Neighborhood Renaissance Celebrates Opening of Mango Cove Apartments with Ribbon Cutting

20 April 2020

Neighborhood Renaissance Mango Cove ribbon cutting On March 5, 2020, a ribbon cutting ceremony celebrated the grand opening of Mango Cove Apartments in West Palm Beach, Florida. This 36-unit complex was developed by Neighborhood Renaissance, and provides new, affordable housing that is within the financial reach of low- and moderate-income working families.

The new development transforms this difficult to develop 8-acre parcel, which contains a lake and 2 acres of land located in the county’s Urban Redevelopment Area into an attractive residential community central to schools, transportation, employment, shopping, services and recreation facilities. Since the destruction of 40 apartments by the 2004-2005 hurricanes, the site had been an eyesore to the surrounding neighborhoods. Mango Cove replaces the lost apartments with energy-efficient 2-bedroom, 2-bath quality homes with monthly rents well below market rates. The homes will remain affordable for future generations through a 30-year deed restriction enforced by Palm Beach County.

Florida Community Loan Fund provided $4.8 million in financing for land acquisition, construction, and permanent financing. The $8.6 million project also received support from Palm Beach County, Wells Fargo, the Community Foundation for Palm Beach and Martin Counties, and TD Bank Foundation.

Florida Community Loan Fund has been a community development financing partner with Neighborhood Renaissance since 2003. Learn more about our partnership in this Success Story and in FCLF’s 2018 Annual Report (online version or PDF).

View more photos of the Mango Cove grand opening and construction progress on FCLF’s Flickr album here.

Additional information:
Mango Cove ribbon cutting announcement and media alert from Neighborhood Renaissance
WPTV News, Mango Cove Apartments: New low- and moderate-income rental units open in Palm Beach County

Neighborhood Renaissance Mango Cove exterior

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

BBVA Compass

“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

"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 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

“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

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

Dignity Health

"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.

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

JPMorgan Chase Foundation

“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

"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

"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

“Expanding our facility with NMTC financing provides the Overtown community resources necessary to provide a fighting chance to break down barriers and break the cycles of poverty.” – Tina Brown, CEO

Overtown Youth Center

"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

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

Sister Mary Heyser, RSHM

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

Metropolitan Ministries

"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

“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

"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

Our Partners

DuPuis Pointe offers affordable, hurricane proof homes in Miami.

FCLF representatives are ready to talk about your project success.

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

Support from Valley Bank helps FCLF build strong communities.

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

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

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

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

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

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

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

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

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

Rep. Daniel Webster visited FCLF staff.

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

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

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

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

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

Support from Axiom Bank helps FCLF build strong communities.

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

Rep. Ander Crenshaw visited KIPP Jacksonville School

FCLF staff are active at statewide conferences and events.

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

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

FCLF staff and supporters volunteer at Million Meals event.

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

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

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

FCLF Staff meet and greet friends at an FLACDC event.

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

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

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

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

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