Cinnaire Development Finance Management, LLC

The firm does not publicly list named principals at the executive level for the for-profit entity. The broader Cinnaire organization is led by CEO Mark Morlock (per public record). Investment decisions are likely made by the managing directors of tax-credit syndication and lending, but their names are not broadly disseminated.

Cinnaire is not a family office. It is a for-profit development finance management firm that is a subsidiary of the nonprofit Cinnaire Corporation. Its mission is to attract private and public capital to underserved communities through tax-credit syndication, lending, and advisory — not to manage family wealth.

Cinnaire syndicates Low-Income Housing Tax Credits (LIHTC) and New Markets Tax Credits (NMTC) through limited partnerships and funds. It also originates construction and permanent loans from its own balance sheet, leverages federal programs like the Federal Home Loan Bank's Affordable Housing Program, and administers pre-development grants.

Cinnaire concentrates in the Midwest (Michigan, Ohio, Indiana, Illinois) and the Mid-Atlantic (Delaware, Maryland, Pennsylvania), with additional projects in Wisconsin and Minnesota. Its work is primarily in low-income and historically disinvested urban and rural neighborhoods.

Cinnaire's deal flow originates from long-standing relationships with community-development financial institutions (CDFIs), housing authorities, nonprofit developers, and for-profit developers active in LIHTC and NMTC markets. The firm also proactively deploys its own lending capital to projects in its target geographies.

Cinnaire explicitly avoids market-rate real estate development, luxury housing, commercial office space, and any projects not aligned with its community-development tax-credit mission. It does not invest in venture capital, private equity, or public securities.

Yes. Cinnaire is part of the broader Cinnaire organization, which includes the nonprofit Cinnaire Corporation that administers grants and community development programs. The for-profit management company's profits are used to support the nonprofit's mission, creating an indirect philanthropic tie.