Community of Hope

CENTRAL REGION
$623,000 FCLF Financing (2 loans)
Acquisition term loan and new construction / term loan
Affordable rental housing and supportive services

“As a nonprofit affordable housing provider, Community of Hope struggles with attaining traditional bank financing; Florida Community Loan Fund made funding more affordable housing simple. The families we serve are more in their debt than we are!” – Drew Warren, Executive Director, Community of Hope

Community of Hope was founded in 2005 when church members in Brevard County came together to provide affordable and transitional housing and programs for families while they work to stay together, with a focus on families with children and ending the cycle of poverty. By 2015, COH had acquired 29 homes, providing 89 qualified residents with housing and programs including budgeting, parenting classes, goal setting, and reaching self-sufficiency. In 2020, COH housed and sheltered more families than in any prior year of its 15-year history and is now the largest provider of affordable housing to homeless families in Brevard County. Faced with a virus that caused many homeless service agencies to shut their doors or restrict their services, COH broadened its services and reached more families than ever.

With is first loan from Florida Community Loan Fund, COH purchased a 4-unit apartment building to continue their housing and services programs. COH collaborates with the Brevard County Housing Authority and the Florida Dept. of Children and Families to identify families for these homes, with a focus on families who have been approved by the courts to reunite but lack adequate housing to do so.

A second loan from FCLF is financing construction of the first phase of Tropic Hammock, which will provide housing and on-site services for very low-income families coming out of homelessness. Phase 1 will consist of 4 units of affordable housing for rent; with plans for 9 more homes to be built as Phase 2 in the future. The land for this development was donated by the City of Titusville, and Brevard County provided HOME funds for construction. In addition to providing housing for homeless families, the project will help stabilize the neighborhood.

For more information visit www.hopeofbrevard.com

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“Thanks to FCLF adults with disabilities are living independently, fully included in their community." – Sheryl Soukup, Exec Dir

Residential Options of Florida

"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

"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

“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

"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.

“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

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

BBVA Compass

"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

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

Neighborhood Renaissance

"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

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

Sabadell United Bank

"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 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

Neighbor Up Brevard

"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

“FCLF is much more than a financing entity; they are the ultimate partner. They are on the front line protecting and building resources for the most vulnerable in our community."– Seth Eisenberg

Purpose Built Families Foundation

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

Sister Mary Heyser, RSHM

"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 will help us have significant ongoing impact in West Lakes as we help families set roots in this community.” – Camille Reynolds, Executive Director

Hannibal Square CLT

“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

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