CENTRAL REGION
$24.86 Million Total Project
$20 Million FCLF Federal NMTC Allocation
Acquisition and substantial renovation of 2 facilities: 30,804 sq ft in Holly Hill and 39,000 sq ft in Kissimmee
503,000 reached annually
37 Temporary and 108 Permanent Jobs estimated
"We are grateful to Florida Community Loan Fund and Truist for their partnership and investment in Goodwill's mission. New Markets Tax Credits make it possible to invest in communities where the need for opportunity is greatest, but where access to capital is often limited. These projects will strengthen Goodwill's ability to serve as both an employer and a workforce development organization, creating quality jobs, expanding training opportunities, and helping more people achieve economic stability. Together, we are building the facilities and infrastructure needed to help more people build lives that work." – Ed Durkee, President & CEO, Goodwill Industries of Central Florida
With a mission of “Building Lives that Work,” Goodwill Industries of Central Florida (GICF) is one of the largest not-for-profit corporations in Central Florida dedicated to serving low-income people by providing employment opportunities, training, and job placement services for every member of the community to develop their full potential. GICF helps local residents and Goodwill employees achieve personal growth by increasing economic stability through its jobs.
Since 1959, GICF has expanded its network to include 31 retail and service locations placed strategically throughout Brevard, Lake, Orange, Osceola, Seminole, and Volusia counties. Two of these locations – Goodwill in Holly Hill (Volusia County) and Goodwill in Kissimmee (Osceola County) – are in substantial disrepair with limited training facilities.
Financing through Florida Community Loan Fund’s New Markets Tax Credit (NMTC) program will help GICF renovate larger, well-located facilities and recapture some of the funds used to acquire them. The expansion of both locations will allow GICF to serve 503,000 people annually.
Florida Community Loan Fund (FCLF) provided $20 million in Federal NMTCs for the expansions. The investor is Truist Bank. Without NMTC funding, GICF would likely have to cease providing services in these low-income, severely distressed communities. This transaction was completed in June 2026.
In Holly Hill, GICF worked with an affiliate not-for-profit corporation, GoodSource of Central Florida, Inc., to acquire an existing 30,804-sq ft building, of which 19,000 sq ft will be used for job training and quality donated goods retail operations. This location will become the primary training location for GICF in north Volusia County. In Kissimmee, GICF also worked with GoodSource to acquire a 65,000-sq ft facility, of which 39,000 sq feet will be occupied by GICF to increase its programming and retail operations. This location will become the primary training location for GICF in Osceola County. Both new locations are situated along a major bus route making transportation less of a barrier for members of the community to gain skills training and secure employment.
Together, the Holly Hill and Kissimmee projects mark FCLF’s second NMTC structure with GICF. In 2024, FCLF provided $20 million in Federal NMTCs for GICF to purchase and substantially rehabilitate a 93,492-sq ft building for programming expansion, donated goods retail, corporate offices, and training facilities for the Goodwill South Orange Blossom Trail location in Orlando, the nonprofit’s primary training facility. Construction is nearly complete, and the facility is already open and poised to serve 1.5 million residents per year.
“Florida Community Loan Fund is proud to be part of Goodwill Industries of Central Florida’s latest expansion as the organization continues to create life-changing opportunities through workforce training, employment pathways, and long-term economic stability. What makes the Holly Hill and Kissimmee projects stand out is the strategic use of NMTC financing to support those multiple transformational developments through a single transaction. With our original commitment to Goodwill’s Orlando location in 2024 and this new funding, we’ve now been a partner in a significant expansion of Goodwill’s services across its Central Florida service area.” – Nelson Black, Chief Lending Officer, Florida Community Loan Fund
Community Profile:
- Acquisition and substantial renovation of 2 new facilities to expand programming and services: 30,804 sq ft in Holly Hill and 39,000 sq ft in Kissimmee
- 503,000 reached annually
- 145 jobs created or retained
- Census tracts with income at 62% and 51% area median income (AMI), poverty rates of 28% and 37%, a FEMA Disaster Declaration Zone, a USDA Food Desert, an HRSA qualified Medically Underserved Area
