florida community loan fund
TRANSCRIPT
The Florida Community Loan Fund (FCLF) provides flexible capital and expertise to make projects
successful and help organizations improve lives and communities. Founded in 1994, FCLF became
Florida’s first certified statewide Community Development Financial Institution (CDFI) in 1996 and
a New Markets Tax Credit allocatee since 2003. Today it is a lending institution serving both non-
profit and for-profit borrowers and developers. Investors and supporters of FCLF include financial
institutions, foundations, religious investors from various denominations, as well as federal and
state government. FCLF’s success is based on commitment to excellence, accountability to its
stakeholders, a clear focus on financial performance, and a strong commitment to achieving high
social impact results.
Florida Community Loan Fund
www.fclf.org
Success Story: Housing Programs, Inc., Miami, FL
Housing Programs is closing the gap of affordable homeownership for low-income families.
In Miami-Dade County, 41% of households are cost burdened, and nearly 20% pay over 50%
of their income for housing. Housing Programs was created in response to these economic
conditions, providing new, affordable homes for ownership – improving the future of the
community, increasing property values, and reducing crime. With a $1 million loan from FCLF,
Housing Programs is building new homes on vacant lots in Liberty City and Overtown, which were
donated by Miami-Dade County. Families interested in buying these homes are assisted with
financial and credit counseling and may be eligible for first-time homebuyer assistance programs.
Isaac Simhon, executive director for Housing Programs said, “We are grateful and proud to work
with FCLF to better serve the community by providing affordable housing.”
Financial and social impact
n $79 million in financing through 210 loans,
to projects totaling $323 million
n $145 million in NMTC allocation deployed,
to 15 projects totaling $412 million
n 8,200 jobs created or retained
n 3,700 housing units created
n 1.6 million square feet in 105 facilities
501 North Magnolia Avenue, Suite 100
Orlando, FL 32801–1364
P: 407.246.0846
F: 407.246.0856
Contact
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