President and Chief Executive Officer
Industry:Community Development finance and development
Mark S. McDaniel is President and CEO of Cinnaire (formerly Great Lakes Capital Fund), a Community Development Finance Institution with offices in Lansing, Detroit, Indiana, Wisconsin, Illinois, and Delaware. Mark received his B.S. in Urban Planning from Michigan State University in 1977 and has over 30 years of experience in the areas of affordable housing, community development, urban planning and market research. In Mark’s professional career he also formerly served as Vice President and President of a major development company in Michigan, and as Director of Development for another statewide nonprofit housing corporation. Since Cinnaire’s inception in 1993, with Mr. McDaniel at its helm, the agency has committed over $3.5 billion of loans and equity for affordable housing and community development efforts. Mark has strategically diversified the organization to provide access to permanent debt financing, construction lending, technical assistance, predevelopment lending, youth leadership training, and title services. As a result, Cinnaire is now recognized by the United States Treasury Department as a Community Development Financial Institution. Cinnaire is recognized nationally as one of the top nonprofits in the country and has been named by The NonProfit Times as one of the Top 50 nonprofits to work for and Crain’s Detroit Business as one of the Cool Places to Work for in Michigan.
Mark’s expertise has been tapped by many affiliate organizations of the affordable housing, development, and financial industries. Mr. McDaniel has served on the Board of Directors of a number of nonprofit organizations which advocate on behalf of affordable housing. Mark’s appointments include: Michigan Housing Council (current President), National Association of State and Local Equity Funds (past President); Fifth Third Bank’s Community Advisory Forum (Board Member); Habitat for Humanity of MI (Board Member); Michigan Magnet Fund (Treasurer); Art of Leadership Foundation (Vice Chair); Community Economic Development Association of Michigan (Board Member); Corporation for Supportive Housing State Advisory Committee (Member); National City Community Development Association (Board Member); Federal Home Loan Bank of Indianapolis Affordable Housing Council (former Chairman and Board Member), Children’s Trust Fund (Board of Directors), Michigan State University Urban Planning Alumni Advisory Board (Member), and the Seminary Consortium for Urban Pastoral Education (Board Member).
In 2004, Mr. McDaniel was the recipient of the Entrepreneur of the Year Award from the Greater Lansing Business Monthly and in 2008 received the Governors Corporate Service Award. In 2011, Mark was awarded the Michigan Habitat for Humanity’s Bernice Bensen Award recognizing his long service and commitment to Habitat for Humanity. He was also the recipient of the prestigious Terry R. Duvernay Award for 2013. The award recognizes lifetime achievements of leaders in the affordable housing industry.