Tzedec Community Investing

Bend the Arc - A Jewish Partnership for Justice

tzedeclogo-250w Since 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

Cumulative Financing

"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.

“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

“Thank you so very much for the exceptional services. We truly value FCLF’s contributions to furthering our mission." – Michael L. Bean, CEO

Housing Authority of Brevard County

"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

“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

“Our partnership with FCLF makes an enormous difference in overcoming the challenge of providing affordable housing." – Jo Ann Nesbitt, President/CEO

St. Jude Great Commission CDC

"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

“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

"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

"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

“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 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

“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

"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

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

Sabadell United Bank

"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

"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

Our Partners

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

FCLF staff and supporters volunteer at Million Meals event.

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

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

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

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

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

Support from Valley Bank helps FCLF build strong communities.

Support from Axiom Bank helps FCLF build strong communities.

Rep. Ander Crenshaw visited KIPP Jacksonville School

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

FCLF staff are active at statewide conferences and events.

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

DuPuis Pointe offers affordable, hurricane proof homes in Miami.

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

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

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

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

Rep. Daniel Webster visited FCLF staff.

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 representatives are ready to talk about your project success.

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

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

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

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

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

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

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

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

FCLF Staff meet and greet friends at an FLACDC event.

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

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

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

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Core Purpose FCLF exists to maximize opportunities for people and places outside of the economic mainstream.

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.