FCLF has plans to address the need for affordable rental housing in Florida, with the help of our supporting and borrowing partners.

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FCLF E-Newsletter

In Florida, the lack of affordable rental housing has reached crisis levels. A recent Rental Market Study from the Shimberg Center for Housing Studies highlights:

 A 35% increase in renters who are low-income and cost burdened from 2005-2015, or 560,713 additional renter households.
 Since 2000, only 15% of Florida new rental housing units were considered affordable.
 69% of Florida low-income renters are cost burdened, spending 40% or more of their income on housing.

The need appears overwhelming, but at FCLF we have plans to address this crisis as we work together with others who are dedicated to building strong communities in Florida. Read on to learn more about our partner organizations.
To learn more about the Shimberg Center for Housing Studies at the University of Florida, click here or on the image at right.

Shimberg Center for Housing Studies


How Can We Help?
At Florida Community Loan Fund, we partner with community development organizations to increase the inventory of affordable housing available to families in need. We have financed more than 4,600 affordable homes statewide, both for rent and for sale, but we know there is more work to be done. Through collaborative partnerships such as these featured below, we strive to provide affordable housing in every community in Florida.

FCLF NJCC and JPMorgan Chase

JPMorgan Chase PRO Neighborhoods.
Florida Community Loan Fund and New Jersey Community Capital were recently selected to receive $5 million through JPMorgan Chase Foundation’s PRO Neighborhoods program. FCLF and NJCC will use the award to provide innovative and long-term financing to nonprofits developing affordable rental housing.
 
Thanks to JPMorgan Chase Foundation for their commitment to  affordable housing for Central Florida communities.
Learn more on the FCLF website about FCLF, NJCC, and JPMorgan Chase.

FCLF 2017 CDFI Award

U.S. Treasury CDFI Fund Award.
Florida Community Loan Fund was awarded $1.8 million from the U.S. Department of Treasury CDFI (Community Development Financial Institution) Fund. This award will help Florida communities in 2 ways:

• $1 million will be directed to our Food Access Financing program to help provide fresh, healthy foods in low-income communities.
 The remainder will finance affordable rental housing and community facilities that provide social services to low-income populations.

The CDFI Fund Award is part of FCLF’s strategy to bring long-term capital to underserved neighborhoods.
Learn more about the CDFI Award on the FCLF website.

FCLF and Operation New Hope Dozier Apts

Meet an FCLF Borrower Providing Affordable Rental Housing: Operation New Hope, Dozier Apartments. 
In Jacksonville’s historic Springfield neighborhood, Operation New Hope replaced an abandoned, unsafe motel with a 13,776 sq-ft, 2-story apartment building that provides new, safe apartments. Named for Henrietta Dozier, the city’s first female architect, and designed in collaboration with local historic and preservation councils, Dozier Apartments offers 14 affordable rental apartments to very-low, low-, and moderate income households with rent based on income. Florida Community Loan Fund provided $500,000 to support the construction of Dozier Apartments. Learn more about Dozier Apartments and Operation New Hope on the FCLF website.

Read more Borrower Success Stories and view videos about FCLF projects in Florida on our website, www.fclf.org.

Here's a recap of FCLF's Impact through 2017. Click on the image to learn more.

FCLF Our Impact 2017

FCLF provides financing and technical expertise to improve low income communities in areas such as safe, affordable housing – homeless & special needs facilities – education & healthcare facilities – commercial & retail space to encourage new local businesses – access to fresh, healthy foods. For 20+ years, we've been putting our capital and expertise to work in Florida communities. Learn more about our financing and meet the FCLF team. We look forward to continuing to build strong communities in Florida by working side by side with organizations to achieve success in their projects and missions. For more information, please visit www.fclf.org. 

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