Loan to Florida Community Loan Fund is one of the largest of its type among community foundations. ORLANDO, FL – September 22, 2009 – (RealEstateRama) — In response to the growing need for affordable rental housing, the Community Foundation for Palm Beach and Martin Counties http://www.yourcommunityfoundation.org announced today an unprecedented $4 million low-interest loan to the Florida Community Loan Fund (FCLF) http://www.fclf.org/ , a nonprofit statewide lending institution. This investment in affordable housing is one of the largest ever made nationwide by a community foundation to a Community Development Finance Institution[i]. The announcement took place at the Florida Housing Coalition’s statewide affordable housing conference in Orlando.
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