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**Florida Community Loan Fund to Deploy $260M Toward Affordable Housing and Community Development by 2028**
The Florida Community Loan Fund (FCLF), a nonprofit Community Development Financial Institution (CDFI), has announced plans to deploy $260 million by 2028 to support affordable housing and community facility projects throughout Florida. This initiative is aimed at assisting low-income individuals and economically distressed communities across the state.
To accomplish this goal, FCLF will generate $125 million in new lending for real estate-related developments designed to expand housing opportunities for low-income residents. Additionally, the organization intends to close $135 million in tax credit investments, including those from the New Markets Tax Credit (NMTC) program, which will help fund vital community facilities.
FCLF recently received a $75 million NMTC allocation from the U.S. Department of Treasury’s CDFI Fund—further strengthening its capacity to support development projects. To date, FCLF has provided more NMTC financing in Florida than any other organization nationwide.
Since its inception, FCLF has provided $825 million in financing and helped leverage an additional $1.56 billion in capital from other sources. These investments have supported the creation of over 9,000 affordable housing units and 197 community facilities across the state. FCLF’s borrowers include nonprofit organizations, mission-driven for-profit developers, housing authorities, and other impact-focused community development entities.
This new funding effort underscores FCLF’s continued commitment to fostering equitable growth and expanding access to housing and essential services for Florida’s most vulnerable populations.
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