FCLF Supports $11 Million Boys & Girls Club Facility

25 June 2018

FCLF, NMTC, Boys & Girls Clubs of Manatee CountyNew Markets Tax Credit Program will finance replacement of existing clubhouse.

Orlando Florida (June 25, 2018) – Florida Community Loan Fund (FCLF), a statewide source of flexible financing for community and economic development, announced the closing of a transaction that will replace the Boys & Girls Clubs of Manatee County’s (BGCMC) worn out, obsolete 50 year-old building with a new 47,500 square-foot facility.

FCLF provided $10.5 million in New Markets Tax Credit (NMTC) allocation for the new facility, consistent with FCLF’s focus on NMTC projects that achieve high social impact, catalyze economic development, and create jobs in severely distressed census tracts. The new BGCMC clubhouse, expected to open in Summer 2019, will be a centerpiece in its West Bradenton community and provide programs for 2,400 members – 75% of whom are low income. In addition to creating 200 jobs, the project is designed to drive academic achievement, good character and citizenship, and healthy lifestyles for local children.

“Without NMTC, it could have taken years to pull together financing for this project,” said Nelson Black, FCLF Chief Lending Officer, “but the time to mentor children and youth is right now. The new Boys & Girls Club will reach thousands of children and teens every year, in their own back yard.”

Learn more about Florida Community Loan Fund and Boys & Girls Clubs of Manatee County in this video.

FCLF, NMTC, BGC Video

FCLF has participated in the NMTC Program since 2004 and been awarded a total of $316 million in NMTC allocation authority from the U.S. Department of Treasury Community Development Financial Institutions (CDFI) Fund. The NMTC Program is designed to attract capital investments into large scale, high priority, locally determined projects statewide. The investor on this project is PNC Bank and additional financing is provided by Synovus Bank.

About Florida Community Loan Fund. Florida Community Loan Fund is a nonprofit, multifaceted financing entity with a 20+ year history of providing flexible capital and expertise to low income communities 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. FCLF has financed $323 million through 300 loans in Florida, making possible over $940 million in new investments in low-income communities. For more information visit www.fclf.org or www.facebook.com/FCLFOrg

About Boys & Girls Clubs of Manatee County. Boys & Girls Clubs of Manatee County’s mission is “to enable all young people, especially those that need us most, to reach their full potential as productive, caring, responsible citizens.” In operation since 1946, Boys & Girls Clubs of Manatee County currently provides afterschool and summer programs for over 4,100 young people at six locations (2 traditional Clubs and 4 school-based Clubs). The Clubs offer a safe place to learn and grow, where young members experience both life-enhancing and character-building programs focused on academic success, healthy lifestyles, and good character and citizenship. For more information, call 761-2582 or visit www.bgcmanatee.org or www.facebook.com/BoysGirlsClubsManatee.

Read our press release here: Florida Community Loan Fund supports $11 million Boys & Girls Club Facility
Media Contacts: Janet de Guehery, This email address is being protected from spambots. You need JavaScript enabled to view it., or Lisa Junkerman, This email address is being protected from spambots. You need JavaScript enabled to view it..
Twitter: @FCLFOrg, #FCLF20

“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 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.

"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

"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

“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 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 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 appreciate how the work of FCLF primarily benefits low- to moderate-income individuals and areas and supports the needs of our community." – Maria J. Thompson, Community Development Manager

Third Federal Savings

"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…

"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

"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.

"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

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

Neighborhood Renaissance

"We couldn’t have pulled this project together without FCLF as partners. This is the start of great work in Jacksonville’s historic Springfield district." – Kevin Gay, Exec. Director

Operation New Hope

"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

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

Sister Mary Heyser, RSHM

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

Sabadell United Bank

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

JPMorgan Chase Foundation

Our Partners

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