[Congressional Record Volume 169, Number 152 (Wednesday, September 20, 2023)]
[Extensions of Remarks]
[Page E870]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




               HONORING CINNAIRE FOR 30 YEARS OF SERVICE

                                 ______
                                 

                          HON. ELISSA SLOTKIN

                              of michigan

                    in the house of representatives

                     Wednesday, September 20, 2023

  Ms. SLOTKIN. Mr. Speaker, today I honor a Lansing, Michigan-based 
institution that for 30 years has been dedicated to revitalizing 
communities across our great state and around the country. Guided by 
the belief that every community needs affordable housing, job 
opportunities, high-quality healthcare, and childcare, Cinnaire has, 
since 1993, strategically invested in economically and racially 
marginalized communities that have historically been denied access to 
Capital. As this vibrant non-profit organization celebrates its 30th 
anniversary, I applaud Cinnaire for the systemic change it is helping 
to bring about.
  Armed with a dream and vision to change lives and transform 
struggling neighborhoods, Cinnaire's founder and CEO Mark McDaniel sat 
down in 1993 at a table with a phone and a Rolodex of names and contact 
information. From those humble beginnings, he launched a new tax credit 
fund in Michigan, which over the past 3 decades has become a nearly $6 
billion investment.
  As a community development financial organization, Mark and his team, 
which has now grown to 130 dedicated employees, have found creative 
ways to leverage existing financial resources from public and private 
sector organizations to provide access to investment funding, lending 
options, and other services that support economic development in the 
communities they serve. The result has been profound: since 1993, 
Cinnaire has supported more than 1,000 housing developments, provided 
more than 63,000 affordable apartments, and created or retained more 
than 92,000 jobs.
  I have seen firsthand the transformative work Cinnaire is doing in 
Lansing, and I am so thankful for its commitment to systemic change and 
problem-solving. I salute Cinnaire for a 30-year commitment to ensuring 
everyone, especially the most vulnerable among us, can lead lives of 
dignity and opportunity. May the good work of this organization 
continue long into the future.

                          ____________________