FCLF has received CDFI Fund Awards totaling $2.6 million that will support economic growth in Florida.

FCLF Announces CDFI Fund Awards

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FLORIDA COMMUNITY LOAN FUND AWARDED $2.6 MILLION FROM CDFI FUND
Supporting Investment in Economic Growth
in Florida’s Low-Income Communities
 
Florida Community Loan Fund, a statewide lending institution focused on creating high impact in Florida communities, has received $2.6 million in awards from the U.S. Department of the Treasury Community Development Financial Institution (CDFI) Fund. The financial awards will allow FCLF to continue to lead capital into Florida communities that are outside of the economic mainstream by providing flexible financing and staff expertise.
 
Florida Community Loan Fund’s award, the largest combined amount to a Florida organization, is one of 302 totaling $202.2 million to CDFIs nationwide. FCLF is one of only 5 organizations to receive awards in all 3 available categories:


• $700,000 Financial Assistance (FA) award will allow FCLF to move forward with strategic investments in peer CDFI organizations in Florida.
• $1.5 million Healthy Food Financing Initiative (HFFI) award will expand the focus on availability of fresh, healthy foods for all Floridians, through retail, wholesale distribution outlets, and farmers’ markets.
• 
$400,000 Disability Funding award will provide financing for development of housing and facilities that benefit individuals with disabilities.

 
“These awards from the CDFI fund show continued confidence in Florida Community Loan Fund – our execution of lending programs and our outstanding performance creating high social impact,” said FCLF CEO Ignacio Esteban.
 
“The FY 2018 CDFI Program and NACA Program awardees will provide vital financial services and lending to low-income communities nationwide,” said CDFI Fund Director Annie Donovan.
 
Since inception, Florida Community Loan Fund has received 14 FA, 3 HFFI, and 1 Disability Funding CDFI awards. FCLF has financed $353 million through 328 loans, delivering over $980 million in new investments in low-income communities by combining these CDFI award proceeds with capital from financial institutions, religious organizations, foundations, and other sources.
 
For more information on the 2018 CDFI Fund Awards, visit
www.cdfifund.gov or view the full CDFI Program Award Book.

FCLF CDFI Award 2018

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, FCLF has  helped over 175 organizations in Florida achieve success in their projects and missions. FCLF is nationally recognized for its work as a certified CDFI and CDE through the U.S. Dept. of Treasury and as a member of the Federal Home Loan Bank of Atlanta.  www.FCLF.org.

Expertise and Capital