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    20 YEARS of improving Florida communities.

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    SUCCESSFUL OUTCOMES through $354 million in financing.

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    SOCIAL IMPACT reaching 340,000 Floridians every year.

Success Stories from FCLF Partners

Habitat for Humanity of Lee and Hendry Counties

Habitat for Humanity of Lee and Hendry County has provided affordable homes for 30+ years.

SCLAD, Spinal Cord Living Assistance

Spinal Cord Living Assistance Development, SCLAD, provides affordable housing and services for persons with disabilities. 

SailFuture

SailFuture provides youth in foster care with a home, an education, and opportunity to foster relationships and plan their future.

Borrowing from FCLF

Borrower Showcase 2018
Learn more about putting our expertise and capital to work to help your project succeed.

Investing in FCLF

Yellow home 2018
Learn more about investing in Florida's communities, with high impact results from economic development.

Loans made through the Community Development Fund have a direct impact on low- and moderate-income communities throughout the state of Florida. CDF Financing includes projects such as:

  • Affordable Housing (single and multifamily, for ownership or rent)
  • Supportive Housing
  • Community Facilities
  • Economic Development Projects

Florida Community Loan Fund (FCLF) offers flexible terms, which in most cases can be tailored to fit your project. In some cases, we can provide technical assistance as well, either through our staff or one of our partners.

Affordable Single Family Home Meet our Borrowers and see the impact we have across Florida

Still have questions? Scroll down and read our FAQs for FCLF Lending.

If you think your organization may be able to benefit from FCLF's CDF Financing, read more information about our Application Process or Contact Us.

 

This institution is an equal opportunity provider.

 

FAQs for FCLF Lending

What do I need to know before I apply? Non-profit and for profit organizations must meet FCLF’s mission and purpose tests. The application stops if the tests are not met.

Does FCLF take grant requests? FCLF does not issue grants, it makes loans to nonprofit organization and mission-focused for-profit entities to improve low- and moderate-income communities. From time to time there may be equity conversion available at the end of a loan term; Loan Officers will address this on a case by case basis.

Does FCLF make loans like a bank? Florida Community Loan Fund underwrites much like a bank in that it requires a complete financial picture of organization; project financial statements; and a complete understanding of all sources & uses of funds. FCLF looks for cash flow to repay its loans. However, FCLF also looks at things a bank does not - experience and reputation in the community count and social impact is important. FCLF may consider non-traditional collateral. FCLF considers more flexible loan structure. FCLF’s rates and fees are typically comparable to bank rates for similar loans.

How much can I borrow and what at what rate? The maximum loan available for a single loan is currently $3 million. (Larger loan sizes may be available for real-estate secured projects and through partnership lending.) Rates are fixed and range from 4.25% to 5.75%. Lower interest rates may be available for projects built to a certified green standard.

Do you require collateral? What collateral is acceptable? Collateral is required. FCLF does not make unsecured loans. Most projects financed by FCLF Fund have real estate as collateral. Loan-to-value (LTV) will vary based on collateral type, but is typically in the 70% to 85% range.

How long does a loan approval take? The answer is highly variable depending on a number of factors. The FCLF Lending Committee generally meets monthly to review loan applications. However, the decision to bring a loan request to our Lending Committee rests with the Loan Officers and may require that the Borrower submit additional or revised information. This can sometimes cause delays in the approval process. The number of applications in process may also affect timing. For more information, click here and read about the Application Process.

What are the next steps if my application is approved? Once a loan is approved, a commitment letter is usually issued within 2-3 days. Simple closings can be done within 2 weeks after receipt of a signed commitment letter. Complex closings usually take longer, especially if attorneys are needed.

What is the purpose of the Commitment Letter? To outline the terms and conditions under which the Florida Community Loan Fund will lend and to create a checklist for closing the loan.

"Our relationship with FCLF provides the capital to achieve long-lasting impact." – Terri Murray, Exec Dir

Neighborhood Renaissance

"We are delighted to partner with you to serve those most in need in our communities." – Eileen S. Coogan, President & CEO

Allegany Franciscan Ministries

"Thanks to FCLF, we are one step closer to providing a permanent housing solution for veterans and others seeking quality housing at an affordable price." – Carrie Davis, Executive Director

Wealth Watchers

"FCLF has proven its community impact and hard work. We are proud to partner with FCLF." – Leslie Watson, Analyst, Community Investments

Dignity 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

“We cannot thank FCLF enough for this partnership, creating permanent housing for our neighbors in need, and their commitment to Florida communities.” – Shannon Nazworth, President & CEO

Ability Housing

“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

"We appreciate the accomplishments your organization attains." - Robert Sucher, Executive VP

Sabadell United Bank

"Aida Palms will be a lasting asset to the City of Lakeland. This revitalization wouldn't be possible without financing partners like FCLF." – Mitchell Rosenstein, Principal, Green Mills Group

Aida Palms

“The partnership with FCLF is very exciting for us – an essential component in providing greater access to fresh healthy food in downtown New Port Richey.” – Jeff Wright, Owner

Wright's Natural Market

"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

"I appreciate FCLF for lending in rural areas, where many other lenders are exiting. From the first moment we spoke with FCLF staff, we felt we had a partner." – Jamie Kerr, President, AMCS Dev.

Griffin Heights

"FCLF demonstrates a mission-oriented philosophy that is compatible and supportive, broadens our platform and deepens our portfolio of products and services." – Kent Adcock, CEO

Habitat for Humanity of Lake-Sumter

"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.

"Our partnership with FCLF allows us to build an attractive, state of the art facility that patients, staff, and community will be proud of." – Bakari Burns, President-CEO

Orange Blossom Family Health

"Our partnership with FCLF helps the American Dream of homeownership come true." – Michael Roberts, Exec Dir

R.E.A.C.H.

"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

"Cade Museum is proud to be partners with FCLF and JPMorgan Chase. Thanks to the NMTC Program, we will provide a transformative asset to our community." – Jennifer Denault, COO

Cade Museum for Creativity & Inventi…

"FCLF made it possible for us to provide many special needs and low-income students with the educational services that they need." – Charlotte Tollefson, Director & Founder

Woodlawn Community Academy

"We look forward to continuing our successful relationship with FCLF and working together to meet the needs of our communities." – Nancy Merolla, VP/CRA Officer

Florida Community Bank

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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.