Community revitalization, SOCIAL IMPACT,jobs creation... made possible
through flexible financing.
Can capital really change a community? We think so.
For over 15 years the Florida Community Loan Fund (FCLF) has directed investor capital to benefit low and moderate income communities.
Building sustainable communities by funding Borrowers' projects with Investor and Supporter funds.
SOUTHEAST REGION
FCLF LOAN: $3.3 million
ACQUISITION & REHAB LOAN
144 multi-family rental homes
49 temporary jobs
The West Palm Beach Housing Authority (WPBHA) has a mission of providing safe, decent and affordable housing to families in the City of West Palm Beach. The organization maintains 6 housing developments, providing homes for over 2,000 residents.
Springbrook Commons, built in 1994 on 8.3 acres west of I-95, consists of 144 units, all of which will continue to be available only to low-income families. The financing through FCLF will allow WPBHA to upgrade the existing apartments to current market conditions, including new flooring, remodeled kitchens, and interior painting.
This loan was made possible through the Florida Preservation Fund (FPF), a pilot program that was created in 2008 by the Florida Legislature to preserve affordable rental housing. FCLF was selected to administer the FPF to help preserve affordable multi-family rental housing.
For more information on West Palm Beach Housing Authority: www.wpbha.org
To view more photos, visit our Flickr page.
Main Office
501 N Magnolia Ave., Suite 100
Orlando, FL 32801-1364
Phone: 407.246.0846
Fax: 407.246.0856
More info at Contact Us
Also Serving the State of Florida with Offices in:
WEST FLORIDA Tampa Area
SW FLORIDA Sarasota Area
S FLORIDA Fort Lauderdale Area
NE FLORIDA Jacksonville Area
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