At FCLF, every loan we make brings high social impact to its low-income community and the residents of that community.
We help capital flow in new and better ways for people and places that we exist to serve. 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 stabilize communities by providing resources to help local nonprofit and mission-based for-profit organizations succeed and achieve their missions. Below is a snapshot of Our Impact through December 31, 2023.
$663 million in total financing $2.1 billion in total project costs 441 community development loans + 34 NMTC transactions
AFFORDABLE HOUSING FOR LOW-INCOME HOUSEHOLDS
8,577 affordable housing units
for sale and for rent, to households that meet low-income criteria
including 1,667 supportive housing units
that provide additional on-site services for residents who are at risk or have special needs.
COMMUNITY FACILITIES THAT PROVIDE SERVICES
178 community facilities
3 million square feet providing essential social services
such as healthcare and behavioral health, education, youth services, food access, and other social service facilities.
JOBS THAT STRENGTHEN THE ECONOMY
26,191 jobs have been created or retained
as a result of FCLF project financing. These are viewed in two categories:
21,191 temporary construction jobs + 5,000 permanent jobs
FLORIDIANS REACHED WITH SERVICES
2.21 million low-income Floridians every year
receive essential social services through projects financed by FCLF.
POLICY AND ADVOCACY
In addition to these measurable impacts, FCLF advocacy work aims to improve public policies that:
affect the operating environment in which our borrowers work,
create opportunities for increasing the capacity for nonprofit 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 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.
To read more about organizations we have financed, we invite you to Meet Our Borrowers.Our Impact report also has more information on our financing throughout Florida.