FCLF Finances Affordable Homes through Habitat for Humanity

08 August 2012

Florida Community Loan Fund finances Affordable Homes through Habitat for Humanity

Habitat Lake-Sumter HomeHabitat for Humanity of Lake-Sumter, Florida has built homes in 19 communities throughout central Florida, and will celebrate its 200th on Veterans Day with a home for a disabled Vietnam Veteran. Over the past year, Habitat Lake-Sumter placed 16 families in safe, affordable homes. Some of the homes are new and others are renovated, and all include energy-saving features. To be eligible for a new home, families must be low-income, qualify for a Habitat affordable mortgage, attend classes in budgeting and good neighbor practices, and be willing to work on construction of their home as well as other homes. The program is also sponsored by area churches, foundations, and corporations, who pledge funds as well as volunteer hours.

With a loan from FCLF, Habitat Lake-Sumter will be able to build up to 16 new affordable homes, all of which will be built to Florida Green Building Coalition standards. The Green certification makes Habitat eligible for FCLF’s lower interest rates. The loan, in the form of a line of credit, will enable Habitat to cover construction costs for which it has pledges from corporate and other sponsors. In this way, the loan proceeds will be used over and over, as Habitat works toward helping Central Florida families realize their dream of home ownership.

FCLF is pleased to partner with Habitat for Humanity of Lake-Sumter, its first loan to a Habitat affiliate. As of June 2012, FCLF has made 169 loans to organizations throughout Florida, impacting over 15,000 low-income residents and providing over 3,000 jobs. The organization has also been a part of 8 New Markets Tax Credit (NMTC) projects, which have provided an additional 1,200 jobs and encouraged economic development in low-income neighborhoods.

We invite you to learn more about FCLF, our lending programs, borrowers and investors. For more information about the Florida Community Loan Fund, visit our website at www.fclf.org.

 


About the Florida Community Loan Fund. FCLF provides flexible capital and technical assistance, primarily to nonprofit organizations working in community development, through its three financing programs: Community Development Fund, Florida Preservation Fund, and New Markets Tax Credits. Since it began lending in 1996, FCLF has originated more than $100 million in low-cost credit to projects throughout Florida and has leveraged an additional $360 million in loans and grants from various public and private sources for those projects. FCLF has a broad range of investors including most major financial institutions operating in Florida, individuals, religious investors, national foundations and trade associations. FCLF is certified both as a Community Development Financial Institution and a Community Development Entity, and is a member of Opportunity Finance Network.

 

habitat-lake-sumter-logo-150wHabitat for Humanity of Lake-Sumter, Florida is a Christian ministry dedicated to partnering with families and the community to create simple, decent, affordable housing for people living in sub-standard and over-crowded conditions beyond their control. The organization, a subordinate of Habitat for Humanity International, was founded in 1989 in Lake County, and joined with the Sumter County affiliate in 2007. To learn more, visit www.habitat-lakesumterfl.org

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

Residential Options of Florida

"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…

"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

“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

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

Sister Mary Heyser, RSHM

"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.

“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

"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

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

JPMorgan Chase Foundation

"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.

"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

"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

"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 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

"FCLF understood our context, embraced the project vision, and were willing to make an investment that others deemed as too risky." – Lynn Brockwell-Carey, Executive Director

Brevard Neighborhood Development Coaliti…

"Without FCLF's support, we would not have been able to deliver the services our area so desperately needs. We look forward to a lifetime relationship." – Tom Griffin, CEO

The Transition House, Inc.

"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

"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

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

Neighborhood Renaissance

Our Partners

FCLF and Rep. Webster
Rep. Daniel Webster visited FCLF staff.
BNDC Greater Heights
Greater Heights offers new, safe, affordable rental homes in what was formerly a high crime area.
DuPuis Pointe Miami
DuPuis Pointe offers affordable, hurricane proof homes in Miami.
KIPP Jacksonville
Rep. Ander Crenshaw visited KIPP Jacksonville School
FCLF at Florida Housing Conference
FCLF Staff are on hand at conferences and events to discuss our programs.
Emma Jewel Charter Academy
Nutritious snacks are a part of the healthy focused curriculum at Emma Jewel Charter Academy.
Haley Park Construction
FCLF projects create jobs and stimulate development in low-income communities.
FLACDC Conference
FCLF Staff meet and greet friends at an FLACDC event.
Valley Bank
Support from Valley Bank helps FCLF build strong communities.
Boys & Girls Clubs of Manatee
FCLF and NMTC are creating a new facility for the Boys & Girls Clubs of Manatee County
TD Bank Charitable Foundation
Support from TD Bank Charitable Foundation helps FCLF build strong communities.
Northern Trust Roundtable
FCLF supporter, the Northern Trust Company, hosted a housing roundtable in Sarasota.
Emma Jewel Academy and FCLF
Emma Jewel Charter Academy offers education for the whole child in Brevard County.
MTZ Carver Construction
FCLF projects create jobs and stimulate development in low-income communities.
TD Charitable Foundation, TD Bank
TD Charitable Foundation and TD Bank have supported FCLF's mission since 2006.
Neighbor Up and FCLF
FCLF Chief Lending Officer visits with the Executive Director of Neighbor Up (formerly BNDC)
Million Meals 2012
FCLF staff and supporters volunteer at Million Meals event.
Neighbor Up, Affordable Housing
Neighbor Up, formerly BNDC, offers affordable housing in Brevard County.
duPont Fund and FCLF
The duPont Fund used FCLF and NMTC Financing to revitalize downtown Jacksonville.
FCLF and Florida Housing Coalition
FCLF representatives are ready to talk about your project success.
RCRI Conference 2012
The RCRI Conference allows FCLF staff to touch base with our religious supporters.
Casa San Juan Bosco and FCLF
Catholic Charities, Diocese of Venice, financed the land for farmworker rental housing with FCLF.
Boys & Girls Clubs of Manatee
FCLF staff and US Legislative staff at an event honoring Youth of the Year.
Greater Heights Resident
FCLF Financing to Neighbor Up Brevard helps provide affordable rental housing.
Axiom Bank
Support from Axiom Bank helps FCLF build strong communities.
Metro Min Grand Opening
FCLF staff with local supporters at Metropolitan Ministries Tampa.
FCLF at Florida Housing Conference
FCLF staff are active at statewide conferences and events.
Armature Works
FCLF and the NMTC Program renovated a historic building into a small business incubaor.
FCLF Board and Staff
FCLF Board Members represent our investors, borrowers, and technical experts.
ASPIRA of Florida and FCLF
FCLF CEO and one of our supporters visit the ASPIRA Arts Deco school.
Housing Programs, Inc.
FCLF financing to Housing Programs, Inc. helps provide affordable homes for ownership.
ASPIRA of Florida Aspirantes
ASPIRA of Florida offers education & mentoring with a focus on low-income and Latino students.
Casa San Juan Bosco and FCLF
New rental homes are available for farmworker families at Casa San Juan Bosco.
Mathis Place Resident
Residents at Neighborhood Renaissance's Mathis Place enjoy affordable rent.
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Core Purpose FCLF exists to maximize opportunities for people and places outside of the economic mainstream.
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.