Community Asset Preservation Corporation

$4.1 million FCLF financing (3 loans)
Line of credit for acquisition and rehab
57 affordable homes for home ownership or rental


After the housing bubble burst in 2008, Florida was left with record numbers of foreclosed homes, many of which eventually became vacant, lowering property values and inviting theft and vandalism. Now as the economy recovers, organizations are working to revitalize neighborhoods by buying and renovating these vacant properties. One such organization is Community Asset Preservation Corporation, CAPC.

CAPC began operating in its home state of New Jersey in 2009, with an initial purchase of 47 foreclosed homes in Essex County, renovating them for sale or rent to low- to moderate-income families. Since then, CAPC has acquired, rehabbed, and returned to use over 500 housing units. CAPC recently expanded its programs to the Tampa Bay area, and turned to Florida Community Loan Fund for financing.

With a $2 million line of credit from Florida Community Loan Fund, CAPC will purchase homes from pools of non-performing mortgage loans, perform a quality renovation, and return them to active use either as rental properties or for home ownership. CAPC is partnering with a local nonprofit, UNO Federation Community Services, to help manage the renovations, list the properties for sale, provide homeownership counseling, and manage rental properties. UNO is committed to assisting low- and medium-income families, minorities, and underserved citizens, both with jobs during the construction phase and with homes for purchase or lease.

An additional $2 million line of credit from FCLF will continue CAPC’s work to renovate single family homes and improve communities. This loan will allow CAPC to partner with Crisis Housing Solutions, purchasing and rehabbing homes in Miami-Dade, Broward, and Palm Beach Counties. The program will replicate CAPC’s work in the Tampa area, providing newly refurbished homes for sale or rent to low-income households. A 3rd loan to this partnership entity in 2018 provided for the purchase of land to continue development of affordable housing in Palm Beach County.

CAPC CouncilsCAPC is a subsidiary of New Jersey Community Capital, NJCC, a Community Development Financial Institution (CDFI) based in New Brunswick, New Jersey. CAPC has partnered with CDFIs throughout the country to return foreclosed homes back to active use and thus stabilize neighborhoods. Florida Community Loan Fund is also a CDFI, certified through the U.S. Department of Treasury’s CDFI Fund since 1996. In 2014, FCLF and NJCC were both awarded the Wells Fargo NEXT Award for Opportunity Finance.

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Pictured above and right, typical affordable homes renovated by CAPC and available for sale.

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

Sabadell United Bank

"FCLF was instrumental in making this important project a reality, bringing us one step closer to ending chronic homelessness in Miami-Dade County." – Dr. Paul A. Ahr, President & CEO

Camillus House

"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


"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.

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

Sister Mary Heyser, RSHM

“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

"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

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

BBVA Compass

"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

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Neighborhood Renaissance

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Fathers Table Foundation

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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

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Boys & Girls Clubs of Manatee County

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

Metropolitan Ministries

"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.


"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.

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View video testimonials from FCLF partners.
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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.