Florida Community Loan Fund (FCLF) is a statewide Community Development Financial Institution (CDFI). Established in 1994 as a 501(c)(3), we are a mission-based nonprofit organization dedicated to improving low-income communities throughout Florida by delivering flexible financing and staff expertise. Learn more about Our Impact.
Our lending provides various types of financing to meet the needs of nonprofit organizations and mission-based for-profit organizations that develop affordable housing, supportive housing, community facilities, and economic development projects. This financing can include loans for new construction, preservation, rehab, acquisition, lines of credit, and/or longer term permanent financing. Learn more about Borrowing from FCLF.
Our financing is made possible by FCLF's strong track record of performance and partnership with investors. These investors include financial institutions, religious organizations, foundations, government entities, nonprofits, corporations and individuals – all of which support FCLF's mission in various ways. Learn more about Investing in FCLF.
OUR CORE PURPOSE.
FCLF exists to maximize opportunities for people and places outside of the economic mainstream.
OUR VISION.
Opportunity and dignity exist for every person and community in Florida.
OUR MISSION.
Our expertise and capital make projects succesful and help organizations improve lives and communities.
We Believe In Equity
Advancing racial equity is essential to FCLF’s vision of opportunity and dignity for every person and community in Florida.
We recognize that people and communities of color have historically had profoundly imbalanced access to affordable, stable housing and essential services, including life-saving healthcare. We are committed to providing capital for organizations that serve and are led by people of color and to measuring our activities toward this pursuit.
Our History
1994
FCLF was founded to support community development across Florida. FCLF Founding Board Member Sister Mary Heyser of the Religious of the Sacred Heart of Mary inspired leaders statewide to capitalize “the Loan Fund.”
1996
Under the wisdom and leadership of our founders, FCLF became Florida’s first statewide certified CDFI. We made our first loan for $50,000 to provide 7 single family homes for low-income households.
2004
FCLF became certified as a Community Development Entity (CDE) by the U.S. Dept. of Treasury and began our New Markets Tax Credit program. The NMTC program continues to have a high impact on economic development and jobs creation.
2009
Coming out of the Great Recession strong than ever, FCLF remained patient and persistent as we worked alongside community developers. We also received our first major support from the State of Florida to preserve affordable multifamily housing.
2014
2014 was a record-setting year for FCLF, as we deployed over $45 million in financing in a single year – a number that has continued to increase in subsequent years. In 2014, FCLF was one of 3 CDFIs awarded the national Wells Fargo NEXT Opportunity Award.
2018
By 2018, FCLF's total assets had grown to $71 million through management of our loan portfolio improving low-income communities. We were recognized for our hard work and impact with an NMTC Allocation award and a CDFI Award including Florida's only award for HFFI (Healthy Food Financing Initiative) and Disability Finance.
2022
FCLF continues to grow and evolve with net assets totaling $108 million and 411 loans closed. Over the past 2 years we reacted swiftly to the threat of the COVID-19 pandemic, creating emergency relief loan programs for FCLF borrowers, and partnering with fellow CDFI CRF to offer Paycheck Protection Program loans.
OUR IMPACT
All FCLF-financed projects have a direct social impact on the low-income communities we serve.
With the CDFI Capital Magnet Fund Award, FCLF will continue to finance affordable rental housing in Florida.
Florida Community Loan Fund will receive bond funding as part of the U.S. Treasury CDFI Bond Guarantee Program.
FCLF was awarded $60 million NMTC Allocation, which will support high quality jobs, expanded healthcare, and community services.
PUBLICATIONS AND RESOURCES
Need additional information? Here are PDF documents and links to affiliated organizations.
Our Team
FCLF’s Team consists of individuals dedicated to maximizing opportunities for people and places outside the economic mainstream. We are committed to putting our expertise to work to make projects successful and help organizations improve lives and communities.
Dwayne Rankin
As a Community Development Loan Officer, Dwayne Rankin underwrites community and economic development loans for Florida Community Loan Fund's commercial loan programs. Mr. Rankin also provides technical assistance to borrowers throughout Tampa, West and Southwest Florida. Mr. Rankin brings 20+ years of commercial lending, economic development finance and community development expertise to FCLF. His experience includes working for both not-for-profit lending organizations and regional banks. Mr. Rankin worked as a Relationship Manager for Citizens Bank, a regional bank based in Providence Rhode Island, where he helped large corporate clients by providing commercial and industrial loans, commercial real estate loans, and a host of banking services. He also worked as the Chief Lending Officer for Bridgeway Capital, a Community Development Financial Institution based in Pittsburgh Pennsylvania, where during his nearly 8 years with the organization helped to invest $100 million into low-income communities.
Mr. Rankin is dedicated to helping to bring opportunity and dignity to people and places outside the economic mainstream. He facilitates projects for both nonprofits and mission-oriented for-profit clients while supporting FCLF’s goal of providing expertise and capital to improve lives and communities.
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Community Development Loan Officer
Hear From Our Partners
“FCLF does more than finance deals; they make true community investments."– Mandy Bartle, Executive Director
South Florida Community Land Trust
“Expanding our facility with NMTC financing provides the Overtown community resources necessary to provide a fighting chance to break down barriers and break the cycles of poverty.” – Tina Brown, CEO
OYC Miami
"FCLF understood our context, embraced the project vision, and were willing to make an investment that others deemed as too risky." – Lynn Brockwell-Carey, Executive Director
Neighbor Up Brevard
“Our partnership with FCLF makes an enormous difference in overcoming the challenge of providing affordable housing." – Jo Ann Nesbitt, President/CEO
St. Jude Great Commission CDC
“FCLF addresses local community needs, which aligns with our core values. We appreciate your commitment to our communities.” – Mellissa Slover-Athey, Comm Reinv Ofcr
CenterState Bank
"FCLF has a keen knowledge of Florida challenges & opportunities. We are confident our investment will be used to improve lives." – Kathleen Rizzo Young, Sr. VP, Community Development
HSBC Bank USA, N.A.
“We are grateful for FCLF’s partnership. This is what is possible when a community comes together for its most vulnerable neighbors."– Stephanie Berman-Eisenberg, Pres/CEO
Carrfour Supportive Hsng Apollo Gardens
"FCLF shows a clear strategy and demonstrated evidence of addressing prevalent community needs." – J. Reymundo Ocañas, Director, Corp Responsibility
BBVA Compass
"FCLF is a difference maker! Their team provides solutions to bring about real change in a community." – Tim Marks, President & CEO
Metropolitan Ministries
“With FCLF’s invaluable assistance, HBH was able to realize a transformative vision that is a game-changer for our community."– John Aquino, Dir. of Admin
Henderson Behavioral Health
"Trinity Health is happy to partner with FCLF. We look forward to seeing the impact in the communities you serve." – Sr. Kathleen Coll, SSJ, Administrator, Shareholder Advocacy
Trinity Health
“Affordable housing is an issue that needs our full attention. This grant, along with the efforts of FCLF, will help inspire and build better lives and communities." – Steve Fisher, Regional Pres
Truist
"The Fathers Table Foundation appreciates the services FCLF provides and the impact on the communities you serve. We believe in your organization and your mission." – Dan Gilardi, President
Fathers Table Foundation
"BankUnited understands the challenges facing our communities; we applaud FCLF's efforts. Thank you for making our community a better place to live." – Katrina Wright, VP Comm. Dev.
BankUnited
“Thank you FCLF for assisting me with this project. Soon we will have affordable housing ready, and the community is proud to welcome new families."– Robyn Yant, Owner & Founder
Impactful Investment Partners
"We are so grateful to FCLF for coming alongside us as partners in creating new outcomes for our friends and neighbors." – Thomas Mantz, President & CEO
Feeding Tampa Bay
"We admire your passion for improving our nation’s communities. We hope that together we can continue closing the gap between people and opportunities." – Zack Boyers, Chairman & CEO
US Bancorp CDC
"FCLF plays a significant role in sustaining vibrant and thriving communities. We are pleased to support your ongoing community based efforts." – Ernie Diaz, South Florida Market President
TD Charitable Foundation
"Thanks to FCLF on behalf of the many women and children served by our team. We have seen thousands of lives changed and NMTC financing was an extraordinary boost." – Constance Collins, Presi
Lotus Village
"We're thrilled to partner with FCLF to make our project a reality to serve generations of kids in our community." – Dawn Stanhope, President & CEO
Boys & Girls Clubs of Manatee County
Core Purpose FCLF exists to maximize opportunities for people and places outside of the economic mainstream.
Our Vision Opportunity and dignity exist for every person and community in Florida.
Our Mission Our expertise and capital make projects successful and help organizations improve lives and communities.
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