CENTRAL REGION
$27.6 Million Total Project
$20 Million FCLF Federal NMTC Allocation
93,492 sq ft of new construction
Substantial rehabilitation of community facility to expand programs and services to low-income populations
Estimated reach 5,000 annually
145 Temporary and 60 Permanent Jobs estimated
"It is an exciting time for Goodwill. This renovation is much more than a fresh coat of paint. It is an investment in the quality of the environments we provide for our employees and the community we have served in this neighborhood for the past 25 years. We are incredibly proud of being one of the area’s largest and best employers. We are tremendously grateful to Florida Community Loan Fund for boldly supporting us in the effort to add value to our community. It is with great partnerships and community support that allows us to continue Building Lives That Work." – Ed Durkee, President & CEO, Goodwill Industries of Central Florida
Goodwill Industries of Central Florida is dedicated to serving low-income people and providing employment opportunities and vocational services for members of the community to develop their full potential. GICF helps low-income community residents and Goodwill employees achieve personal growth by increasing economic stability through its jobs.
In operation since 1959, GICF has expanded their network to include 31 retail and service locations throughout Central Florida. One of these locations, the Goodwill South Orange Blossom Trail facility in Orlando, which offers training, education, and retail services, is functionally obsolete and is in disrepair.
With financing through Florida Community Loan Fund and the New Markets Tax Credit program, Goodwill Industries of Central Florida is undertaking a major renovation and upgrade of this important community anchor. The substantial rehabilitation of this facility will permit the organization to expand their programs, thus increasing household earnings with benefits and provide economic stability for low-income persons and other community members in need.
Upon completion, the newly rehabilitated facility will consist of 93,492 square feet, offering community & programming space, classrooms, an updated donated goods retail experience serving nearly 1.5 million residents annually, premier training facilities meeting the needs of the underserved population in a six-county area, an alternative high school, and administrative offices. Goodwill Industries of Central Florida estimates it will serve 5,000 individuals annually from the newly renovated location.
For many low-income individuals, transportation is a leading barrier to job training and traveling to a job. This project is a transit-oriented development, deliberately located to be near clients within its low-income community. Bus stops adjacent to the facility make it within easy reach for clients living outside the immediate area, providing even more area residents with an opportunity to participate in training and employment services.
Florida Community Loan Fund provided $20 million in Federal NMTCs for the Goodwill Industries of Central Florida project, with additional NMTCs provided by Truist Community Capital, LLC and Urban Development Fund, LLC. The investor is Truist Community Capital, LLC. GICF has training partnerships with the Florida Department of Education, Orange County Government, and Orange County Public Schools. This transaction was completed in February 2024.
"We’re proud to support Goodwill Industries of Central Florida’s renovation and expansion project. With the power of NMTC, the completed facility will greatly expand its important services to its clients. The proximity to public transit is a bonus, providing much needed accessibility to both local residents and the Greater Orlando area." – Nelson Black, Chief Lending Officer, Florida Community Loan Fund
Community Profile:
- Income 58% of AMI (area median income)
- 32% Poverty Rate
- Unemployment rate 11.3% (1.36x national average)
- FEMA-Designated Disaster Area, SBA HUB Zone, Medically Underserved Area / Population, USDA Food Desert
Pictured: architectural rendering of the Goodwill Industries of Central Florida facility after renovation.
