The Loan Fund ensures that every loan it makes contributes to community development and positive social change. Borrower stories are all about what a difference a loan can make.
AGENCY FOR COMMUNITY TREATMENT SERVICES
The Agency for Community Treatment Services (ACTS) provides specialized services and supportive affordable housing to low-income clients with chronic addiction problems. Between 1999 and 2006, ACTS has had 5 loans through FCLF (and its partners, Enterrprise Community Loan Fund) for a total of $1.7 million. These loans have gone towards acquiring and developing several supportive housing facilities for clients in the Tampa area, renovation of a facility in Bartow to a 12-bed short-term shelter and stabilization program for teens in foster care, renovation of administrative offices in Tampa to accommodate a mediations clinic and ambulatory detox center for clients not at risk of extreme withdrawal, repairs to hurricane damage of its facilities, and expansion and renovation of community facilities that provide social services and supportive housing. Click here to view more photos.
|
|
|
BETH-EL FARM WORKER MINISTRY
Beth-El Farm Worker Ministry is using two Loan Fund loans to dramatically improve conditions for rural farmworker families. The first loan of $280,755 leveraged financing from Bank of America for the construction of a day care center and the first charter school for farm worker children in the state. The second loan for $350,000 secures the mortgage on the daycare facility that will serve up to 86 migrant farmworker children. A network of Presbyterian Churches and the Loan Fund are together providing the financing to deliver these essential social services in Wimauma. Click here to view more photos of Beth-El.
|
|
|
CORPORATION TO DEVELOP COMMUNITIES OF TAMPA (CDC OF TAMPA)
CDC of Tampa is a leading community-based organization in the Tampa Bay area. Founded in 1992, this group has spent a decade providing community and economic development services to its neighborhood. College Hill, the former scene of riots, high crime and drugs, and now an Enterprise Community and Weed & Seed Area, was targeted by CDC of Tampa with job training and job placement services, creating jobs, promoting entrepreneurship, developing youth leadership, building affordable housing and commercial revitalization of the community’s abandoned business center. The Loan Fund has funded 3 loans to the organization. The first was a working capital bridge loan. The second loan helped CDC of Tampa provide funding and support to other small start-up non-profits that were developing business incubators. The third, in partnership with the City of Tampa, BankAmerica and SunTrust was to acquire and renovate an office building for its own services and for use by another non-profit that provides drug addiction counseling.
|
|
|
FLORIDA GREEN COMMUNITIES ™ INITIATIVE
FCLF and Enterprise Foundation have agreed to double their original commitment and will now supply up to $12 million in loan capital to help stimulate the development of affordable housing in Florida communities. In addition, FCLF’s financing will include special, lower-cost funding available through the Florida Green Communities ™ Initiative. The Initiative will also provide grant funding to qualified non-profits.
|
|
|
|
GREATER PALM RIVER POINT CDC
Greater Palm River Point Community Development Corporation (BPRPCDC) was established in 1996 with the purpose of preparing children for success in school in its surrounding neighborhood in unincorporated Hillsborough County. Its mission has expanded since that time, and it now deals with issues affecting quality of life, children and families, roadway improvements economic development, and family education. With a loan from FCLF in July 2008 for $688,500, the GPRPCDC will acquire and develop a parcel of land that will contain a commercial center for offices, retail space, and a community facility. The retail spaces will generate income and jobs for this community of approximately 14,000 residents of diverse ethnic, social and economic backgrounds.
|
|
|
HOOD TEMPLE CDC
With a $210,000 loan from the Loan Fund, Hood Temple CDC purchased 2 newly constructed duplexes to serve as affordable rental housing for low-income families in the neighborhood surrounding the Hood Temple AME Zion Church in Tampa.
|
|
|
HUMAN DEVELOPMENT CENTER, INC.
HDC used $480,000 from the Loan Fund to purchase a building and surrounding land including a working nursery in order to expand its supportive services to persons with both developmental disabilities and major psychiatric & behavioral disorders.
HDC serves about 50 clients at a time. All clients are very low-income individuals, who rely on government assistance and/or low-wage jobs. More importantly, these are individuals whose problems are of such a severity that they are unable to be served in other agencies. Without organizations such as HDC, these individuals are offered little help, and usually end up institutionalized, homeless or supported by aging parents.
|
|
|
948923.jpg)
PINELLAS AFFORDABLE LIVING, INC. & BOLEY CENTERS, INC.
The Loan Fund provided $760,000 for acquisition of property to create up to 43 units of modular rental homes to be utilized as very low-income rental housing and supportive transitional housing for homeless individuals and families.
|
|
|
|
QUEST, INC.
The Loan Fund provided a $119,000 loan to Quest, Inc. for acquisition and renovation of a single-family home in Tampa to be used for affordable housing and services for developmentally disabled clients.
|
|
|
SAN JOSE MISSION, CATHOLIC CHARITIES OF ST. PETERSBURG DIOCESE
The San Jose Mission was established in 1992 by Miami Archbishop John C. Favalora (then Bishop of the St. Petersburg Diocese) after viewing first-hand the inhumane living conditions at the local migrant camps. The Catholic Dioceses donated a 24-acre parcel of land and made infrastructure improvements to the land so that it could be used by eight nonprofit service agencies dedicated to providing health, education, daycare and other social services to farm worker families. Using a combination of loans from the Loan Fund, the Diocese of St. Petersburg, the Institute for Community Economics and the McAuley Institute and grants from both county and state, Catholic Charities and Catholic Charities Housing are building 92 units of low-income farm worker rental housing and a community center to improve the quality of life of those who labor in Florida's citrus, tomato and strawberry fields. Click here to view more photos of San Jose Mission.
|
|
|
ST.PETERSBURG EMPLOYMENT & ECONOMIC DEVELOPMENT CORP. (SEEDCO)
SEEDCO has borrowed twice from the Loan Fund. Currently, SEEDCO has a $35,000 loan for operating capital to support its electronics job training and placement programs for low-income residents of St. Petersburg.
|
|
|
TAMPA BAY CDC
Tampa Bay Community Development Corporation (TBCDC) is a nonprofit organization whose mission is to promote homeownership opportunities to low- and moderate-income households in the Tampa Bay area. Established in 1982, TBCDC has assisted 3,295 households to purchase homes in Hillsborough, Pasco, and Pinellas Counties. The Florida Community Loan Fund, along with other public and private funders, provided a loan of $1.7 million for Sunset Hills, a subdivision of 64 new affordable homes located in northeast Dade City. Funding from FCLF will aid pre-development costs and infrastructure improvement to the vacant land. Sunset Hills will consist of homes available for purchase to Pasco County families with incomes at less than 80% of MSA median. Homes will be built using the self-help model through Florida Home Partnership. This project will also be financed in part by Partners for the Common Good and Pasco County Government.
|
|
|
912152.jpg)
TAMPA COMMUNITY HEALTH CENTERS, INC.
Tampa Community Health Centers, Inc. (TCHC) is a community-based non-profit that has provided health care services to low-income individuals and neighborhoods in Tampa for over 18 years. In 2003, TCHC borrowed $200,000 from the Loan Fund to acquire property to relocate its administrative offices and allow it to further expand its medical health services to low-income and indigent homeless patients.In December 2004, FCLF assisted TCHC in acquiring property for further expansion. Click here to view more photos.
|
|
|
TAMPA UNITED METHODIST CENTER
FCLF has extended an $800,000 revolving Line of Credit to TUMC for acquisition, construction and rehab of single-family properties for sale to low-moderate income home buyers.
|
|
|
|
|
