Florida Community Loan Fund

What Florida Community Loan Fund does

Florida Community Loan Fund (FCLF) is a nonprofit 501(c)(3) Community Development Financial Institution (CDFI) and Community Development Entity (CDE), founded in 1995 and headquartered in Orlando, Florida, with additional offices in Tampa and Fort Lauderdale. The organization provides flexible financing and New Markets Tax Credit (NMTC) allocation to nonprofit organizations and mission-focused for-profit developers building affordable housing, supportive housing, community facilities (healthcare, youth services, education, food security), and economic development projects in Florida's low- and moderate-income communities.

FCLF's product platform spans construction lines of credit, rehabilitation loans, term and permanent loans (terms up to 10 years, amortizations up to 30 years, current interest rates of 7.00%-8.75%), refinancing, and Capital Magnet Fund-backed loans offering more favorable terms. The organization also delivers free Development Services through educational webinars. Capital sources include New Markets Tax Credit allocations from the U.S. Department of Treasury CDFI Fund, Capital Magnet Fund awards, Bond Guarantee Program access ($30 million in 2024), and investments from a broad coalition of Florida banks (Truist, Bank of America, JPMorgan Chase, PNC, Wells Fargo, U.S. Bank, Northern Trust, Synovus, Valley National, and many others), religious organizations, foundations, and government agencies.

Through 30 years of operation, FCLF has cumulatively financed $856 million across 9,425 housing units, 203 community facilities, and 30,792 jobs created or retained, reaching 2.73 million Floridians annually. The organization holds a 3 Star AA Policy Plus rating from the Aeris rating system and was recognized through the 2026 Novogradac QLICI of the Year award. As of 2022, FCLF managed more than $370 million in assets, and recent federal allocations ($60M in 2024, $75M in 2025) underpin a $260 million multi-year deployment plan covering 2026-2028.

Name

Florida Community Loan Fund

Legal name

Florida Community Loan Fund, Inc.

Website

https://fclf.org

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

11–50 employees

Short description

Florida Community Loan Fund is a nonprofit CDFI providing flexible financing and New Markets Tax Credit allocations to nonprofits and mission-focused developers of affordable housing, community facilities, and economic development projects in Florida's low- and moderate-income communities.

Ownership category

akta.pro rank

Product category

Community Development Finance / CDFI Lending

NAICS

Nondepository Credit Intermediation (5222)

SIC

Federal & Federally-Sponsored Credit Agencies (6111), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

Impact Investing & Social Finance (Funds, CDFIs, Microfinance) (BPAGALAA)

akta.pro secondary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Community development lending
• Affordable housing financing
• New Markets Tax Credits
• CDFI nonprofit lender
• Community facilities financing

Headquarters

HQ city

Orlando

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Loan Interest and Fees: FCLF generates revenue through interest income on loans provided to nonprofit and mission-based for-profit borrowers. Current interest rates range from 7.00% to 8.75%, with terms up to 10 years and amortizations up to 30 years. Loan types include construction lines of credit, rehab loans, term and permanent loans, and refinancing.
2. New Markets Tax Credit Program: FCLF operates as a Community Development Entity (CDE) deploying New Markets Tax Credits (NMTC) to direct investment into low-income communities. The organization has received $60 million NMTC allocation (2024), $75 million NMTC allocation (2025), and $511 million in total NMTC awards to date. NMTC financing enables FCLF to offer favorable terms to borrowers for community development projects.
3. Investment Capital from Partners: FCLF receives investment capital from financial institutions, foundations, religious organizations, and government agencies. Investors include Truist Bank ($10 million investment), Synovus ($1 million equity equivalent investment), Fifth Third Foundation ($50,000 grant), Regions Foundation ($55,000 grant), and numerous other banks and foundations. These investments fund FCLF's lending programs.
4. CDFI Fund Awards and Grants: FCLF receives awards from the U.S. Department of Treasury's Community Development Financial Institutions Fund, including Financial Support and Emergency Capital Access awards ($3.7 million in 2023, $1.1 million in 2023/2021), Capital Magnet Fund awards, and Bond Guarantee Program participation ($30 million secured in 2024).

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels8 records

Core offering

Florida Community Loan Fund is a nonprofit community development financial institution (CDFI) that provides flexible financing to nonprofit organizations and mission-based for-profit entities for affordable housing, community facilities, and economic development projects in Florida's low- and moderate-income communities. Its offerings include community development and community facilities loans (construction lines of credit, rehab loans, term and permanent loans, and refinancing) at interest rates of 7.00%-8.75% with terms up to 10 years and amortizations up to 30 years, New Markets Tax Credit (NMTC) financing, Capital Magnet Fund-backed loans, and free Development Services educational webinars.

Product overview

Florida Community Loan Fund (FCLF) is a nonprofit community development financial institution (CDFI) that operates as a unified lending platform offering multiple financing products and programs. The core offerings include Community Development Financing (for affordable housing and community facilities), the New Markets Tax Credit (NMTC) Program, and various loan types (construction lines of credit, rehab loans, term/permanent loans, and refinancing). FCLF's products are delivered through flexible loan programs with interest rates from 7.00% to 8.75%, terms up to 10 years, and amortizations up to 30 years. The organization also provides Development Services through free educational webinars. Funding is supported by Capital Magnet Fund awards and partnerships with government agencies like the U.S. Department of Treasury CDFI Fund.

Differentiator

Problem solved

Functional benefit

Products and services

• Community Development Financing Flexible financing for community development projects in Florida's low- and moderate-income neighborhoods, including single family affordable housing, multifamily affordable housing, supportive housing, and preservation of multifamily affordable rental housing. Designed for community-based nonprofits and mission-focused for-profit developers.
• Community Facilities Financing Financing for community facilities including community and family healthcare centers, youth and education services facilities, social services facilities, and projects addressing food insecurity such as food banks. Targeted at nonprofit and mission-focused organizations serving Florida's low-income communities.
• New Markets Tax Credit (NMTC) Program Federal tax credit program that incentivizes private investment in distressed communities. FCLF, as a certified CDE, deploys NMTC allocations to finance community projects in low-income areas including healthcare facilities, youth services, and economic development projects. The NMTC allocation enables favorable terms for community development borrowers who would not otherwise qualify for traditional financing.
• Construction Lines of Credit Construction financing products for developers building or rehabilitating affordable housing and community facilities in Florida. Provides short-term capital to fund construction phase of community development projects.
• Rehab Loans Rehabilitation financing for renovation and improvement of existing affordable housing and community facilities across Florida's low- and moderate-income neighborhoods.
• Term and Permanent Loans Long-term financing solutions for affordable housing and community development projects, with terms up to 10 years and amortizations up to 30 years. Current interest rates range from 7.00% to 8.75%. Designed for projects that have stabilized and need permanent capital to support continued operations in low-income communities.
• Refinancing Refinancing options available in certain cases to help borrowers improve their financial position and continue serving low-income communities. Allows existing FCLF borrowers or qualifying new borrowers to restructure their capital stack.
• Development Services Strategic guidance and education workshops to help Florida nonprofit and mission-focused organizations prepare for financing. Topics include access to capital, funding strategies, and creating high community impact. Free sessions presented in webinar format and led by professional subject leaders.
• Capital Magnet Fund (CMF) Financing Financing made possible through FCLF's Capital Magnet Fund award from the U.S. Department of Treasury CDFI Fund, allowing more favorable loan terms for affordable housing projects and reduced borrowing costs for developers serving low-income communities.

Quantifiable outcome

• $856 million in financing deployed to Florida communities
• +5 more outcomes

Named customers21 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• LISC (Local Initiatives Support Corporation): LISC is a national CDFI that provides loans, grants, and equity investments for affordable housing, community facilities, and economic development — directly comparable to FCLF's core lending model and target borrowers, though operating across many states versus FCLF's Florida-only focus.
• Enterprise Community Partners: Enterprise is one of the largest national CDFIs, financing affordable housing and community development projects using NMTC, LIHTC, and other federal programs. Highly comparable to FCLF in product mix (NMTC deployment, construction/permanent loans) and target borrower profile (nonprofits and mission-focused developers).
• Calvert Impact Capital: Calvert Impact Capital is a nonprofit community development financial institution that raises capital from individuals and institutions to finance CDFIs and mission-driven organizations. Comparable to FCLF as a CDFI operating in impact investing, though it focuses more on capital aggregation than direct project lending.
• Coastal Enterprises Inc (CEI): CEI is a Maine-based CDFI providing financing for affordable housing, community facilities, and small businesses in low-income areas. Highly comparable to FCLF as a regional CDFI using NMTC and similar federal programs to deploy community development capital.
• BlueHub Capital: BlueHub Capital is a Massachusetts-based CDFI providing loans and tax credit financing for community development, affordable housing, and facilities serving low-income communities. Closely parallels FCLF's combination of NMTC deployment, construction/permanent lending, and borrower education/development services.
• Self-Help Credit Union: Self-Help is a CDFI credit union providing responsible financing to low-income borrowers, community development, and affordable housing across the Southeast U.S. Comparable to FCLF in mission, geography (overlap in Southeast states), and CDFI status, though structured as a credit union rather than a standalone CDFI.
• Partners for the Common Good: Partners for the Common Good is a national CDFI loan fund providing financing for affordable housing, community facilities, and economic development projects — directly paralleling FCLF's lending products, target borrowers, and reliance on NMTC and CDFI Fund awards.

Others

• Opportunity Finance Network: OFN is the national membership association and intermediary for CDFIs, of which FCLF is a member. Comparable as the ecosystem body that facilitated FCLF's $173M bond guarantee program access and the Create Jobs for USA Fund — relevant as a peer organization rather than a competitor.
• National Community Reinvestment Coalition (NCRC): NCRC is a national coalition that advocates for fair lending and community reinvestment, and operates capital programs for CDFIs and community development lenders. Comparable to FCLF as an adjacent organization working to expand capital access for low-income communities, though functioning more as an advocate/intermediary than a direct lender.

Broad incumbents

• Truist Community Development Banking: Truist's Community Development Banking division provides financing for affordable housing, community facilities, and economic development projects, and is a $10M investor in FCLF. Comparable as a broad incumbent offering overlapping capabilities with FCLF, though Truist operates a much wider banking portfolio rather than specializing in CDFI lending.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/FCLFOrg
• YouTubeyoutube.com/fclforg
• Facebookfacebook.com/FCLFOrg
• LinkedInlinkedin.com/company/floridacommunityloanfund

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds7 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Florida Community Loan Fund