• Slider 1

    20 YEARS of improving Florida communities.

  • Slider 2

    SUCCESSFUL OUTCOMES through $354 million in financing.

  • Slider 3

    SOCIAL IMPACT reaching 340,000 Floridians every year.

Success Stories from FCLF Partners

Common Ground CDC

Common Ground CDC provides art instruction and activities for all ages in a Florida low-income community.

H.O.M.E.S., Inc.

H.O.M.E.S., Inc. provides single family affordable homes and helps improve neighborhoods in Broward County.

Wayne Densch Center

Wayne Densch Center, an Ability Housing project, will provide affordable housing for formerly homeless; financed in part by FCLF. 

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.

The New Markets Tax Credit (NMTC) Program was created by the Federal Government in 2000 to encourage investment and jobs creation in very low-income communities.

Florida Community Loan Fund, FCLF, has participated in the NMTC Program since 2003, and has been awarded 8 NMTC allocations from the U.S. Treasury's CDFI Fund and two awards from the State of Florida's New Markets Development Program; for a total of over $316 million in Federal allocation awards and $11 million in State awards.

At FCLF, our NMTC program focuses on projects that align with our mission of helping underserved citizens throughout the state of Florida. Financing is generally for construction or major renovation of large real estate projects. FCLF's NMTC focus is on:KIPP School Grand Opening

  • Community Facilities. From urban core facilities that provide help for homeless and domestic violence victims, to non-metro areas where healthcare for low-income residents is a real concern, community facilities that place a priority on serving low-income clients or provide dedicated services to low-income or at-risk clients are a priority for FCLF's NMTC Program. These could include facilities that provide services for homeless, domestic violence, youth/education, food access, and healthcare.
  • Community-Based or Community-Oriened Projects, which can bring indirect or intangible services to a low-income community. Examples are locally owned or regional grocery stores, nonprofit budiness incubators, and technology hubs.
  • High Impact Economic Development  or Manufacturing Projects that serve as a catalyst for other economic development, often as part of a community redevelopment master plan, and creat jobs in low-income census tracts. 

Does NMTC fit your project? Some of the characteristics of NMTC financing are:

  • Monthly payments may be lower than for similar size conventional loans as a result of interest-only payments.
  • Effective rates are often below market for commercial loans of this type.
  • Higher LTVs may result from the 2-loan structure, with the "B" loan often being treated as up-front substitute for a portion of equity required by lenders.
  • Option of equity conversion at the end of the 7-year term.

The guidelines for qualifying for financing through the NMTC Program are very specific. More information can be found on our Downloads & Resources page, or on the CDFI Website.

Meet our Borrowers through the NMTC Program and see the impact we have had in qualified distressed census tracts. 

If you have more questions or to find out if your project meets the NMTC Program guidelines, Contact Us.

This institution is an equal opportunity provider.

 

"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

"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

“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

"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

"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.

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

Sabadell United Bank

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

Neighborhood Renaissance

"FCLF was instrumental in making this important project a reality, bringing us one step closer to ending chronic homelessness in Miami-Dade County." – Dr. Paul A. Ahr, President & CEO

Camillus House

"FCLF shows a clear strategy and demonstrated evidence of addressing prevalent community needs." – J. Reymundo Ocañas, Director, Corp Responsibility

BBVA Compass

"We couldn't achieve our mission of creating strong neighborhoods without FCLF's help. Their staff is always friendly, quick to respond, and efficient." – Bonnye Deese, Executive Director

BAND

“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

"We commend the important work of your organization, are glad to support its efforts." – Beverly Dabney

JPMorgan Chase Foundation

"FCLF staff shares our vision and commitment to serve needy families and provide a high quality education to all children." – Thomas Cole, Founder

Emma Jewel Charter Academy

"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 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

"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

"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…

"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

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

Dignity 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

Tweet @FCLFOrg

November @FCLFOrg Newsletter: 2018 Annual Report • Video Success Stories from our Partners https://t.co/TjDgXcagra https://t.co/vhOG6dBWno
Orlando Approves Plans for more #affordablehousing in Parramore https://t.co/8HV9EiMrW6
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.