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

Claudia EstradaBusiness, 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 …