Florida Community Loan Fund

Florida Community Loan Fund (FCLF) is a mission-driven direct lender dedicated to providing capital for community development projects across Florida. As a Community Development Financial Institution (CDFI), FCLF focuses on improving low- and moderate-income communities by financing affordable housing, community facilities, and economic development initiatives for nonprofit organizations and mission-focused for-profit entities. FCLF has significantly impacted the state, having financed over $755 million, resulting in thousands of housing units, community facilities, and jobs created or retained.

FCLF distinguishes itself by its flexible underwriting approach, which, while rigorous like a traditional bank's, also prioritizes an applicant's community experience, reputation, and social impact. They are willing to consider non-traditional collateral and offer flexible loan structures to address the unique needs of development projects in underserved areas. Their financing tools include construction, rehab, term, permanent loans, and refinancing, with fixed rates and competitive terms up to 10 years and amortizations up to 30 years.

A core offering of FCLF is its expertise in the New Markets Tax Credit (NMTC) Program, through which it has secured over $511 million in allocations to spur investment and job creation in distressed census tracts. This program enables lower monthly payments and potentially higher LTVs for qualifying projects that serve low-income clients or provide social and educational services, underscoring FCLF's commitment to delivering tangible, positive results in Florida's communities.