REACH Helps Vietnam Veteran Become a First Time Homeowner

26 February 2018

Financing from FCLF supports R.E.A.C.H.’s renovation of homes in low-income communities

REACH veteran home, before and after renovationR.E.A.C.H. – or Real Estate Education and Community Housing – works with low-income families in Southeast Florida to become homeowners. R.E.A.C.H. provides homebuyer education, foreclosure prevention counseling, and acquires and renovates homes. Florida Community Loan Fund, a statewide source of flexible financing for low-income communities, has provided financing to R.E.A.C.H. to support their home purchase and renovation programs.

R.E.A.C.H. met a 100% disabled veteran through a partner referral. This 68-year-old serviceman had never owned a home, and he hoped to live in an area of Lake Worth where his friends live and where he could walk to nearby restaurants and businesses. R.E.A.C.H. selected the property from the NCST – National Community Stabilization Trust – website for purchase with the loan program offered by Florida Community Loan Fund (FCLF) to help stabilize Florida communities.

At first look the 848 sq-ft home seemed to almost be a tear-down. The roof needed to be replaced, the floors were weak and falling in, there were no windows, and there was no remaining kitchen or bath. This wood frame home was on its last leg and on top of that had $100,000 due in municipal violations. Through the efforts of R.E.A.C.H.’s Executive Director Michael Roberts, the Mayor of Lake Worth waived $100,000 in violations upon learning of the work to be done for this veteran buyer.

R.E.A.C.H. asked the Veteran to drive by and make certain this could be his dream home. He was elated when R.E.A.C.H. purchased the dilapidated property with help from FCLF. He was introduced to the general contractor who gave him a choice in all home finishes. He was there every day to watch his home come together. In the end, he received a new roof, new impact windows where none existed and brand-new kitchen (with appliances of his choice) – a new home, top to bottom! As this is in a historical area much care had to be taken in permitting and approvals.

Now, due to the efforts and collaboration of many, this Army Veteran of the Vietnam War has joined that Historical Preservation Committee as a proud homeowner. FCLF assisted R.E.A.C.H. with funds for acquisition and for the costs of rehabilitation. The State of Florida waives property tax for 100% disabled veterans, so he has no real estate taxes to pay. With an income at 50% AMI, he lives alone in the home he helped rehabilitate.

In his own words -

“Take a qualified buyer (me), a foreclosed property, a construction team, city and State regulatory system. Now generate enough revenue to rehab a home with a current high-grade electrical and plumbing system, modern high-impact windows and a high-quality roof in a middle-class neighborhood. Deliver to the end buyer (me), satisfy cash flow to maintain a Foundation doing good things for our veterans and community; and the very important end result, I have a new home with equity. Thank you R.E.A.C.H.”

Read the press release from R.E.A.C.H. here.

Pictured: before and after photos of the Lake Worth home that helped a disabled veteran realize his dream of home ownership.

REACH vet home before 1  REACH vet home before 2 REACH vet home after 1  REACH vet home after 2

"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

"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


"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

"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

"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…

"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

"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.

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

Sabadell United Bank

"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

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

Sister Mary Heyser, RSHM

"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


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

Metropolitan Ministries

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

Allegany Franciscan Ministries

"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

"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

"Our partnership with FCLF will allow 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

"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 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

Our Partners

ASPIRA of Florida Aspirantes
ASPIRA of Florida offers education & mentoring with a focus on low-income and Latino students.
duPont Fund and FCLF
The duPont Fund used FCLF and NMTC Financing to revitalize downtown Jacksonville.
Casa San Juan Bosco and FCLF
New rental homes are available for farmworker families at Casa San Juan Bosco.
Emma Jewel Charter Academy
Nutritious snacks are a part of the healthy focused curriculum at Emma Jewel Charter Academy.
BNDC Greater Heights
Greater Heights offers new, safe, affordable rental homes in what was formerly a high crime area.
DuPuis Pointe Miami
DuPuis Pointe offers affordable, hurricane proof homes in Miami.
Casa San Juan Bosco and FCLF
Catholic Charities, Diocese of Venice, financed the land for farmworker rental housing with FCLF.
FCLF and Rep. Webster
Rep. Daniel Webster visited FCLF staff.
TD Charitable Foundation, TD Bank
TD Charitable Foundation and TD Bank have supported FCLF's mission since 2006.
Million Meals 2012
FCLF staff and supporters volunteer at Million Meals event.
FCLF Board and Staff
FCLF Board Members represent our investors, borrowers, and technical experts.
FCLF at Florida Housing Conference
FCLF staff are active at statewide conferences and events.
KIPP Jacksonville
Rep. Ander Crenshaw visited KIPP Jacksonville School
Metro Min Grand Opening
FCLF staff with local supporters at Metropolitan Ministries Tampa.
FLACDC Conference
FCLF Staff meet and greet friends at an FLACDC event.
Neighbor Up, Affordable Housing
Neighbor Up, formerly BNDC, offers affordable housing in Brevard County.
MTZ Carver Construction
FCLF projects create jobs and stimulate development in low-income communities.
Neighbor Up and FCLF
FCLF Chief Lending Officer visits with the Executive Director of Neighbor Up (formerly BNDC)
Northern Trust Roundtable
FCLF supporter, the Northern Trust Company, hosted a housing roundtable in Sarasota.
RCRI Conference 2012
The RCRI Conference allows FCLF staff to touch base with our religious supporters.
Emma Jewel Academy and FCLF
Emma Jewel Charter Academy offers education for the whole child in Brevard County.
ASPIRA of Florida and FCLF
FCLF CEO and one of our supporters visit the ASPIRA Arts Deco school.
FCLF and Florida Housing Coalition
FCLF representatives are ready to talk about your project success.
Haley Park Construction
FCLF projects create jobs and stimulate development in low-income communities.
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.