CDE: Cinnaire New Markets

To all NMTC Coalition Members: If you would like to add projects, a description of your CDE, or anything else to this page, contact Paul Anderson.

Recent Allocation Awards:

Project Profiles and Stories

Sugar Hill

Detroit,
MI
(2020)

Adult Education, Affordable Housing, College or Vocational Training, Community, Housing, Infrastructure, Mixed-use, Retail, Retail and Commercial, Transportation and Ports, Veterans Services

CDE(s): Building America CDE, Cinnaire New Markets, Michigan Community Capital, PNC

Construction and development of a 5-story, mixed-use building consisting of 68 residential units, parking and approximately 12,000 sq. ft. of ground floor commercial and retail space.

Hoen and Co Lithograph Building Phases 1 and 2

Baltimore,
MD
(2020)

Adult Education, College or Vocational Training, Community, Incubator, Mixed-use, Nonprofit Hub

CDE(s): Cinnaire New Markets, City First, National Trust Community Investment Corporation, Telesis CDE Corporation

The 85,000 sq. ft. former lithograph printing complex was restored and transformed into the Center for Neighborhood Innovation, convening workforce development programs, educational training, neighborhood revitalization advocates, and nonprofits committed

EastSide STEM HUB, Inc.

Wilmington,
DE
(2023)

Manufacturing, Youth and Families

CDE(s): Cinnaire New Markets, USBCDE

Wilmington STEM Hub Funded by NMTC & Community Partners

Fillmore Center

Chicago,
IL
(2024)

Manufacturing

CDE(s): Chicago Development Fund, Cinnaire New Markets, Dudley Ventures

A new facility in Chicago, IL is helping train local workers for stable careers in manufacturing

Boston Square

Grand Rapids,
MI
(2023)

Nonprofit Hub

CDE(s): Cinnaire New Markets, MBS Urban Initiatives, Petros Community Impact Fund, PNC

Construction of a two-story 49,000 sq. ft. multi-purpose community hub includes an early childhood learning center, workforce development/ co‐working space, and a wellness center.

GVSU Seidman College of Business

Grand Rapids,
MI
(2011)

Adult Education, College or Vocational Training, Community, Housing, Incubator, Mixed-use

CDE(s): Cinnaire New Markets, Michigan Community Capital, PNC

Mixed-use, including housing and commercial for GVSU Seidman College of Business.

Hoen Lithograph Campus

Baltimore,
MD
(2020)

Adult Education, College or Vocational Training, Community, Incubator, Mixed-use, Nonprofit Hub

CDE(s): Cinnaire New Markets, City First, National Trust Community Investment Corporation, Telesis CDE Corporation

Redevelopment of the 86,000 square foot blighted complex (that includes 6 buildings) in East Baltimore’s Middle East neighborhood, which had been vacant since 1981 and was in a state of

410 Broadway

Mount Pleasant,
MI
(2020)

Grocery and Fresh Food, Mixed-use, Retail, Retail and Commercial, Workforce Housing

CDE(s): Cinnaire New Markets, PNC

Construction of a four-story, co-op grocery anchored, mixed-use development consisting of 11,000 sq. ft. commercial space and 48 residential rental units in rural Mount Pleasant, MI.

Boys & Girls Club of the Wisconsin Rapids Area and the South Wood County YMCA/YWCA

Wisconsin Rapids,
WI
(2018)

Boys and Girls Clubs, Community, Daycare and Early Childhood, Incubator, Mixed-use, Nonprofit Hub, Recreation, Rural, YMCAs and YWCAs, Youth and Families

CDE(s): Cinnaire New Markets, Mid-City Community CDE

NMTC financing supported a new 90,000 sq. ft. facility located in a severely distressed, non-metro, low income community.

Kalamazoo Gospel Mission

Kalamazoo,
MI
(2020)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, Dental Services, Healthcare, Historic Rehabilitation, Housing, Mixed-use, Nonprofit Hub, Shelters and Community Food, Targeted Populations, Youth and Families

CDE(s): Cinnaire New Markets, PNC

A newly constructed and rehabilitated facility features 242 beds, multipurpose rooms, community rooms, a medical recovery room, day room, offices, reading room, and an elevator for increased accessibility.

Marygrove Conservancy

Detroit,
MI
(2020)

Affordable Housing, Community, Daycare and Early Childhood, FQHCs, Healthcare, Housing, Youth and Families

CDE(s): Capital Impact Partners, Cinnaire New Markets, MBS Urban Initiatives

$22 million financing package closes to support cutting edge early childhood center on Marygrove campus

Marshfield Area YMCA

Marshfield,
WI
(2017)

Community, Daycare and Early Childhood, Healthcare, Recreation, Rural, YMCAs and YWCAs, Youth and Families

CDE(s): Cinnaire New Markets, Forward Community Investments

Cinnaire provided a $7.2M NMTC allocation to support the expansion and rehabilitation of the Marshfield Area YMCA.

Haven

Pontiac,
MI
(2014)

Behavioral Health, Community, Healthcare, Housing, Mixed-use, Shelters and Community Food

CDE(s): Chase, Cinnaire New Markets

Office space for domestic violence nonprofit and shelter with 16 housing units for victims of domestic violence.

Salvation Army Freedom Center

Chicago,
IL
(2015)

Addiction Treatment, Behavioral Health, College or Vocational Training, Community, FQHCs, Healthcare, Recreation, Salvation Army, Shelters and Community Food, Vocational Training

CDE(s): Cinnaire New Markets, IFF

NMTC investment supports the Salvation Army Freedom Center Pathway Forward and Harbor Light Center.

New Market West

Philadelphia,
PA
(2018)

Adult Education, Behavioral Health, College or Vocational Training, Community, Daycare and Early Childhood, FQHCs, Healthcare, Housing, Mixed-use, Retail, Youth and Families

CDE(s): Cinnaire New Markets, Commonwealth Cornerstone Group, PIDC Community Capital, PNC

New Market West is a four story, LEED certified 135,700 sq. ft. commercial building that creates a hub for retail and community services near the 60th and Market Street El

Paul’s Place – Groundwork Kitchen

Baltimore,
MD
(2019)

Adult Education, Business Development, College or Vocational Training, Community, Culinary Entrepreneurship, Daycare and Early Childhood, Healthcare, Incubator, Restaurants and Catering, Retail and Commercial, Shelters and Community Food, Youth and Families

CDE(s): Cinnaire New Markets

Paul's Place Inc. is expanding its workforce development platform to create a social enterprise restaurant and culinary arts training program in Baltimore.

Altgeld Resource Center

Chicago,
IL
(2019)

Community, Daycare and Early Childhood, Library, Youth and Families

CDE(s): Building America CDE, Cinnaire New Markets

The new construction of the Altgeld Family Resource Center provides an early childhood learning center, a Chicago Public Library, and a community center to the Altgeld/Murray neighborhood on the far

Mel Trotter Industries

Grand Rapids,
MI
(2023)

Business Development, College or Vocational Training, Community, Housing, Manufacturing, Shelters and Community Food, Supportive Housing, Vocational Training

CDE(s): Chase, Cinnaire New Markets, Consortium America, Michigan Community Capital

Mel Trotter Ministries Creating New Opportunities in Grand Rapids

Aspire Center for Workforce Innovation

Chicago,
IL
(2023)

College or Vocational Training, FQHCs, Manufacturing, Nonprofit Hub

CDE(s): BMO Harris, Chase, Chicago Development Fund, Cinnaire New Markets, Enterprise Community Partners

Located in the Austin neighborhood of Chicago, the Aspire Center for Workforce Innovation will become a coordinated one-stop business and career development center, comprised of workforce training, career development and

East Jordan Foundry

Elmira,
MI
(2017)

Business Development, Manufacturing, Rural

CDE(s): Cinnaire New Markets, CRFUSA, Mascoma Community Development, PNC

Financing for the acquisition and installation of equipment for a metal casting facility, East Jordan Iron Works.

Flex N’ Gate Effingham

Effingham,
IL
(2021)

Auto Manufacturing, Manufacturing

CDE(s): Central States Development Partners, Cinnaire New Markets, FirstPathway Community Development, Legacy Economic Growth Fund, SCORE

Upgrades made to a manufacturing facility could expand its imprint from 500 employees to up 1,200 employees.

Wisconsin Aluminum Foundry

Manitowoc,
WI
(2023)

Manufacturing

CDE(s): Cinnaire New Markets

Century-old Wisconsin Manufacturer Expands, Builds New Foundry in Manitowoc

Coastal Container pays forward tax credit to support program that helps the unhoused

Manufacturing

CDE(s): Cinnaire New Markets, Michigan Community Capital

A Holland firm has found an innovative way to support the work of a Grand Rapids organization that serves the unhoused population.

Wisconsin Aluminum Foundry Receives $11 Million New Markets Tax Credit Investment

Manufacturing

CDE(s): Cinnaire New Markets

Wisconsin Aluminum Foundry in Manitowoc has announced that they have received a major boost in helping finance their expansion project.

Officials Break Ground on Grand Rapids Diamond Place

Affordable Housing, Community, Housing, Mixed-use

CDE(s): Chase, Cinnaire New Markets

Resintech Moves Into East Camden with Talk of Neighborhood Revitalization and Manufacturing Jobs

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

Kone Center

Moline,
IL
(2010)

Mixed-use, Retail

CDE(s): Cinnaire New Markets, Waveland Community Development

Headquarters for Kone Company and other – mixed-use, including retail, office and additional public amenities: This project is part of a multi-stage development plan that includes the participation of the

Chicago Jesuit Academy

Chicago,
IL
(2022)

Behavioral Health, Community, Historic Rehabilitation, Schools

CDE(s): Cinnaire New Markets, Enterprise Community Partners, SCORE

The Chicago Jesuit Academy was founded in 2005 to support students from historically disinvested communities and is located on Chicago’s West Austin Neighborhood. The CJA currently provides a high-quality education

Peter Giles

CDE(s): Cinnaire New Markets

Peter Giles joined Cinnaire in 2011 and currently serves as Senior Vice President of Business Development. Peter manages all facets of our New Market Tax Credit business line, including securing

ResinTech

Camden,
NJ
(2019)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Consortium America, New Jersey Community Loan Fund

Construction of new production facilties for Resintech, Inc. and ActionPak, Inc. ResinTech Inc’s facility in Camden, NJ was the first ion exchange resin manufacturing plant built in the U.S. in

Tommy Car Wash Systems

Holland,
MI
(2021)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets

Tommy Car Wash Systems will expand its manufacturing capacity by constructing a new headquarters and manufacturing facility with $13 million in NMTC allocation.

Lexington Market

Baltimore,
MD
(2019)

Business Development, Community, Incubator

CDE(s): Cinnaire New Markets, Enterprise Community Partners, Harbor Bankshares Corporation, USBCDE

Salvaging and adaptively reusing the existing East Market Building, reopening Lexington Street for pedestrians, and building a new 63,000 square foot market building on the south parking lot that is

ST Paper

Oconto Falls,
WI
(2010)

Business Development, Manufacturing

CDE(s): Cinnaire New Markets, Greenline Ventures, National New Markets Fund, United Fund Advisors, USBCDE, WHEDA

ST Paper purchased the Oconto Falls mill in 2007 and made investments in the operation to expand its customer reach and improve production capabilities.

Ivy Tech Automotive Training Center

Indianapolis,
IN
(2020)

Adult Education, College or Vocational Training, Community, Vocational Training

CDE(s): Cinnaire New Markets, Indianapolis Redevelopment CDE, PNC

The project is a $16.1MM, 56,925 sq. ft. educational facility designed to provide in-demand automotive, mechanic, and other technical training in Indianapolis, Indiana.

Nueske’s Meats

Wittenberg,
WI
(2016)

Business Development, Food Manufacturing, Manufacturing, Rural

CDE(s): Cinnaire New Markets, PNC, WHEDA

This project involved expanding a facility for meat a manufacturer.

Warsaw YMCA

Warsaw,
IN
(2014)

Community, Daycare and Early Childhood, Healthcare, Recreation, Rural, YMCAs and YWCAs, Youth and Families

CDE(s): Cinnaire New Markets, Local Initiatives Support Corporation

The project is a new state-of-the-art 72,000 sq. ft. Kosciusko County YMCA facility.