2 FCLF LOANS totaling $896,000
CONSTRUCTION / TERM LOAN &
LINE OF CREDIT
10,600 Square Foot Building
50 Temporary Construction Jobs
25 Permanent Jobs
"On behalf of a grateful community, we say thank you to FCLF for taking the lead in making our dream come true." – Paul Tutwiler, Executive Director
Northwest Jacksonville Community Development Corporation (NJCDC) seeks to improve the quality of life in a way that embraces economic diversity, assists businesses eager to invest, honors area history, and creates a thriving community for families. To accomplish this mission, NJCDC sponsors projects that promote revitalization of the community through education, planning, housing rehabilitation, new construction, economic development, and advocacy. NJCDC has built and sold 50 new homes to first-time homebuyers, completed a 15-unit moderate income subdivision, and created a number of programs to enhance community pride.
With a loan from Florida Community Loan Fund (FCLF), NJCDC is building North Point Town Center, a 10,600-sf mixed-use building that will provide jobs and services in a low- to moderate-income community on the west side of Jacksonville. It replaced an overgrown vacant property with a modern LEED certified/ Earth friendly structure. As a Green certified project, the loan qualified for a reduced interest rate through FCLF. A second loan from FCLF allowed NJCDC to continue construction on the interior of the center, preparing the retail space for new community businesses.
When completed, the new space will be home to NJCDC headquarters, as well as other community and neighborhood businesses and service providers. This facility is considered the keystone of the City of Jacksonville's revitalization plan for the 29th and Chase neighborhood. Additional funding for the project comes from loans and grants from the City of Jacksonville, and from state and federal grants.
To view more photos of North Point Town Center, view our Flickr page.