Cinnaire Receives Celebration of Regional Growth Award from the Lansing Regional Chamber of Commerce
The Lansing Regional Chamber recently announced Cinnaire is one of four recipients to receive the 2018 Celebration of Regional Growth (CORG) Award. Established in 2006, the CORG award honors organizations that are leading the ongoing transformation of the Greater Lansing region.
Cinnaire has been recognized for our 25-year commitment to transforming neighborhoods and our significant investment in the Greater Lansing region. Application Specialist Company (ASK), Auto-Owners, and Harbor Bay Real Estate Company join Cinnaire in receiving this prestigious award. The organizations will be recognized on November 15th at the 2018 Celebration of Regional Growth.
In 1993, Cinnaire’s founder and CEO, Mark Mcdaniel, launched a tax credit fund to support much needed affordable housing in Michigan. Twenty-five years later, Cinnaire has expanded to more than 100 team members with six offices and programs in ten states. Since its founding, Cinnaire has provided $3.9 billion in total investments, which have provided over 47,000 affordable apartments in the communities it serves and created and/or retained 65,000 jobs.
As the company grew and developed a need for a new headquarters, McDaniel resisted suggestions the company locate in the suburbs, choosing instead to locate in Lansing’s REO Town neighborhood.
“If our mission is to transform communities and go where no one else wants to go, what does it say if we go to some suburban office park,” said McDaniel. “We focused on staying in Lansing. REO Town was an ignored neighborhood at the time with a lot of disinvestment, crime, prostitutes, drugs, and low home values. It was the perfect place for us to grow our business contributing to healthy communities.”
About Cinnaire Cinnaire helps development organizations, lending partners and socially motivated investors accomplish goals in underserved communities by leveraging capital from public and private sector organizations and bringing expertise to communities that need it most. For more information, contact: Corinne Hyzny at 302-300-4247.