Florida Community Loan Fund has finalized the closing on New Markets Tax Credit (NMTC) financing for the YMCA of South Florida. FCLF provided $17 million in NMTC allocation for the new LA Lee / Mizell Community Center in Fort Lauderdale. Replacing an aging building that had increasing repair expenses and no room for expansion, the…
Affordable housing advocates are pleased to hear Governor Ron DeSantis is proposing to dedicate all of the William E. Sadowski Affordable Housing Trust Fund to affordable housing in his budget proposal. Over the years, state lawmakers have tapped into housing funds created to provide revenue for affordable and workforce housing and reallocated millions of dollars…
Canal Street is a great street in the great downtown area in New Smyrna Beach. In 1980, as the area was experiencing a lot of change, population was about 12,000 and growing. They were making four lanes out of State Road 44 and the Burger Chef at U.S. 1 and West Canal Street had just…
State housing advocates on Tuesday gathered in Tallahassee to call on the Florida Legislature to use all state and local housing trust fund monies for affordable housing. The Sadowski Coalition is made up of 32 statewide organizations, including industry and business groups. Jaimie Ross, president of the Florida Housing Coalition, said that for more than a decade, lawmakers have tapped…
