Midtown Lofts

Midtown Lofts exteriorCENTRAL REGION
$1.25 million FCLF loan
80 multifamily rental homes

“Thank you to FCLF for the help getting Midtown Lofts stabilized and converted. This is our favorite financing team to work with, and for good reason! We’re proud of this community and will work hard to make sure the residents are too.” – Mitchell Rosenstein, Green Mills Group

According to 2020 Census data, the Lakeland-Winter Haven metropolitan area is tied for the second highest rate of growth in the nation between 2019 and 2020. Along with such rapid growth comes an extreme shortage of affordable housing and exploding rental rates.

Midtown Lofts in Lakeland will help address the shortage of affordable rental homes, with 80 new rental apartments. 90% of the units have rents based on income with affordability guidelines in place for 50 years through the LIHTC (Low-Income Housing Tax Credit) Program. The remaining 10% are available for rent at market rates. The apartments are in one 4-story building and include a mix of 1, 2, and 3-bedroom units. Amenities include energy-efficient appliances, low-flow plumbing fixtures, and on-site community space includes a playground, fitness center, game room, library, and business center with computers.

The neighborhood around Midtown Lofts is primarily residential, with convenient access to nearby commercial and retail shops. The census tract is 60% minority with a median household income of $32,974, or 65% of AMI (Area Median Income).

Florida Community Loan Fund financed $1.25 million through a term loan for Midtown Lofts. The developer, Green Mills Group, has developed and managed affordable multifamily housing since 2010. Midtown Lofts will have a high social impact in the area: in addition to providing affordable homes for low-income households, the project is expected to create at least 3 full-time permanent jobs and many more temporary construction jobs.



Midtown Lofts community room

“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

"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 is a difference maker! Their team provides solutions to bring about real change in a community." – Tim Marks, President & CEO

Metropolitan Ministries

“Thank you so very much for the exceptional services. We truly value FCLF’s contributions to furthering our mission." – Michael L. Bean, CEO

Housing Authority of Brevard County

"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

"Our partnership with FCLF allows us to build an attractive, state of the art facility that patients, staff, and community will be proud of." – Bakari Burns, President-CEO

Orange Blossom Family Health

"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 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

"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

“We are proud to partner with FCLF on this project, which expands access to innovative, quality, comprehensive primary healthcare in our communities.” – Annie Neasman, President & CEO

Jessie Trice Community Health

"Aida Palms will be a lasting asset to the City of Lakeland. This revitalization wouldn't be possible without financing partners like FCLF." – Mitchell Rosenstein, Principal, Green Mills Group

Aida Palms

“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

“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

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

Sister Mary Heyser, RSHM

"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.

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

Residential Options of Florida

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

Sabadell United Bank

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

BBVA Compass

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.