Synovus provides $1 million to support affordable housing in Florida

COLUMBUS, Ga., Dec. 19, 2025 – Synovus has made a $1 million equity equivalent investment in the Florida Community Loan Fund to support affordable housing options in low-income communities. 

FCLF, a statewide community development financial institution, assists nonprofits and mission-driven for-profit organizations through its core lending and New Markets Tax Credit program. 

This investment from Synovus helps FCLF offer commercial loans to support the creation of affordable housing, including single and multifamily housing, rental units and essential community facilities that providevital social services in the Fort Lauderdale and Pompano Beach areas. 

“We’re grateful for Synovus’ long-standing partnership as we continue our work to expand opportunities in Florida for people and places outside of the economic mainstream,” said Tammy Thomas, FCLF chief financial officer. “This new investment strengthens our ability to deliver flexible, mission-driven financing to the organizations building and preserving safe, affordable housing and essential services in communities that need them most.”

Synovus has sustained a nearly 20-year partnership with FCLF. The funding also supports the organization’s New Markets Tax Credit program, which improves economic and social conditions in Florida’s urban and rural communities by incentivizing private investment in distressed areas and expanding lending opportunities for underserved communities. 

“At Synovus, we believe families deservesafe, affordable places to call home,” said Sean Simpson, Synovus division CEO for Central and South Florida. “Supporting community development financial institutions like FCLF allows Synovus to help unlock the potential of underserved communities and create brighter futures for families across Florida.”

Synovus Bank, a Georgia-chartered, FDIC-insured bank, provides commercial and consumer banking in addition to a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. Synovus has branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.

Florida Community Loan Fund exists to maximize opportunities for people and places that exist primarily outside of the economic mainstream. FCLF is a nonprofit, multifaceted financing entity with a 30-year history of providing flexible capital and expertise to nonprofit and mission-aligned for-profit entities to make projects successful and improve lives and communities. FCLF is nationally recognized for its work as a certified CDFI and CDE through the U.S. Department of Treasury and as a member of the Federal Home Loan Bank of Atlanta. Learn more at www.fclf.org.