Central Florida Health Care
CENTRAL AND SOUTHWEST FLORIDA
TOTAL PROJECT $8.5 million
FCLF FEDERAL NMTC ALLOCATION $8.5 million
FCLF STATE NMTC ALLOCATION $6.4 million
Federally Qualified Health Center Facilities
serving 30,000 annually
92 Permanent and 11 Temporary Jobs

Central Florida Health Care (CFHC) is a Federally Qualified Health Center (FQHC) that has operated for 42 years in South Central Florida. Founded to provide healthcare for primarily migrant workers in rural Florida, the organization has expanded to serve 30,000 patients annually across 3 counties; 29% of whom are uninsured. To address the increased demand for its services in Polk and Highlands Counties, CFHC will use the New Markets Tax Credit (NMTC) Program to purchase and renovate 4 locations, a total of 48,000 sq ft.

Through the NMTC structure, Florida Community Loan Fund (FCLF) is assembling $8.1 million in financing for a 7-year period with interest-only payments. A large portion, over $3.6 million, will be converted into equity at the end of the 7 years, greatly reducing CFHC’s total debt on this expansion. Because of this unique financing structure, CFHC will be able to expand services in 4 locations, 3 cities, and 2 counties much more rapidly over the next 3 years; ultimately serving up to 5,000 additional patients.
52 photos · 25 views