendly America, who is also an experienced young entrepreneur and a CDFI borrower. The panel discusses the CDFIs101 program specifically designed to bring growing CDFIs together with young professionals seeking careers with social impact. Check out the episode and share it with graduating students and young professionals in your life seeking impact careers!
The Low-Income Housing Tax Credit (LIHTC) Program has been a significant source of new multifamily housing for more than 20 years, providing more than 2.2 million units of affordable rental housing. As LIHTC investments mature, however, the affordable housing industry is becoming alarmed at growing efforts by private equity and other investors to secure unplanned payments as a condition for exiting the investment, threatening the properties’ long term affordability and draining resources from mission-focused organizations. In this episode of Cinnaire’s Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley is joined by Scott Short, CEO of RiseBoro Community Partnership, a non-profit organization based in Brooklyn, NY, committed to neighborhood revitalization. RiseBoro, like a growing number of non-profit affordable housing developers, is engaged in a legal battle with an investors to retain the property rights to Stockholm Manor, an affordable housing development in Brooklyn, NY. The case is being followed closely in the industry by owners and developers concerned with the growing threat to our nation’s supply of affordable apartments by private sector entities seeking to extract additional capital beyond the tax credits the program was designed to provide. Jim and Scott discuss the challenges RiseBoro faces with Stockholm Manor to retain property rights as the LIHTC matures and maintain it as affordable housing in a community experiencing a 24% poverty level. If precedent is set with a loss in this case, some investors will become further emboldened to test the financial limits of nonprofit partners and ownership of millions of units of affordable housing could change hands from community-based, mission-driven nonprofits to profit-driven corporations. Listen in as Jim and Scott discuss this important case and provide insight into how owners and developers can protect themselves and their affordable housing properties from these abusive practices. You can read more about RiseBoro’s fight to protect affordable housing here and also join RiseBoro’s Coalition of Support for the Stockholm Manor case, which will have implications to protect low-cost housing not only in NYC, but set a precedent to protect affordable homes across America for decades to come.
On this episode of the Impact Real Estate podcast, we welcome Sean Kelly — a Partner and Executive Vice President for LNWA who currently oversees affordable and market rate apartment development in the Mid-Atlantic states and Ohio. Sean talks us through his upbringing in the real estate business, the life of an affordable housing deal, and he gives a huge piece of advice to those looking to break into the affordable housing space. It's another high impact episode of the Impact Real Estate Podcast you do not want to miss. EPISODE NOTES:02:42 - LNWA’s history 04:10 - Focused on low income tax credit 06:17 - The affordable housing pivot 08:22 - It starts locally 11:42 - Finding the right tenants 13:13 - The supportive service component 15:17 - Upcoming changes to affordable housing 17:11 - Growing up in the business 20:32 - Understanding the impact 23:38 - Breaking into the affordable housing industry 25:49 - The Hot Seat presented by KK Reset Sean has extensive experience structuring complex real estate transactions with emphasis on combining tax credits with state, local, and private financing sources. Since joining LNWA in 2010, Sean has led development teams producing or preserving more than 1400 apartments in 6 states with total investment in excess of $290M. Prior to joining LNWA, Sean held roles in the technology sector with Hewlett-Packard Enterprise and as an early employee at a venture capital backed startup.Sean is a member of the National Association of Home Builders (NAHB) serving on the Housing Credit Group Advisory Board, the Multifamily Board of Trustees and holds the HCCP professional designation. Locally, Sean is a member of the Board of Directors for the DE Chapter of the National Association of Housing and Redevelopment Officials (NAHRO) and is a member of the CDFI Advisory Board for Cinnaire. He holds a Bachelor of Science in Finance from the University of Pittsburgh and a Master of Business Administration from the University of Delaware.
In this episode of Cinnaire’s Advancing Communities Podcast, Cinnaire’s Chief Strategy Officer Jim Peffley is joined by NASLEF’s Bobby Rozen, a longtime advocate for affordable housing in Washington who was involved in the crafting of the original Low Income Housing Tax Credit (LIHTC) program in 1986 and has been closely involved with the evolution of the program over the past 30 years. Jim and Bobby discuss an alarming and growing trend in the LIHTC industry – efforts by private sector entities seeking to extract additional capital from owners or developers of affordable rental properties beyond the tax credits the program was designed to provide. These profit motivated investors have come to view the nation’s affordable housing stock as a source of capital and above market returns to the detriment of people the LIHTC program was designed to serve. Listen in to this thought provoking and informative discussion where Jim and Bobby describe these problematic trends, discuss their implications and strategize ways the industry can address these challenges to protect our affordable housing stock and the communities we serve. During the conversation, Jim and Bobby cover: A brief overview of the Low Income Housing Tax Credit (LIHTC) Program and its structure for investments The trend of private equity investors acquiring syndicators to leverage limited partner interests and extract capital from properties beyond the intended tax benefits Potential implications for the nation’s affordable housing stock as capital is extracted for profit How owners and developers of affordable rental housing can protect themselves and their partnership agreements Current efforts underway to address the challenge and preserve affordable housing and LIHTC investments
This special edition of Advancing Communities is a recording of a webinar Cinnaire hosted this week highlighting the impact of the 2020 election on federal policy and what it means for the affordable housing and community development industries. The webinar featured Cinnaire CSO Jim Peffley along with Bobby Rozen from the National Association of State and Local Equity Funds and Shannon Ross with Housing Partnership Network. Bobby and Shannon sit down with Jim Peffley to share their perspective as we enter a new administration highlighting how we can work together to support healthy communities. The discussion includes: How will the closely divided Washington shape the legislative landscape? What will the change in administration mean for the Community Reinvestment Act and other regulatory policies? What can we expect when it comes to key affordable housing and community development legislative priorities, like the Low Income Housing Tax Credit (LIHTC) and the New Markets Tax Credit (NMTC)? What trends are emerging in the LIHTC industry?
President and CEO of Cinnaire, Mark McDaniel joins Chris Holman to talk about the company's employee initiative, Cinnaire Cares. Cinnaire Cares was established to provide their team with an opportunity to collectively make an impact and support the communities they serve. Cinnaire is pleased to announce the most recent Cinnaire Cares donations! With Cinnaire’s matching contribution, a total of $20,991 was raised during this funding round, making this their largest round to date. Each organization will receive $3,498.66 to support their mission. From building wealth in under-resourced communities and youth development programs, to empowering people of color to providing affordable housing, the Cinnaire Cares recipients are once again a diversified group of missions and organizations.
COVID-19 posed many challenges for affordable housing owners, managers, and tenants in 2020. In this Advancing Communities Podcast, Cinnaire CSO Jim Peffley checks in with Paul Spencer, President & CEO, KMG Prestige and Dana Hanchin, President & CEO, HDC MidAtlantic, two organizations actively engaged in the management of affordable rental properties in a number of states. Paul and Dana were guests on Episode 14 of our podcast in April, less than a month into the pandemic, where they discussed the challenges they anticipated facing and their plans to lead their teams and the properties they manage through unprecedented times. In this informative and inspiring follow-up, Paul and Dana return to discuss their experience and what they've learned after nine months navigating through Covid. They candidly share the impact this year has had on residents and their services, the programs that have provided relief, and what they anticipate for 2021. Josh Ghena, Cinnaire's Vice President of Asset Management, joins the conversation to share his perspective on Covid's impact on the residents and properties within Cinnaire's portfolio.
Chris Laurent, President of Cinnaire Solutions, Joan Nelson, Executive Director of Allen Neighborhood Center, and Brandie Ekren, Executive Director of Lansing Board of Water and Light (LBWL) talk with Chris Holman about the Allen Place Project. Then Chris Laurent has an additional conversation with Jeffrey Mosher on more information about Cinnaire Solutions. The project will provide mixed-income housing and serve as a hub for a wide range of community services.
Chris Laurent, President of Cinnaire Solutions, Joan Nelson, Executive Director of Allen Neighborhood Center, and Brandie Ekren, Executive Director of Lansing Board of Water and Light (LBWL) talk with Chris Holman about the Allen Place Project. Then Chris Laurent has an additional conversation with Jeffrey Mosher on more information about Cinnaire Solutions. The project will provide mixed-income housing and serve as a hub for a wide range of community services.
Chris Laurent, President of Cinnaire Solutions, Joan Nelson, Executive Director of Allen Neighborhood Center, and Brandie Ekren, Executive Director of Lansing Board of Water and Light (LBWL) talk with Chris Holman about the Allen Place Project. Then Chris Laurent has an additional conversation with Jeffrey Mosher on more information about Cinnaire Solutions. The project will provide mixed-income housing and serve as a hub for a wide range of community services.
Sean O'Neill, Policy Scientist at the University of Delaware's Institute for Public Administration (IPA) speaks to Dionna Sargent, Vice President of Community Development at Cinnaire, about affordable housing, community development, and the Black Lives Matter Movement. Dionna shares her personal and professional background as well as her experiences and perspectives from working in the world of affordable housing finance and community development. This interview was recorded on September 1, 2020. To learn more about Cinnaire, visit https://cinnaire.com/. For more on the JumpStart Wilmington program, visit https://jumpstartwilmington.org. Learn more about IPA at ipa.udel.edu. Opening and closing music: "I Dunno" by Grapes, used under Creative Commons 3.0 License
President and CEO of Cinnaire, Mark McDaniel, joins MBN’s Jeffrey Mosher to talk about Cinnaire’s approach to navigating the COVID-19 pandemic and how they are anticipating a restart. They also talk about Cinnaire’s involvement in new projects the company has been involved in. One of which is the Allen Place Project in Lansing Michigan, which will generate investment of $11 Million and create 14 Full-time Jobs.
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, guests, policy makers and others who are making an impact in the community development and affordable housing industries across the country. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim talks with Gary Cunningham, President and CEO of Prosperity Now. Prosperity Now is a national coalition of African American CDFIs committed to closing the racial wealth divide and dismantling systemic racial and economic disparities. Gary shares his experience and perspective on the challenges Black owned businesses face in access to capital and technical assistance; Prosperity Now’s multi-faceted approach to addressing the history of racism in lending at the federal, state and local government levels and the many ways Covid-19 has emphasized the economic inequalities and transfer of wealth in communities of color.
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, guests, policy makers and others who are making an impact in the community development and affordable housing industries across the country. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim talks with Jim King, CEO & President of FAHE and Chrystel Cornelius, CEO at Oweesta Corporation, both leaders of Partners for Rural Transformation (PRT). PRT is a national coalition dedicated to advancing economic mobility in persistent poverty areas in rural America. Jim and Chrystel share their experience and perspective on the reasons why persistent poverty is so prevalent in rural America; how this in turn impacts all of America and actions PRT is doing to strengthen rural communities in general, and specifically in light of COVID-19 and recent events. Check out Episode 16 of Cinnaire’s Advancing Communities Podcast here!
Cinnaire’s Advancing Communities Podcast brings together thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In episode 1, Cinnaire’s Jim Peffley sits down with Fannie Mae’s Jeff Hayward who shares his perspective and wisdom on everything from achieving personal goals and overcoming adversity to what defines a healthy community and the importance of diversity at Fannie Mae and every workplace.
Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with Kevin Nowak, executive director at CHN Housing Partners in Cleveland, to talk about transitioning families from renters to homeowners through the Lease Purchase Program. CHN is nationally recognized for its Lease Purchase Program – a 15 year pathway to homeownership for low-income individuals and families – and is eager to help other cities and organizations replicate the model. Cinnaire is currently partnering with CHN on a pilot program in Detroit designed to transfer ownership of 188 single-family affordable homes to renters. Jim and Kevin discuss the components of the program, success stories and best practices to model the program in markets across the U.S. Be sure to follow us on Twitter @Cinnaire. Thanks for listening!
Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with Adina Abramowitz, founder of Consulting for Change and a pioneer and recognized leader in the CDFI industry. Adina consults with CDFIs nationwide and served with Opportunity Finance Network, guiding the organization’s strategy to develop CDFI growth. In this wide-ranging conversation, Adina discusses CDFIs as a tool to bring about social justice in housing and communities, the role they play as a correction to capital markets and the challenges they face going forward. Be sure to follow us on Twitter @Cinnaire. Thanks for listening!
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Guests share their experience and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In episode 5, Jim is joined by Judge Harvey Hoffman and Mike Hirst, two individuals who have led the Permanent Supportive Recovery Housing initiative in the State of Michigan. The program is one of the first in the country to address the nation’s opioid epidemic at the Treatment Court level with long term sober housing and recovery support services. Harvey and Mike recently worked with Cinnaire, the Treatment Courts and the Michigan State Housing Development Authority to launch Andy’s Place in Jackson, Michigan, the first of several Permanent Supportive Recovery Housing projects planned in the state. In this episode, Mike and Harvey discuss Andy’s Place and how the Permanent Supportive Recovery Housing model can be a long term solution for addressing opioid addiction in Michigan, and across the country. Be sure to follow us on Twitter @Cinnaire. Thanks for listening!
Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with Tim Hunnicutt, founder and CEO of Zero Day, a non-profit organization providing housing and critical supportive services for struggling veterans. Tim shares the story of Zero Day and the role housing, job training and therapeutic services play in transitioning military veterans into a healthy and productive civilian life. Through Zero Day, Tim has served hundreds of returning veterans. Tim also shares his work with Cinnaire to develop Silver Star Apartments, an affordable living community providing housing and support services to veterans in Battle Creek, MI. The development was the first affordable housing community for veterans in Michigan and has become a model for affordable veterans housing nationwide. Be sure to follow us on Twitter @Cinnaire. Thanks for listening!
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim discusses community revitalization with Wilmington, DE Mayor Mike Purzycki. Purzycki shares his thoughts on the critical importance of creating healthy, thriving neighborhoods as the foundation for improving the City. The challenges facing some of Wilmington’s neighborhoods – poverty, blight, crime, school performance and joblessness – are not unique to Wilmington but are American problems. Tune in as Jim and Mayor Purzycki discuss taking these issues head on and improving communities and people’s lives through neighborhood investment and revitalization.
Cinnaire’s Advancing Communities Podcast brings together Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim is joined by Dan Selekman, a recently retired police officer with the City of Wilmington, DE. Dan is well known in Wilmington for his approach to community policing in the distressed Center City neighborhood, an area that had experienced a rise in shootings and violence. As he engaged with residents there, he built a strong bond based on compassion and human connection and as a result the community experienced a a significant decrease in gun violence and improvement in overall public safety. Dan's approach to community policing is a model being replicated in cities seeking to create healthy communities nationwide. Tune in as Dan tells his story along with the powerful lessons he learned.
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Part 2 of 2, Jim continues his conversation with Dan Selekman, a recently retired police officer with the City of Wilmington, DE. As a member of the Wilmington police force, Dan became well known for his approach to community policing in the West Center City neighborhood, an area that had experienced a rise in shootings and violence. Tune in as Dan tells his story along with the powerful lessons he learned about community policing and engaging people.
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with Reverend Terrence Keeling. Reverend Keeling is pastor of Central Baptist Church and president of the Central Baptist Community Development Corporation (CBCDC) in Wilmington, DE, one of Cinnaire's Priority Cities. Tune in to hear Jim and Reverend Keeling discuss the mission and purpose of the CBCDC, what makes a healthy community, barriers to success in community development, how to overcome those challenges, and designing programs that provide communities and people opportunities for empowerment.
Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. In this episode, Jim sits down with IFF CEO Joe Neri to discuss community development lending. IFF began more than 30 years ago and is considered a pioneer in the CDFI lending world for its unique approach to lending and rating risk for nonprofits. Nonprofits are at the heart of IFF’s mission, and its goals is to help organizations build net assets through ownership of their facilities. A majority of IFF’s loan recipients – providers of early childhood education, workforce development, affordable housing, health care, and other vital human services – operate in low-income communities and/or communities of color. Jim and Joe Neri discuss IFF's unique approach to lending, the impact of redlining and institutional racism on nonprofits, and how IFF puts organizations that are led by and/or deeply serve people of color on the trajectory for success.
Mark McDaniel, President & CEO, Cinnaire, Lansing, MI, drops by the MBN studio to discuss 2019’s Highlights, reviewing some of those with Chris Holman. They cover recent news, including: Cinnaire Receives Affordable Housing Program Award from the Federal Home Loan Bank of Chicago Cinnaire Receives $1 Million CDFI Fund Award What Cinnaire is looking forward to in 2020? (Cinnaire's 5-year-plan).
Each month, Cinnaire’s Advancing Communities Podcast brings together our Chief Strategy Officer Jim Peffley with thought leaders, policy makers and others who are making an impact in the community development and affordable housing industries. Our guests share their experiences and perspective on a range of topics, each supporting the belief that all people deserve the opportunities provided by living in healthy communities. This month, Jim sits down with Richard Rothstein, author of The Color of Law: A Forgotten History of How Our Government Segregated America, to examine the decades-old local, state and federal housing policies that mandated segregation, violated the constitution and created racially homogeneous neighborhoods in cities across the country. Rothstein outlines with precision and fascinating insight how segregation in America - the incessant kind that continues to dog our major cities and contributed to so much social strife - is the byproduct of explicit governmentally created and enforced racist policies. Listen as Richard draws from his own research along with the scholarship of a generation of historians and sociologists whose documentation of the federal role in urban segregation including government redlining has been so central to our understanding of the recent urban past.