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 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

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Sabadell United Bank

"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

“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

"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 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


“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

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

Sister Mary Heyser, RSHM

"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

“Expanding our facility with NMTC financing provides the Overtown community resources necessary to provide a fighting chance to break down barriers and break the cycles of poverty.” – Tina Brown, CEO

Overtown Youth Center

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

BBVA Compass

“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

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

Residential Options of Florida

“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

“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

"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.


“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

“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

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

Neighborhood Renaissance

"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

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TD Charitable 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.