Housing Authority of the City of Stuart

HA CityStuart exteriorSOUTHEAST REGION
$248,000 financing, 2 FCLF loans
Term loans for acquisition
3 units of affordable rental housing

 

“FCLF Staff are excellent people to work with. Looking forward to our next acquisition!” – Maria A. Burger, CEO


The Housing Authority of the City of Stuart provides safe, affordable rental housing opportunities to low-income households, the elderly, and persons with disabilities, while promoting economic development and encouraging construction of new housing. The Authority currently works through HUD to offer affordable rental apartments. When a 2-unit duplex became available for purchase, the Housing Authority saw this as an opportunity to increase its offering of affordable rental homes to area residents. A 2nd loan from FCLF allowed the Housing Authority to purchase an additional property, increasing the supply of affordable rental housing in the area.

Florida Community Loan Fund provided financing to the Housing Authority of the City of Stuart to purchase a 2-unit residential building; one 3-bedroom and one 2-bedroom unit. The duplex is located near downtown Stuart and the US1 corridor, offering easy access to surrounding communities. The property has been under lease, and the purchase will not interrupt the lease term of current tenants.

A second loan from FCLF allowed the Housing Authority of the City of Stuart to purchase a 1-bedroom, 1400 square foot home that will be rented at affordable rates. As in the earlier loan, the tenants will be able to stay in the home.

HA CityStuart interior

 

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

Allegany Franciscan Ministries

"We look forward to continuing our successful relationship with FCLF and working together to meet the needs of our communities." – Nancy Merolla, VP/CRA Officer

Florida Community Bank

"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

“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 plays a significant role in sustaining vibrant and thriving communities. We are pleased to support your ongoing community based efforts." – Ernie Diaz, South Florida Market President

TD Charitable Foundation

"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

"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

"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

"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…

"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

"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

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

BBVA Compass

"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

"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

"FCLF has proven its community impact and hard work. We are proud to partner with FCLF." – Leslie Watson, Analyst, Community Investments

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

Neighborhood Renaissance

“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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Sabadell United Bank

"FCLF staff shares our vision and commitment to serve needy families and provide a high quality education to all children." – Thomas Cole, Founder

Emma Jewel Charter Academy

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Our Vision Opportunity and dignity exist for every person and community in Florida.
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