CFHC: Central Florida Health Care

CHFC AP 300x200CENTRAL AND SOUTHWEST REGIONS
TOTAL PROJECT $8.5 million
FCLF FEDERAL NMTC ALLOCATION $8.5 million
FCLF STATE NMTC ALLOCATION $6.4 million
Federally Qualified Health Center Facilities
serving 30,000 annually
126 Permanent and 63 Temporary Jobs

 

Central Florida Health Care (CFHC) is a Federally Qualified Health Center (FQHC) that has operated for 42 years in South Central Florida. Founded to provide healthcare primarily for agricultural workers in rural Florida, the organization has expanded to serve 30,000 patients annually across 3 counties; 29% of whom are uninsured. To address the increased demand for its services in Polk and Highlands Counties, CFHC used the New Markets Tax Credit (NMTC) Program to purchase and renovate 4 locations, a total of 48,000 sq ft.

Through the NMTC structure, Florida Community Loan Fund (FCLF) assembled $8.1 million in financing for a 7-year period with interest-only payments. A large portion, over $3.6 million, will be converted into equity at the end of the 7 years, greatly reducing CFHC’s total debt on this expansion. Because of this unique financing structure, CFHC was able to expand services in 4 locations, 3 cities, and 2 counties much more rapidly over the next 3 years; ultimately serving up to 5,000 additional patients.

CFHC’s accredited health centers provide continuity of care to patients of all ages and with a myriad of needs, regardless of their ability to pay. The facilities provide a wide array of medical, dental, lab and x-ray services for rural low-income Floridians, as well as nutrition and wellness education. All services are available in English and Spanish.

CFHC is often the only healthcare provider in the city. In one of the 4 sites included in this project, Winter Haven, CFHC was the first in the city to provide healthcare for low-income residents. CFHC works closely with many partners, such as the Florida Department of Health, Veterans Administration & Services, and local County Health Departments, to address all the individual’s healthcare needs.

The total cost for the Central Florida Health Care project is $8.5 million. FCLF provided $8.5 million in Federal NMTCs and $6.4 million in Florida NMTCs. The investor is U.S. Bancorp Community Development Corporation. Whitney/Hancock Bank is an additional lender on the project. This transaction was finalized in October 2015.

COMMUNITY PROFILE:

  • Polk & Highlands Counties
  • Median Income 37%-75% of AMI (area median income)
  • Unemployment rate 2.3 times the national average
  • Poverty Rates 24%-40%

To access this information as a downloadable pdf file, click here.
For more information, visit www.cfhconline.org.

Pictured: Central Florida Health Care will renovate 4 locations simultaneously with financing through the NMTC Program.

To view morephotos of Central Florida Health Care, visit FCLF's Flickr Page.

CFHC WH 300x200  CFHC Dental 300x200  CFHC WH Mag 300x200  CFHC LW 300x200

“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

"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

"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.

"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

"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

"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

Brevard Neighborhood Development Coaliti…

"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.

"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

"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

"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 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

"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

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

Sabadell United Bank

"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.

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

Allegany Franciscan 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

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

R.E.A.C.H.

“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

FCLF Videos

View video testimonials from FCLF partners.
  • Florida Community Loan Fund and Orange Blossom Family Health, Bringing Healthcare to FL Communities
  • Florida Community Loan Fund and R.E.A.C.H. Strengthening Communities in South Florida
  • Florida Community Loan Fund helped Boys & Girls Clubs of Manatee County with New Markets Tax Credits
  • FCLF and Operation New Hope, Restoring Jacksonville’s Springfield Community
  • FCLF and SW Florida Collaboratory, Bringing Stability to a Fort Myers Neighborhood
  • FCLF and CDC of Tampa, Stability in East Tampa Neighborhoods
  • FCLF and The Transition House: Building Blocks for U.S. Veterans
  • FCLF and Wendover Housing: Building Blocks for An Aging Population
  • FCLF and CFHC: Building Blocks for Low Income Healthcare
  • FCLF, Reflecting on the Past, Shaping the Future
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.