Pirouette Group

Pirouette Crane Crk Lofts exteriorCENTRAL REGION
$935,000 FCLF financing (3 loans)
9,952 sq ft residential & commercial
11 affordable apartments, retail and office space

The city of Melbourne in Brevard County is known for its great beaches, proximity to aerospace and high-tech, and revitalized historic downtown district. But there is also a need for affordable housing and property improvement in area neighborhoods, some of which experience poverty rates as high as 37%.

The Pirouette Group was formed to help improve one such low-income neighborhood. Since 2001, founders Mark and Lisa Herendeen have owned and managed properties in Melbourne that are affordable to low-income individuals and families, with a focus on quality of life to create a safe environment and detour criminal behavior. At one apartment building owned by the Herendeens, there has been a 60% decrease in police calls – saving money for the City in reduced police response and arrests while providing a safe, affordable home for residents.

With financing from Florida Community Loan Fund (FCLF), the Pirouette Group purchased and will renovate 2 adjacent commercial buildings totaling 9,952 square feet: an 11-unit apartment complex, and spaces for 2 retail establishments and 4 offices. While major renovations are underway to bring the properties up to current standards, tenants will be able to move into newly remodeled apartments as they are completed.

With additional funding from the City of Melbourne’s SHIP program, this project is an example of how public-private partnerships can revitalize a low-income community.

Pictured above, the Pirouette Group apartments and retail space nearing the end of renovation. Below, the project before renovations, and construction progress, including new windows and a/c units.

Hear more about the Crane Creek Lofts project in this podcast: Fifteen Thirteen Network, Crane Creek Lofts

Pirouette before renovation   Pirouette new windows ac

Button View More

“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

"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

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

Dignity Health

“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

"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

"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

“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

“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

"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.

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

Sabadell United Bank

"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

“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

"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

“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

"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

"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

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

Residential Options of Florida

“FCLF will help us have significant ongoing impact in West Lakes as we help families set roots in this community.” – Camille Reynolds, Executive Director

Hannibal Square CLT

"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.

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.