Homes of Davenport

Homes of Davenport, affordable housingCENTRAL FLORIDA
$300,000 FCLF loan
Revolving line of credit
8 single family affordable homes for ownership

"FCLF shares my goal of providing low-income housing in Polk County. FCLF staff members were helpful, easy to contact, quick with information, and willing to listen to my concerns and needs… refreshing to say the least! My customized loan from FCLF affords flexibility and increases my opportunities to invest in underserved neighborhoods.” – Bob Karan, Owner, Homes of Davenport

In east Polk County, Florida, as in so many Florida communities, there is a real need for affordable housing. Polk County has a disproportionately high number of low- and middle-income households in comparison to Florida and the nation. The average household income in Polk County in 2014 was $55,827; compared to $65,254 average for the state of Florida.

Homes of Davenport wants to improve the quality of life in east Polk County neighborhoods, and one way to achieve this goal is by building new, affordable homes available for ownership to low-income families. The HOD organization buys vacant lots scattered throughout the community and, with financing from FCLF, will build single family homes in areas in and around Davenport, Haines City, Lake Alfred, Winter Haven, and Lake Wales. By building simple, affordable homes in the 850 to 1100 square-foot range, Homes of Davenport can keep building costs low, passing savings on to home buyers. The average HOD home selling price will be 70% to 85% of the current price of comparable homes in the area.

Florida Community Loan Fund provided a line of credit for Homes of Davenport, which will help HOD build strong communities with up to 8 new houses. The line of credit financing will allow HOD to purchase lots, build a home, sell the home; and then draw financing to repeat the process. The number of homes could be increased in the future as homes are sold to low-income families and more lots become available.

HOD construction 00813Pictured above: A new, affordable home under construction Homes of Davenport. Right, another new, affordable home will soon be built on this vacant lot.

Bob Karan, Owner of Homes of Davenport, talks about his experience with Florida Community Loan Fund:

I was quite surprised and pleased to come across a lender that shared my goals for providing low income housing in Polk County. FCLF partnered with me to create a customized loan package that affords flexibility in terms and the ability to use funds for rentals, repairs, or resales. This increases my opportunities for investing in underserved neighborhoods.

The FCLF representatives assigned to work with me were all extremely helpful, easy to contact, quick with information, and willing to listen to my concerns and needs. This is unlike most businesses that I deal with every day and refreshing to say the least! Optimism is contagious and they help to get it started for many people. Thank you.

My properties are infill lots in existing low income neighborhoods. As I meet the neighbors that live on the same street, I see a tremendous interest in these new houses being built. Existing residents enjoy seeing improvements and often begin to clean up their yards and paint walls. I am focused on one small section of town with hopes that the impact will multiply. The new houses are a good fit in size and cost, and will change how residents live in their community. I am looking forward to a long relationship with FCLF and am very excited about doing larger projects in the future.

Learn more at 

“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

"Thanks to FCLF, we are one step closer to providing a permanent housing solution for veterans and others seeking quality housing at an affordable price." – Carrie Davis, Executive Director

Wealth Watchers

“We cannot thank FCLF enough for this partnership, creating permanent housing for our neighbors in need, and their commitment to Florida communities.” – Shannon Nazworth, President & CEO

Ability Housing

"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

"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.

"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 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 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 to our friends at FCLF. Your staff has been patient and helpful. We'll make you proud!" – Bill Lazar, Executive Director

St. Johns Housing Partnership

“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

"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

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


"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.


"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

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

Residential Options of Florida

"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

"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…

"We commend the important work of your organization, are glad to support its efforts." – Beverly Dabney

JPMorgan Chase Foundation

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

Neighborhood Renaissance

FCLF Videos

View video testimonials from FCLF partners.
  • Florida Community Loan Fund & Evans Center, Providing Fresh Food & Healthcare in Brevard County FL
  • Florida Community Loan Fund & Ability Housing, Providing Affordable Homes to Florida's Communities
  • 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
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.