FCLF's mission is to offer expertise and capital to help make projects successful and help organizations improve lives and communities. Our goal is to help organizations build, acquire and rehab projects – ultimately, to help people and build strong communities. We believe a community is defined by its components: housing, schools, healthcare, grocery stores, local businesses. Our loans help strengthen the building blocks of communities by providing resources to help local non-profit and mission-based for-profit organizations achieve their missions.
Here are some of the ways we have touched lives and communities through our financing programs.
As of June 30, 2017, FCLF has achieved...
$306 million in total financing, totaling
256 loans through its community development and preservation lending, and
20 transactions through the New Markets Tax Credit Program.
Our borrowers provide affordable housing, for sale and rent, to households that meet low-income criteria. As of June 30, 2017, FCLF has financed 4,645 affordable housing units.
In addition to these measurable impacts, we also work to improve public policies that:
- affect the operating environment in which our borrowers work,
- create opportunities for increasing the capacity for non-profit developers, and
- promote transparent accountable strategies for increasing the flow of capital for community and economic development in low- and moderate-income communities.
Our efforts also include educating state and federal elected officials on the role of Community Development Financial Institutions (CDFIs) as important intermediary institutions with the capacity to leverage state and federal dollars to achieve greater impact.
Here is a snapshot of FCLF's Loan Portfolio at June 30, 2017.