Le Lézard
Classified in: Business
Subjects: NPT, ECO

Florida Community Loan Fund Launches $365 Million Strategic Plan Investment In Florida Communities


ORLANDO, Fla., Sept. 23, 2019 /PRNewswire/ -- Florida Community Loan Fund, a statewide nonprofit creating high community impact through financing, has announced that it will invest $365 million in flexible financing as part of its 2019-2024 Strategic Plan. The FCLF Strategy will maximize opportunities for people and places outside of the economic mainstream by providing $365 million in financing by June 2024.

The strategic plan is the organization's most ambitious in its 23-year history and will guide FCLF through fiscal 2024 as follows:

"The goals and objectives of this new strategy enable us to be innovative and agile so we can continue to maximize opportunities and increase our reach and impact," said Ignacio Esteban, FCLF CEO. "As a mission focused lender, we are sharing our strategy to encourage transparency and accountability to our work."

Since inception, FCLF has financed $407 million across Florida, making possible projects totaling $1.12 billion. Borrowers have included nonprofits, mission-focused for-profit developers, housing authorities, and other impact-focused community development organizations. The new Strategy ? with its investment goal of an additional $365 million in financing ? broadens and expands access to responsible, affordable financing in Florida through new lines of business, targeted investments, and a local focus.

As a Community Development Financial Institution, FCLF has consistently provided solutions for its investors ? financial institutions, faith-based organizations, corporations, and foundations ? to lead capital into and improve low-income areas in Florida communities. The new Strategy will expand FCLF's role and identify additional opportunities to collaborate with investing partners.

Learn more at fclf.org/2019-strategic-plan.

About Florida Community Loan Fund. Florida Community Loan Fund is a nonprofit, multifaceted financing entity with a 20+ year history of providing flexible capital and expertise to people and places outside the economic mainstream across Florida. FCLF is nationally recognized for its work as a certified CDFI and CDE through the U.S. Dept. of Treasury and as a member of the Federal Home Loan Bank of Atlanta. www.fclf.org.

Media Contact: Janet de Guehery, [email protected]
Twitter: @FCLFOrg

 

SOURCE Florida Community Loan Fund (FCLF)


These press releases may also interest you

at 09:30
Connolly Brothers Inc., a construction management firm serving private commercial, industrial and institutional clients, recently completed a 52,000 square-foot design-build fit-up project for Calare Properties. The facility, located in Milford, MA,...

at 09:30
Policybazaar, India's leading online insurance marketplace, is witnessing a significant increase in non-resident Indians (NRIs) choosing term insurance from India via its platform. This surge is driven by the unparalleled ease, benefits and...

at 09:27
My Daily Leadership, a pioneering leadership development company, has announced the launch of its proprietary Leadership Assessment tool. Designed to help leaders benchmark themselves against top leaders across the globe, the assessment helps to...

at 09:20
This strategic move...

at 09:07
Olympus announced today that it has been awarded a contract for its advanced energy portfolio by Provista Inc. This new, nationwide agreement provides Provista members with negotiated pricing for Olympus® energy products, including the...

at 09:05
Popular, Inc. announced today that it expects to report its financial results for the first quarter ending March 31, 2024, before the market opens on Tuesday, April 23, 2024. Popular will hold a conference call to discuss the financial results the...



News published on and distributed by: