NMTC Progress Report Released for 2018

15 June 2018

The New Markets Tax Credit (NMTC) Coalition has released the 2018 NMTC Progress Report, documenting the flexibility and importance of the NMTC in meeting needs in distressed communities nationwide. This 14th annual report from the NMTC Coalition is prepared based on 2017 surveys of national Community Development Entities (CDEs) on their work delivering billions of dollars to businesses, creating jobs, and rejuvenation parts of the country that have been left behind.

Highlights of this year’s NMTC Progress Report include:

60,090 jobs created in 2017 through NMTC projects
$5.8 Billion in total project costs in 2017 financed through NMTC
18.8 Million square feet of construction or rehabilitation of facilities in low-income communities

Florida Community Loan Fund (FCLF) has been a participant in the NMTC program and a CDE since 2004. FCLF’s NMTC program has financed 21 projects to date, bringing high economic development and social impact to Florida severely distressed communities.

Highlights of FCLF’s NMTC Program to date:

$317 Million in total NMTC Allocation Awards received
$514 Million in total project costs financed
5,389 jobs through FCLF NMTC projects
1.6 Million square feet of facilities

Click here to view the full report.
Click here to read the press release from the NMTC Coalition.

Click here to learn more about Florida Community Loan Fund’s NMTC Program.

Return To Top

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

Sister Mary Heyser, RSHM

“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

"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 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

“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

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

Residential Options of Florida

“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

“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

"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

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

Neighborhood Renaissance

"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

“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

"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 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

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

Metropolitan Ministries

"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…

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

BBVA Compass

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

Dignity Health

"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

"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

Our Partners

Rep. Ander Crenshaw visited KIPP Jacksonville School

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

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

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

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

FCLF representatives are ready to talk about your project success.

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

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

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

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

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

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

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

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

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

FCLF staff and supporters volunteer at Million Meals event.

Rep. Daniel Webster visited FCLF staff.

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

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

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

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

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

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

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

DuPuis Pointe offers affordable, hurricane proof homes in Miami.

FCLF Staff meet and greet friends at an FLACDC event.

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

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

Support from Valley Bank helps FCLF build strong communities.

FCLF staff are active at statewide conferences and events.

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

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

Support from Axiom Bank helps FCLF build strong communities.

Return To Top