FCLF Receives CDFI Fund Award

19 November 2019

The award allows FCLF to continue maximizing opportunities in Florida.

Florida Community Loan Fund, a statewide nonprofit creating high community impact through financing, has been awarded $852,000 by the U.S. Department of Treasury Community Development Financial Institutions (CDFI) Fund.

As a statewide CDFI, Florida Community Loan Fund serves the 3rd most populated state in the U.S. In Florida, 16% of all households live in poverty, 32% are considered working poor – unable to afford basic necessities – and 2.8 million residents live with a disability. FCLF recently unveiled a strategic plan that will directly impact underserved populations through deployment of $365 million in financing through 2024. The CDFI Fund Award will assist FCLF in achieving its strategic goals and help the organization strengthen Florida’s communities by leading capital into low-income areas.

“Many Floridians struggle to secure affordable housing and lack adequate access to quality social services. The CDFI Fund award allows us to continue maximizing opportunities for people and places that are outside of the economic mainstream.” – Ignacio Esteban, FCLF CEO

FCLF’s affordable and patient capital finances housing and community facilities targeting Florida’s most vulnerable. Examples of FCLF-financed high-impact projects include:

Silver Creek - 81 affordable rental apartments and retail space to stimulate economic development in Miami.
Spinal Cord Living Assistance Development - accessible, affordable apartments with supportive services in Miami.
Evans Center - a fresh food grocery, healthcare clinic, and community meeting space in Brevard County.

View the press release here.

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“Our partnership with FCLF makes an enormous difference in overcoming the challenge of providing affordable housing." – Jo Ann Nesbitt, President/CEO

St. Jude Great Commission CDC

"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

"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

"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

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

Residential Options of Florida

“FCLF is much more than a financing entity; they are the ultimate partner. They are on the front line protecting and building resources for the most vulnerable in our community."– Seth Eisenberg

Purpose Built Families 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…

"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

“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

"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

"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.

“Thank you so very much for the exceptional services. We truly value FCLF’s contributions to furthering our mission." – Michael L. Bean, CEO

Housing Authority of Brevard County

"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

Neighbor Up Brevard

“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

“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

"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

“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

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

Sabadell United Bank

Our Partners

Support from Valley Bank helps FCLF build strong communities.

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

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

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

Support from Axiom Bank helps FCLF build strong communities.

DuPuis Pointe offers affordable, hurricane proof homes in Miami.

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

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

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

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

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

FCLF staff and supporters volunteer at Million Meals event.

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

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

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

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

FCLF staff are active at statewide conferences and events.

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

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

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

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

Rep. Ander Crenshaw visited KIPP Jacksonville School

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

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

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

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

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

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

FCLF Staff meet and greet friends at an FLACDC event.

FCLF representatives are ready to talk about your project success.

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

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

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

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