FCLF Award from CDFI Fund will Grow Lending Over Next 3 Years

23 September 2020

Award from U.S. Treasury CDFI Fund provides $825,000 for affordable housing and essential services.

Florida Community Loan Fund, a statewide nonprofit lending institution, announced it was awarded $825,750 by the U.S. Treasury Department Community Development Financial Institutions (CDFI) Fund. FCLF will use the award to help grow its lending over the next three years, delivering $74 million in new financing and providing affordable housing and essential social services in underserved Florida communities.

As a statewide CDFI, FCLF serves the third most populated state in the US, with a population of 21+ million. Of Florida households, 16 percent live in poverty, and an additional 32 percent are considered working poor. With the CDFI Fund award, FCLF continues its history of leading capital into low income, high poverty communities and delivering flexible financing that maximizes opportunities for people and places outside of the economic mainstream.

“The need for affordable housing and social services in Florida has never been greater,” said FCLF CEO Ignacio Esteban. “The CDFI Fund Award will allow us to continue to create impact in the communities that have often been overlooked and need our help the most.”

FCLF has a 25-year history of providing capital for community and economic development in Florida, creating a high social impact. To date, FCLF has delivered $470 million in financing into projects totaling $1.2 billion. Examples of FCLF’s past investments in low-income communities include:

Starting Point Behavioral Healthcare provides mental health services to 200+ area residents on a sliding-fee scale based on income.
Habitat for Humanity of Lee and Hendry Counties develops affordable homes for ownership, helping break the cycle of poverty.
Spinal Cord Living Assistance Development offers fully accessible and affordable apartment living for disabled adults and their families.

FCLF’s award is the largest of 13 awards to Florida organizations through the CDFI Fund competitive process that awarded a total of $204.1 million nationally to 397 CDFIs.

About Florida Community Loan Fund. Florida Community Loan Fund is a nonprofit, multifaceted financing entity with a 25-year history of providing flexible capital and expertise to people and places outside the economic mainstream across Florida. FCLF is nationally recognized for its work as a certified CDFI and CDE through the U.S. Dept. of Treasury and as a member of the Federal Home Loan Bank of Atlanta. www.fclf.org.

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"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

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

Sister Mary Heyser, RSHM

"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

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

Dignity Health

"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

“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

"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

“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

Overtown Youth Center

“We are proud to partner with FCLF on this project, which expands access to innovative, quality, comprehensive primary healthcare in our communities.” – Annie Neasman, President & CEO

Jessie Trice Community Health

“The collaboration with FCLF and using NMTC financing allows us to bring the most ambitious projects to life to benefit the communities we serve.” – Elodie Dorso, President & CEO

Community Health Centers of Pinellas

“FCLF provides stability for families, strengthens the region, and helps Truist fulfill our purpose to inspire and build better lives and communities." – Sandy Hostetter, Central Florida Region P

Truist

"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

“Thanks to FCLF adults with disabilities are living independently, fully included in their community." – Sheryl Soukup, Exec Dir

Residential Options of Florida

“FCLF will help us have significant ongoing impact in West Lakes as we help families set roots in this community.” – Camille Reynolds, Executive Director

Hannibal Square CLT

"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

"Without the FCLF initial loan to purchase land, we might not have been able to move forward with farmworker housing." – Peter Routsis-Arroyo, CEO, Catholic Charities, Diocese of Venice

Casa San Juan Bosco

“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

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

JPMorgan Chase Foundation

"Thank you to our friends at FCLF. Your staff has been patient and helpful. We'll make you proud!" – Bill Lazar, Executive Director

St. Johns Housing Partnership

Our Partners

Catholic Charities, Diocese of Venice, financed the land for farmworker rental housing with FCLF.

Rep. Ander Crenshaw visited KIPP Jacksonville School

Greater Heights offers new, safe, affordable rental homes in what was formerly a high crime area.

FCLF staff and US Legislative staff at an event honoring Youth of the Year.

Support from TD Bank Charitable Foundation helps FCLF build strong communities.

FCLF projects create jobs and stimulate development in low-income communities.

TD Charitable Foundation and TD Bank have supported FCLF's mission since 2006.

FCLF Staff are on hand at conferences and events to discuss our programs.

The RCRI Conference allows FCLF staff to touch base with our religious supporters.

Residents at Neighborhood Renaissance's Mathis Place enjoy affordable rent.

Support from Axiom Bank helps FCLF build strong communities.

Nutritious snacks are a part of the healthy focused curriculum at Emma Jewel Charter Academy.

FCLF staff and supporters volunteer at Million Meals event.

The duPont Fund used FCLF and NMTC Financing to revitalize downtown Jacksonville.

FCLF Chief Lending Officer visits with the Executive Director of Neighbor Up (formerly BNDC)

FCLF staff are active at statewide conferences and events.

FCLF supporter, the Northern Trust Company, hosted a housing roundtable in Sarasota.

FCLF representatives are ready to talk about your project success.

New rental homes are available for farmworker families at Casa San Juan Bosco.

DuPuis Pointe offers affordable, hurricane proof homes in Miami.

Support from Valley Bank helps FCLF build strong communities.

FCLF and the NMTC Program renovated a historic building into a small business incubaor.

FCLF Board Members represent our investors, borrowers, and technical experts.

FCLF projects create jobs and stimulate development in low-income communities.

Neighbor Up, formerly BNDC, offers affordable housing in Brevard County.

FCLF Financing to Neighbor Up Brevard helps provide affordable rental housing.

FCLF and NMTC are creating a new facility for the Boys & Girls Clubs of Manatee County

FCLF staff with Tampa's Chloe Coney at Metropolitan Ministries Tampa.

FCLF financing to Housing Programs, Inc. helps provide affordable homes for ownership.

FCLF Staff meet and greet friends at an FLACDC event.

ASPIRA of Florida offers education & mentoring with a focus on low-income and Latino students.

Emma Jewel Charter Academy offers education for the whole child in Brevard County.

FCLF CEO and one of our supporters visit the ASPIRA Arts Deco school.

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