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 successful and help organizations improve lives and communities.
We Believe In A THRIVING FLORIDA FOR ALL
Building a strong Florida together.
FCLF champions opportunity and dignity for every person and community in Florida. We partner with organizations that create access to affordable housing and essential services for all Floridians, particularly in communities of color. We are committed to providing capital for organizations serving and led by people of color and to measure our impact on expanding access to resources.
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.
Opportunity Finance Network has released a research report on The Business Model of Loan Funds.
In memory of Miles Anderson, long time FCLF Board and Committee member, who passed away in November 2024.
Central Florida Health Care has opened its new location in Frostproof, expanding the availability of healthcare.
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
“We are excited and thrilled about our expansion, and thankful for the partnership with FCLF. Together we are building healthy futures for children and families." – Vicki Soulé, CEO
Treasure Coast Community Health
“Thanks to FCLF we’re able to provide brand-new safe, affordable homes for 90 families in a sustainable mixed-use, mixed-income community." – Mitchell Rosenstein, Founder & Principal
Green Mills Group
"FCLF understands and is a part of what we are doing: helping families have the American dream of owning a home." – Isaac Simhon, Executive Director
Housing Programs, Inc.
"Partnering with FCLF helped us lower costs and maintain our construction schedule… helping us serve more families, more efficiently." – Catherine Steck McManus, President & CEO
Habitat for Humanity Greater Orlando …
"It is really working. FCLF is really touching low-income people." – Florida Community Loan Fund Founding Board Member
Sister Mary Heyser, RSHM
"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
“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
"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
"We appreciate how the work of FCLF primarily benefits low- to moderate-income individuals and areas and supports the needs of our community." – Maria J. Thompson, Community Development Manager
Third Federal Savings
“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 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
"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
"We commend the important work of your organization, are glad to support its efforts." – Beverly Dabney
JPMorgan Chase Foundation
“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
"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
"FCLF is very focused on bringing financing to affordable housing. Stability in these households brings stability to the entire community." – Jonathan Wolf, President & Founder
Wendover Housing
"This renovation marks a significant milestone in our 38-year history. We are grateful for FCLF's support and for helping us further our mission." – Nina Yon, President & CEO
The Sharing Center
"FCLF shows a clear strategy and demonstrated evidence of addressing prevalent community needs." – J. Reymundo Ocañas, Director, Corp Responsibility
BBVA Compass
Partnering with FCLF allows PNC to help build strong communities. - Aileen Pruitt, Florida Market Manager, PNC Community Development Banking
PNC Bank
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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