Metropolitan Ministries Miracle Place

metromin-aerial-dec2012-300x200WEST REGION
TOTAL PROJECT: $19.7 million
FCLF NMTC ALLOCATION: $10 million
QLICI: $10 million
93,000 Square Foot Complex
125 Temporary Construction Jobs
24 New or Retained Permanent Jobs

 

 

Metropolitan Ministries was formed in 1972, when 13 Tampa area churches - representing Presbyterian, Methodist, Lutheran, Baptist, and Catholic denominations - came together to create a single organization that would increase efficiency, eliminate duplication of services, and meet the growing needs of the homeless. According to the National Alliance to End Homelessness, the Tampa Bay area has the highest rate of homelessness in the nation: nearly 18,000 on any given night, and an estimated 4,000 of these are children.

Metropolitan Ministries has redeveloped a vacant site and expanded services on a new 4-acre human services campus. The new campus, named “MiraclePlace,” utilized financing through the NMTC program to construct 93,000 square feet of new and renovated space that will offer education, rehabilitation, family counseling, child care, food service facilities, and emergency shelter. These buildings will also be the site of a unique K-5 elementary school, as part of the Hillsborough County Public School system, offering small class sizes and additional social services for up to 136 at-risk low-income children. All programs and services are designed to move homeless families toward greater self-sufficiency.

metromin-site-rendering-300x200“MiraclePlace” campus, opened in Summer 2013, is located north of downtown Tampa and borders a designated community redevelopment area. NMTC financing is enabling Metropolitan Ministries to launch this major $19.7 million project. Upon completion, Miracle Place estimates it will annually serve more than 20,000.

The Florida Community Loan Fund (FCLF) provided $10 million in federal NMTC allocation for the “Miracle Place” project, alongside an additional $6 million federal NMTC credits from Whitney New Markets Fund. State NMTCs were also provided by Enhanced Community Development. The investor in the project is JPMorgan Chase.

INVESTOR: JPMorgan Chase
ADDITIONAL NMTCs: Whitney New Markets Fund
STATE NMTCs: Enhanced Community Development, LLC

metromin-logo-220x250www.metromin.org

Read more about FCLF and Metropolitan Ministries in this success story.
To view more photos, visit our Flickr page for Metropolitan Ministries.

In October 2013, MiraclePlace received an Operating Business of the Year Award from Novogradac & Company, LLC. Click here to view a video about this award.

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

JPMorgan Chase Foundation

"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

"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

"FCLF made it possible for us to provide many special needs and low-income students with the educational services that they need." – Charlotte Tollefson, Director & Founder

Woodlawn Community Academy

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

Allegany Franciscan 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.

BankUnited

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BAND

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

Sister Mary Heyser, RSHM

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

BBVA Compass

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

Dignity Health

"We couldn’t have pulled this project together without FCLF as partners. This is the start of great work in Jacksonville’s historic Springfield district." – Kevin Gay, Exec. Director

Operation New Hope

"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'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

"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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Trinity Health

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The Transition House, 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

"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.

"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 Videos

View video testimonials from FCLF partners.
  • 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
  • FCLF and CFHC: Building Blocks for Low Income Healthcare
  • FCLF, Reflecting on the Past, Shaping the Future
  • FCLF, Planning for Florida's Future: CASA St. Petersburg
  • FCLF, Planning for Florida's Future: Housing Programs, Inc., Miami
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