The Loan Fund makes loans exclusively in low-income communities to benefit poor and working poor households. We define those in greatest need are defined as low-income persons with incomes at or below 80% of the area median household income in both urban and rural communities.
Despite Florida's unprecedented economic expansion over most of the last decade, lack of access to affordable capital continues to create serious problems among Florida's poor.
Florida is fourth from last in the country in per capita
spending on human service needs.
On any given day over 46,000 people are homeless in Florida and this population is increasing at a rate of 15% per year.
Florida is second nationally in the percent of year-round occupied housing units lacking complete plumbing.
Over 221,000 low-income elderly household in Florida spend over 50% of their income on housing.
Low-wage, service sector jobs dramatically increase the numbers of Florida's "working poor" who do not earn "living wages" particularly in downturn economic times.
THE LOAN FUND RESPONDES TO THOSE IN GREATEST NEED WITH FINANCING FOR COMMUNITY PROJECTS THAT:
Create or retain jobs
Renovate and build affordable homes
Help small businesses get started or grow
Develop community facilities to deliver essential social
services for children and families
Increase childcare services for the poor and working poor
Your organization has provided us with much needed financial assistance in an environment of increasing competition and we highly value your existence.
Create or retain jobs
services for children and families
