South Florida Community Land Trust, 350 NW 6th St

South Florida Community Land Trust in OvertownSOUTH REGION
$3.75 Million FCLF financing

Land acquisition loan
Proposed multifamily development to provide an estimated 200 units of affordable rental housing

“Overtown was divided from the rest of downtown, first by the railroad and later by major highway construction. This project gives us the opportunity to reconnect the community and rebuild the neighborhood for the residents. FCLF does more than finance deals; they make true community investments.” − Mandy Bartle, SFCLT Executive Director

Miami’s Overtown neighborhood is undergoing drastic changes, driven by its proximity to new development currently coming from the south and the east. As the neighborhood immediately north and west of downtown, it is experiencing the pressure sparked by the new Brightline train station and both market rate residential and commercial development. Additionally, significant residential development is occurring just east of the subject property that includes high-end residential developments that have historically only been developed along Miami’s Biscayne Bay. However, Overtown’s current population still consists of many lower income residents with nearly 50% of families reporting income below poverty.

With financing from Florida Community Loan Fund and equity from JP Morgan Chase’s PRO Neighborhood Program, the South Florida Community Land Trust, a nonprofit housing developer, purchased half of a block in the heart of Overtown. Once a thriving street, the site has remained vacant for the last 30 years when homes and businesses were torn down to make way for I-95, and has been isolated from the urban fabric of the community ever since. SFCLT is committed to work with the community to once again create a vibrant corridor.

SFCLT is planning a multi-story, multifamily development on the property, providing approximately 200 affordable rental apartments in Miami’s Overtown community. This census tract is 91% minority, and 49% of residents have income at or below the poverty level. As the neighborhood sees drastic change brought on my new nearby development, this project represents a significant opportunity for families in the area by providing affordable housing. Using the land trust model, units will remain permanently affordable.

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"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

"We commend the important work of your organization, are glad to support its efforts." – Beverly Dabney

JPMorgan Chase Foundation

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

Dignity Health

"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 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

“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

“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 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.

“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 provides stability for families, strengthens the region, and helps Truist fulfill our purpose to inspire and build better lives and communities." – Sandy Hostetter, Central Florida Region P


"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 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

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

Residential Options of Florida

“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

"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

"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

"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 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

"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.