Tzedec Community Investing

Bend the Arc - A Jewish Partnership for Justice

tzedeclogo-250wSince 2010, Tzedec Community Investing has been an investor in the Florida Community Loan Fund. Thanks to the confidence and support of socially responsible investors such as Tzedec, FCLF continues to share the vision of our borrowers to strengthen communities across Florida and help projects succeed.

To read more about Bend the Arc and Tzedec Community Investing, visit www.bendthearc.us/tzedec. Here is an excerpt from the website:


Bend the Arc is investing in an America that works for everyone. We invest in the common good and provide individuals and institutions with the opportunity to join us in this work through our Tzedec Community Investing program. Community investing is a proven strategy for decreasing poverty and expanding economic opportunity. We help people revitalize their neighborhoods through long-term investments in low-income areas that have been blighted by economic or natural disasters – sometimes by both.

Our community investing program is designed to help individuals, family foundations, synagogues and other faith-based institutions pool their money to invest in distressed communities through low-and no-interest loans. We also help people invest in Community Development Financial Institutions (CDFIs) that serve individuals, businesses and nonprofits typically neglected by mainstream banks.

Tzedec Funds

Tzedec Economic Development Fund (TEDF) is our core loan fund and makes loans and deposits in community development financial institutions (CDFIs), in seven cities and regions across the country: Baltimore, Boston, South Florida, the Gulf Coast, Los Angeles, Philadelphia, and Washington, DC. TEDF Notes are offered in states where they are authorized for a term of three, five or seven years, paying investors 0% (in the tradition of Hebrew Free Loan Societies) or 1% interest.

Tzedec Community Ventures, LLC (TCV) is Bend the Arc's place-based, high-impact and high-visibility loan fund. TCV currently has $1.2 million invested in a long-term community development initiative in the Oliver neighborhood in East Baltimore that will create more than 450 units of new and renovated affordable housing over the next 10 years.

Components of Capital

FCLF Components of Capital 2018 06 30 250w

Cumulative Financing

FCLF Cum Financing 2018 250w

“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

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

Neighborhood Renaissance

“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

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

Sister Mary Heyser, RSHM

"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

"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 partnership with FCLF helps the American Dream of homeownership come true." – Michael Roberts, Exec Dir

R.E.A.C.H.

"FCLF made it possible for us to provide many special needs and low-income students with the educational services that they need." – Charlotte Tollefson, Director & Founder

Woodlawn Community Academy

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

Sabadell United Bank

"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 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

"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.

"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

"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

"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

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

JPMorgan Chase Foundation

"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 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

Our Partners

TD Bank Charitable Foundation
Support from TD Bank Charitable Foundation helps FCLF build strong communities.
Casa San Juan Bosco and FCLF
Catholic Charities, Diocese of Venice, financed the land for farmworker rental housing with FCLF.
Axiom Bank
Support from Axiom Bank helps FCLF build strong communities.
DuPuis Pointe Miami
DuPuis Pointe offers affordable, hurricane proof homes in Miami.
KIPP Jacksonville
Rep. Ander Crenshaw visited KIPP Jacksonville School
Million Meals 2012
FCLF staff and supporters volunteer at Million Meals event.
FCLF and Rep. Webster
Rep. Daniel Webster visited FCLF staff.
Boys & Girls Clubs of Manatee
FCLF staff and US Legislative staff at an event honoring Youth of the Year.
FCLF Board and Staff
FCLF Board Members represent our investors, borrowers, and technical experts.
Neighbor Up, Affordable Housing
Neighbor Up, formerly BNDC, offers affordable housing in Brevard County.
TD Charitable Foundation, TD Bank
TD Charitable Foundation and TD Bank have supported FCLF's mission since 2006.
Northern Trust Roundtable
FCLF supporter, the Northern Trust Company, hosted a housing roundtable in Sarasota.
FCLF at Florida Housing Conference
FCLF staff are active at statewide conferences and events.
Neighbor Up and FCLF
FCLF Chief Lending Officer visits with the Executive Director of Neighbor Up (formerly BNDC)
FCLF at Florida Housing Conference
FCLF Staff are on hand at conferences and events to discuss our programs.
FLACDC Conference
FCLF Staff meet and greet friends at an FLACDC event.
MTZ Carver Construction
FCLF projects create jobs and stimulate development in low-income communities.
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.
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.
ASPIRA of Florida Aspirantes
ASPIRA of Florida offers education & mentoring with a focus on low-income and Latino students.
Armature Works
FCLF and the NMTC Program renovated a historic building into a small business incubaor.
Metro Min Grand Opening
FCLF staff with local supporters at Metropolitan Ministries Tampa.
Greater Heights Resident
FCLF Financing to Neighbor Up Brevard helps provide affordable rental housing.
Mathis Place Resident
Residents at Neighborhood Renaissance's Mathis Place enjoy affordable rent.
Emma Jewel Charter Academy
Nutritious snacks are a part of the healthy focused curriculum at Emma Jewel Charter Academy.
Valley Bank
Support from Valley Bank helps FCLF build strong communities.
Emma Jewel Academy and FCLF
Emma Jewel Charter Academy offers education for the whole child in Brevard County.
RCRI Conference 2012
The RCRI Conference allows FCLF staff to touch base with our religious supporters.
Housing Programs, Inc.
FCLF financing to Housing Programs, Inc. helps provide affordable homes for ownership.
BNDC Greater Heights
Greater Heights offers new, safe, affordable rental homes in what was formerly a high crime area.
Haley Park Construction
FCLF projects create jobs and stimulate development in low-income communities.
Boys & Girls Clubs of Manatee
FCLF and NMTC are creating a new facility for the Boys & Girls Clubs of Manatee County
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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.