News and Highlights
October 30, 2023
Recent Closing Highlight: Treasure Coast Food Bank
We are excited to announce a recent closing and major expansion project for Treasure Coast Food Bank (TCFB), a not-for-profit 501(c)(3) organization established in 1993. TCFB is affiliated with Feeding America, one of the largest national food bank and non-profit food distribution organizations in the United States. This project represents a significant milestone in TCFB's mission to combat hunger and food insecurity in the Treasure Coast region.
TCFB is headquartered in Fort Pierce and serves a 4-county area, which includes St. Lucie, Indian River, Martin, and Okeechobee counties. As a vital resource for the community, TCFB plays a crucial role in providing essential food assistance to those in need. The expansion project will allow TCFB to better fulfill its mission by increasing its capacity and efficiency in food distribution.
Key Project Details:
Bond Issuance: This project involves a private placement bond issuance of $22 million.
Expansion: The project will facilitate a significant expansion of TCFB's food distribution facilities.
Impact: The expanded facilities will have a far-reaching impact on the community, enabling TCFB to provide more food to individuals and families in need.
Job Growth: The project is expected to create approximately 50 new jobs. These jobs will not only contribute to the local economy but also play a vital role in expanding the organization's ability to serve the community.
Community Benefits: As a result of this project, TCFB will be better equipped to serve its 4-county service area, ensuring that more individuals and families have access to nutritious food and vital resources.
July 27, 2023
Hotel Conversion to Workforce Housing using $13.8M in Commercial PACE Financing
The FDFC worked with PACE Loan Group on their most recent Florida transaction, a Hotel Conversion to Workforce Housing located in Osceola County in the amount of $13.8M.
Click here to learn more about this transaction: https://hubs.li/Q01Z6SbS0
February 24, 2023
City of Jacksonville and Duval County now active communities for C-PACE Financing
After two years of working with the City of Jacksonville and Duval County we are excited to announce that C-PACE Financing is now available for Commercial property owners within the boundaries of Duval County!
October 5, 2022
FDFC Closes Fleet Landing Retirement Community with Naval Continuing Care Retirement Foundation.
The FDFC closes a new Continuing Care Retirement Community Project in Atlatnic Beach, FL with the Naval Continuing Care Retirement Foundation. Learn more about Fleet Landing here.
October 31, 2019
CDFA Announces Winners of the CDFA Excellence in Development Finance Award
The Council of Development Finance Agencies (CDFA) Announces the 2019 Winners of the CDFA Excellence in Development Finance Award and names the Florida Development Finance Corporation (FDFC) as the Winner of the Distinguished Development Finance State Agency. Read more here.