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

"FCLF understood our context, embraced the project vision, and were willing to make an investment that others deemed as too risky." – Lynn Brockwell-Carey, Executive Director

Neighbor Up Brevard

"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 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.

"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

"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

"Trinity Health is happy to partner with FCLF. We look forward to seeing the impact in the communities you serve." – Sr. Kathleen Coll, SSJ, Administrator, Shareholder Advocacy

Trinity Health

"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

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

Sabadell United Bank

"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

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

Sister Mary Heyser, RSHM

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

Metropolitan Ministries

“The collaboration with FCLF and using NMTC financing allows us to bring the most ambitious projects to life to benefit the communities we serve.” – Elodie Dorso, President & CEO

Community Health Centers of Pinellas

"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

"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…

“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

"Without the FCLF initial loan to purchase land, we might not have been able to move forward with farmworker housing." – Peter Routsis-Arroyo, CEO, Catholic Charities, Diocese of Venice

Casa San Juan Bosco

“FCLF is much more than a financing entity; they are the ultimate partner. They are on the front line protecting and building resources for the most vulnerable in our community."– Seth Eisenberg

Purpose Built Families Foundation

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.