FCLF & R.E.A.C.H., Helping Front-Line Medical Workers with Affordable Housing

08 September 2020

The following is a guest post from R.E.A.C.H. Learn more about FCLF and R.E.A.C.H. here.

Florida Community Loan Fund and Real Estate Education and Community Housing, Inc. (R.E.A.C.H.)
Helping front-line medical workers achieve home ownership.

At Real Estate Education and Community Housing, Inc. (R.E.A.C.H.) we are pleased to have access to financing through a line of credit from Florida Community Loan Fund (FCLF) that enables us to purchase and hold properties for first-time homebuyers offered through the National Community Stabilization Trust (NCST) and the Fannie Mae Home Program (FNMA). Having a credit line with FCLF, R.E.A.C.H. can purchase homes quickly, reducing the investor opportunity and keeping homes affordable. Investor cash is often available more quickly than first time homebuyers. Therefore, balancing the opportunity for the purchase is achieved, and this helps bring stability to the new homeowner and the community.

REACH WeekiWachi homeWeeki Wachi
R.E.A.C.H. was offered a home in Weeki Wachee, Florida, through NCST. This attractive 2000-plus square foot home needed some minor repairs and had a landscaping issue. R.E.A.C.H. purchased it with affordable homeownership and stability in view.

Not long after purchase R.E.A.C.H. received the following letter along with a contract offer from a potential buyer.

March 2020

Hello! In just a few weeks I will be graduating medical school and becoming the first physician in my family. I will be doing my four-year residency training to become an anesthesiologist.

I have absolutely fallen in love with your home and think it would be perfect for me during my time as a resident physician. This will be the first home I have ever purchased.

I have independently put myself through school and am quite fortunate there are loans available to young physicians in order to purchase a home. I ask that you please consider my offer, in part knowing that I have been a full-time student for the past ten years while studying to become a doctor.

With the COVID-19 outbreak, there ls a strong likelihood my services will be needed sooner. I am hoping to move to the area as soon as possible in order to help the elderly patient population in the area combat the virus, as it is an extremely vulnerable community. I hope to do so while living in your beautiful home.

Again, I want to compliment you on your lovely home and I promise I will take wonderful care of it as well as make some lifelong memories there.

Please stay safe and well! Very Sincerely,

This offer was made by a first responder and closed quickly under a special doctor’s program offered by Regions Bank. Olivia (last name omitted for privacy) is a first responder serving at a local hospital. As the letter reveals, she is a hard-working young lady, trained and ready to serve her community. Florida Community Loan Fund assisted R.E.A.C.H. in making this medical professional’s dream come true.

REACH StPete homeSt. Petersburg
Not long after this transaction, another young medical resident, Kyle (last name omitted for privacy), moved to the area to help through the pandemic. He purchased another of the affordable homes that was offered to R.E.A.C.H.through NCST and was also financed though FCLF.

This home is located in St Petersburg, Florida, in a wonderful, safe area near the water and within walking distance of all shops and hotels. Again, Regions Bank offered the resident a loan for this small condo. At closing, Kyle wanted to know how he was able to buy after losing so many properties to others. R.E.A.C.H. was able to tell the story of our support through NCST, FNMA, and FCLF.

R.E.A.C.H. has been able to help these two individuals on the front lines of the medical pandemic due to the partnership with Florida Community Loan Fund. It is so important to be able to receive site control and the ability to limit the purchase to first time homebuyers – which creates stability in a neighborhood of previously foreclosed upon homes.

8409 N. Military Trail, Suite 112
Palm Beach Gardens, FL 33410

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

Sabadell United Bank

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

JPMorgan Chase Foundation

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

Sister Mary Heyser, RSHM

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

Dignity Health

"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

"When nobody else would take a chance on us, FCLF did. Woodlawn is thriving today and we will always be grateful for your part in that.." – PeterTollefson, Dean of Students

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

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

Neighborhood Renaissance

"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

"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…

"FCLF is a difference maker! Their team provides solutions to bring about real change in a community." – Tim Marks, President & CEO

Metropolitan 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 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

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

BBVA Compass

"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

"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

"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.


"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

Our Partners

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