Groundbreaking for Mango Cove Affordable Apartments

17 November 2017

Neighborhood Renaissance is developing 36 apartment homes in West Palm Beach

Neighb Ren Mango GrndbrkNeighborhood Renaissance recently hosted a groundbreaking for the Mango Cove Apartments in West Palm Beach. The 36 apartments will be rented well below market rate and will be within the financial reach of low- and moderate-income essential workers such as teachers, first responders, and health workers.

In 2004 an existing apartment complex on the site was destroyed by hurricanes. Since that time the vacant site has been an eyesore to the surrounding neighborhoods. The new Mango Cove will replace the lost housing with new, energy-efficient, affordable homes that will remain affordable through a 30-year deed restriction enforced by Palm Beach County.

Florida Community Loan Fund is providing $3.8 million in financing for the Mango Cove $8.2 million project. Additional financing is provided by other public and private sources.

At the groundbreaking, Palm Beach County Mayor Paulette Burdick praised the project’s affordability, emphasizing the need for “rents that are within the financial reach of working families who struggle to pay for basic necessities such as food, healthcare, and transportation.”

Learn more about Mango Cove on the Neighborhood Renaissance website

Learn more about FCLF and Neighborhood Renaissance here

Photo courtesy of Neighborhood Renaissance. Pictured, L to R: NR Board Member Bette Anne Starke, Florida Community Loan Fund Jim Walker, Dan Liftman aide to Congressman Alcee Hastings, Wells Fargo Regional President David Williams, NR Chair Carl A. Flick, Terri Murray, PBC Director Housing & Economic Sustainability Jonathan Brown, PBC Mayor Paulette Burdick, Southeast Architectural Services Larry Kramer, Michael Pecar, NR Board Member Tim Coppage.

"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

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

Neighborhood Renaissance

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

BBVA Compass

"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

"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

"We are delighted to partner with you to serve those most in need in our communities." – Eileen S. Coogan, President & CEO

Allegany Franciscan Ministries

“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

"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

"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

"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

"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 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

"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…

"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

"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

"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.

"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 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.

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

JPMorgan Chase Foundation

Our Partners

Mathis Place Resident
Residents at Neighborhood Renaissance's Mathis Place enjoy affordable rent.
duPont Fund and FCLF
The duPont Fund used FCLF and NMTC Financing to revitalize downtown Jacksonville.
DuPuis Pointe Miami
DuPuis Pointe offers affordable, hurricane proof homes in Miami.
Emma Jewel Academy and FCLF
Emma Jewel Charter Academy offers education for the whole child in Brevard County.
Armature Works
FCLF and the NMTC Program renovated a historic building into a small business incubaor.
Million Meals 2012
FCLF staff and supporters volunteer at Million Meals event.
KIPP Jacksonville
Rep. Ander Crenshaw visited KIPP Jacksonville School
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
Haley Park Construction
FCLF projects create jobs and stimulate development in low-income communities.
Boys & Girls Clubs of Manatee
FCLF staff and US Legislative staff at an event honoring Youth of the Year.
MTZ Carver Construction
FCLF projects create jobs and stimulate development in low-income communities.
Casa San Juan Bosco and FCLF
Catholic Charities, Diocese of Venice, financed the land for farmworker rental housing with FCLF.
Neighbor Up, Affordable Housing
Neighbor Up, formerly BNDC, offers affordable housing in Brevard County.
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.
Emma Jewel Charter Academy
Nutritious snacks are a part of the healthy focused curriculum at Emma Jewel Charter Academy.
Casa San Juan Bosco and FCLF
New rental homes are available for farmworker families at Casa San Juan Bosco.
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.
Northern Trust Roundtable
FCLF supporter, the Northern Trust Company, hosted a housing roundtable in Sarasota.
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.
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.
ASPIRA of Florida and FCLF
FCLF CEO and one of our supporters visit the ASPIRA Arts Deco school.
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.
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)
Greater Heights Resident
FCLF Financing to Neighbor Up Brevard helps provide affordable rental housing.
FCLF at Florida Housing Conference
FCLF Staff are on hand at conferences and events to discuss our programs.
RCRI Conference 2012
The RCRI Conference allows FCLF staff to touch base with our religious supporters.
FLACDC Conference
FCLF Staff meet and greet friends at an FLACDC event.
Previous Next
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.