Florida Community Loan Fund | New Markets Tax Credit Coalition

Fort Meyers Collaboratory

Renovation and restoration of historic train station building offering low-cost office space to area nonprofits. 286 Temporary and 20 Permanent Jobs.

Jessie Trice Community Health System

Jessie Trice Community Health System (JTCHS), a nonprofit Federally Qualified Health Center (FQHC), has served Miami-Dade County since 1967. From its beginnings in a trailer, JTCHS has grown to own and operate 11 Comprehensive Primary Care centers including a 40 bed Women’s Residential Center for substance use, 1 university- and 40 school-based health centers. Clinical outcomes and a focus on reducing healthcare disparities rank JTCHS among the best accredited community healthcare organizations in the nation. With financing from the New Markets Tax Credit Program, Jessie Trice CHS is expanding its Miami Gardens location. The new 15,191 sq-ft facility will serve an estimated 13,400 clients – 92% low-income – with medical, dental, mental health, and pharmacy services. For uninsured or under-insured patients, discounted fees are available on a sliding fee scale.

Jesse Ball Dupont

Renovation of the building, a $23.7 million project, will create or retain 200 permanent and create 186 temporary construction jobs, all of which will earn a living wage. Upon completion in 2015, the re-named Jessie Ball duPont Center will provide increased efficiencies and savings for 12 to 18 area nonprofit organizations that will co-locate in the facility. Rent offered to these area nonprofits will be kept low, calculated just to cover operational costs of the facility.

Aspira

Florida Community Loan Fund (FCLF) used its New Markets Tax Credit (NMTC) to finance a new school facility. FCLF provided a loan for $7.4 million and the credit will allow the ASPIRA project to gain up to $1.5 million in equity at the end of seven years. NCB Capital Impact and U.S. Bancorp Community Development Corporation (USBCDC) provided the debt and equity for this transaction, with NCB as the leveraged lender for $5.8 million and U.S. Bancorp providing $1.6 million in equity.

This project will allow the school to double its enrollment from 300 to 600 students. This project is noteworthy for its financing with a unique partnership among financial services and community development institutions and the federal NMTC Program. NCB Capital Impact provided its expertise in charter school underwriting, construction management and loan servicing. Without the NMTC, the school would not have been able to afford a new building with this amount or quality of space.

CASA of St. Petersburg

CASA (Community Action Stops Abuse) will build a new 100-bed domestic violence shelter in St. Petersburg, greatly expanding its reach to individuals in need. CASA’s current facility has been in operation for more than 25 years, and with a capacity of 30 individuals the organization must turn away 1,400 people each year.

Camillus House 1

Camillus House has provided services to homeless and at-risk clients in Miami-Dade for 50 years through 12 locations. The organization is relocating to the Norwegian Cruise Line Campus of Camillus House, which will consist of 7 buildings (3 of which are funded through this NMTC project).

Boys and Girls Club of Manatee County

The Desoto Clubhouse project will replace and expand the existing 50-year old facility through construction of a new 41,200 sf facility allowing BGCM to replace its aging, high maintenance facility and meet growing demand for services. The Desoto Clubhouse focuses on providing a safe place for youth and teens after school, with the aim of significantly increasing high school graduation rates, promoting healthy lifestyles, and empowering youth to support their community.

Henderson Behavioral Health Fort Lauderdale

Construction of 32,000 sq-ft new facility, along with improvements to an existing outpatient facility, providing behavioral health services to children and adultsEstimated reach 2,400 annually.

Knowledge Is Power Program

The Knowledge Is Power Program (‘KIP’) charter schools is a national network of three, not-for-profit open enrollment charter schools with a renowned track record of preparing students from our nation’s most educationally undeserved communities for success in college and life. The overall project consisted of the redevelopment of a former greyhound racing track clubhouse into educational space for the eventual operation of three KIPP schools.