Cinnaire has announced the closing of the Cinnaire Fund for Housing Partnership 42, a $190 million multi-investor Low-Income Housing Tax Credit (LIHTC) fund.

This milestone will support the creation or preservation of 1,478 affordable multifamily homes across 21 properties, serving over 3,400 individuals. Cinnaire also plans to invest in communities spanning from Wisconsin to Delaware within a single fund. The fund’s investors include both national and regional banks, many of whom are repeat investors with Cinnaire.

“With each closing, we are reminded of our ongoing commitment to bringing affordable housing to the communities that we serve,” said Ryan Robinson, President of Cinnaire Syndication. The fund’s developments include 284 units designated for seniors and individuals with special needs, ensuring that vulnerable populations have access to safe, quality, and affordable homes.