Florida Community Loan Fund was founded in 1994 by a dedicated group of volunteers determined to meet the financing needs of Florida’s low-income communities. That founding principle shaped our core purpose – to maximize opportunities for people and places outside of the economic mainstream – which has guided not only how we lend, but how we respond to economic change, manage risk, and support our borrowers through both opportunity and uncertainty.
While 2025 marked 30 years of FCLF impact, it was also a year characterized by forward momentum, strong performance, and a renewed sense of responsibilities to the partners and communities we serve. As we reflect, three defining qualities stand out: resilience, strength, and commitment – attributes that have shaped our history and continue to direct our work today.
We invite you to dive into our 2025 Annual Report and learn more about these three qualities:
FCLF is resilient. We have navigated economic challenges throughout our history while looking towards the future with the motivation that each transaction we complete positively impacts lives and strengthens communities.
FCLF is strong. We have seen consistent growth and strength in performance, with a new high in loan production, increases in assets and loan receivable, and financing projects that continue to create jobs and provide housing and services for low-income Floridians.
FCLF is committed. Our commitment to our borrowers extends long after a loan closes and a ribbon is cut because we believe the true measure of our success is the effectiveness and endurance of the organizations we finance.
As we share this annual report, we thank all who have walked alongside FCLF for 30 years. With your unwavering support, we are confident in our talent and determination to continue this work while staying grounded in experience, disciplined in approach, and committed for the long term. We look forward to our next 30 years of impact.
CEO
Board Chair
COMMITMENT TO AFFORDABLE HOUSING
Cross Creek Gardens
Neighborhood Renaissance has provided affordable housing for low- and moderate-income families in southeast Florida for 33 years. With Cross Creek Gardens at Quincy, the organization is expanding into Florida’s panhandle through a collaboration with Acruva Community Developers. The apartments will be available with rents as low as $748 per month, helping area families make ends meet. FCLF has provided financing for many Neighborhood Renaissance projects over the past 23 years. neighborhoodrenaissance.org
FCLF IMPACT
• 1.8 million FCLF financing
• $16.4 million total project budget
• loan for construction and permanent financing
• 36 units of affordable rental housing
• located in Northwest Florida
With a shared mission and vision to grow communities and propel strong economies, FCLF is an instrumental resource to address the shortage of affordable housing throughout the state. – Terri Murray, Executive Director
The Hutchinson Foundation
The Hutchinson Foundation was established by Florida native Kindrell Hutchinson in response to gentrification in East Gainesville. The organization’s goal is to preserve neighborhoods and ensure long-time residents can remain in their community. FCLF provided financing for Jessie’s Village, providing affordable rental housing that will help create a stable and supportive environment where families can grow and thrive. hutchinsonfoundation.com
FCLF IMPACT
• $2.46 million FCLF financing
• $3.5 million total project budget
• loan for construction and permanent financing
• 22 units of affordable rental housing
• located in Northeast Florida
FCLF understands not just the numbers, but the deeper purpose and what the project means to this community. Their commitment allowed us to move forward with confidence. – Kindrell Hutchinson, CEO
Community of Hope
Community of Hope, founded in 2005, is Brevard County’s leading provider of affordable housing for families facing homelessness. Beyond shelter, they offer life-skills training and financial planning to end the cycle of poverty and support youth aging out of foster care. FCLF recently financed the purchase of a 21,000-square-foot facility to serve as the organization’s new headquarters and thrift store. This permanent home provides a stable foundation for Community of Hope to expand its vital services. hopeofbrevard.com
FCLF IMPACT
• $1.785 million FCLF financing (at time of report)
• $2.2 million total project budget
• loan for acquisition and renovation for organization’s headquarters and future expansion
• 21,270 sq ft for offices and services to low-income families
• located in Central Florida
As a nonprofit affordable housing provider, Community of Hope struggles with attaining traditional bank financing. FCLF made funding more affordable housing simple. – Drew Warren, Executive Director
Sunshine State Development of South Florida, Inc.
When an affordable housing project in North Miami stalled due to COVID-19, Sunshine State stepped in to partner with the City of North Miami and the Community Redevelopment Agency (CRA) and finish the project. FCLF provided financing to complete the construction of NOMI Lofts, a two-story building featuring five apartments available to area low-income senior citizens. residencesnomi.com
FCLF IMPACT
• $1.1 million FCLF financing
• $2.2 million total project budget
• construction loan
• 5 affordable rental homes for seniors
• located in South Florida
When you think of community projects, you need a community partner. Florida Community Loan Fund is the best partner to have! – Lynda V. Harris, President/CEO
COMMITMENT TO COMMUNITY FACILITIES
Childcare Resources of Indian River
Over its 30-year history, Childcare Resources has become recognized as a center of excellence in the community, providing research-based learning experience for economically challenged families in Indian River County. With FCLF financing, CCR purchased and will renovate a building to serve as its new home. This project will expand the reach to more area families, provide additional wellness and early intervention services, and offer ongoing professional development for educators. childcareresourcesir.org
FCLF IMPACT
• $8.34 million FCLF financing
• $14.5 million total project budget
• loan for acquisition and rehabilitation loan
• 30,000 sq-ft facility to provide headquarters and primary services location serving 500+ students
• located in Southeast Florida
With the backing and help of FCLF, we are able to accelerate progress towards our vision of a community where all children and families benefit from a high-quality learning experience. – Shannon McGuire Bowman, Executive Director
Harry Chapin Food Bank of Southwest Florida
Harry Chapin Food Bank of Southwest Florida serves 300,000 neighbors monthly across a 5-county area. The need for assistance has grown by 10% in the past year, with increased demand from children, families, seniors, and those whose salaries cannot keep up with rising costs. With financing through Florida Community Loan Funds’ New Markets Tax Credit program, HCFB is building a new warehouse and distribution center to serve more neighbors with access to healthy foods, nutrition education, and critical wraparound services. harrychapinfoodbank.org
FCLF IMPACT
• $47.5 million total project budget
• $16 million FCLF Federal NMTC allocation
• l97,000 sq ft of new construction
• 162 temporary + 118 permanent jobs estimated
• located in Southwest Florida
At Harry Chapin Food Bank, we are building boldly to expand our capacity and strengthen partnerships so we can fulfill our mission to lead the community in the fight to end hunger. – Richard LeBer, President & CEO
Handy
Since 1985 Handy, or Helping Advance and Nurture the Development of Youth, has provided essential support for youth in foster care or living with relatives and for families in poverty. With FCLF financing, Handy purchased a 43,000 square-foot building for its headquarters and programs including life skills training, education support, employment skills, and more. The new permanent location ensures Handy can remain in its Broward County community and expand to reach even more youth. handyinc.org
FCLF IMPACT
• $6 million FCLF financing
• $6 million total project budget
• loan for acquisition
• 43,000 sq ft for nonprofit youth services and administrative offices, serving 1,100 annually
• located in South Florida
This transformative investment allows us to create opportunities that break the cycle of poverty and build a legacy of brighter tomorrows. We are honored to partner with FCLF in advancing Handy’s mission. – Kirk Brown, CEO
OUR IMPACT
FINANCIAL RESULTS 2025
Summary Statement of Financial Position
Summary Statement of Activities
Loan Portfolio by Sector
INVESTORS AND SUPPORTERS
Philanthropic • Adrian Dominicans • Archdiocese of Miami • G. Dawson • Diocese of Palm Beach • Diocese of Venice • The Erich and Hannah Sachs Foundation • The Father’s Table Foundation • Florida Blue Foundation • Good to Grow Fund • Health Foundation of South Florida • Mercy Partnership Foundation • Opportunity Finance Network • Religious Communities Impact Fund • Religious of the Sacred Heart of Mary, In Memory of Sr. Mary Heyser • School Sisters of Notre Dame (Maryland) • Sinsinawa Dominican Sisters • Sisters of Charity of Nazareth • Sisters of Charity of St. Elizabeth • Sisters of Providence • Sisters of St. Francis of Philadelphia • Sisters of the Blessed Sacrament • Sisters of the Holy Names of Jesus and Mary • Sisters of the Sacred Heart of Mary • Trinity Health • Union for Reform Judaism
Corporate • Amerant • Banesco USA • Bank of America • Bank of America Foundation • BankUnited • BMO Harris Bank • BNY • Cogent Bank • Comerica Bank • EverBank • FineMark National Bank & Trust • Fifth Third Bank • First Citizens Bank • First Horizon Bank • Florida Capital Bank • HSBC Bank USA, NA • JPMorgan Chase Foundation • Northern Trust • One Florida Bank • PNC Bank • Raymond James Bank • Regions Bank • Santander Bank • SouthState Bank • Synovus Bank • TD Bank • TD Charitable Foundation • Third Federal Savings & Loan • Truist Bank • Trustco Bank • United Community Bank • US Bancorp Community Development Corporation • US Bank, NA • Valley Bank • Wells Fargo Bank • Wells Fargo Foundation • Woodforest National Bank
Government • Community Development Financial Institution (CDFI) Fund of the U.S. Department of the Treasury
FCLF BOARD OF DIRECTORS
Tina Brown, Chair. CEO, OYC Miami
Germaine Smith-Baugh, Vice Chair. President & CEO, Urban League of Broward County
Lauren Butler, 2nd Vice Chair. Impact Financing Initiative Relationship Manager, Truist Bank
Alecia Dillon, Treasurer. CFO, Health Foundation of South Florida
Judith Rimbey, OP, Treasurer. Business Office Assistant, Cardinal Newman High School
Victor Rivera, Secretary. Vice President of Lending, Civic Builders
Ernest Coney, Jr., President & CEO, CDC of Tampa
Annie Neasman
David R. Punzak, Esquire
Claire Raley
John Talmage, Director, Lee County Economic Development Office
Top of page: Hope Partnership programs • Handy youth services programs • Community of Hope ribbon cutting • Cross Creek Gardens at Quincy architectural rendering • Boys & Girls Clubs of Polk County ribbon cutting.
