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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.

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.

 

"We consider FCLF a valued partner and strong advocates for low-income communities and families. We look forward to many more years of working together." – Jennifer Westerbeck, Vice President

US Bancorp CDC

"I recommend FCLF for attracting investment to the Florida Preservation Fund... I believe that says something about investor comfort." – Nancy Muller, Policy Director

Florida Housing Finance Corp.

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

R.E.A.C.H.

"It is really working. FCLF is really touching low-income people." – Florida Community Loan Fund Founding Board Member

Sister Mary Heyser, RSHM

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

JPMorgan Chase Foundation

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

BBVA Compass

"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

"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.

"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

"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 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 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

“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

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

Sabadell United Bank

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

Allegany Franciscan Ministries

"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

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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.