South Bronx Overall Economic Development Corporation

Since its founding in 1972, the South Bronx Overall Economic Development Corporation (SoBRO) has grown to address all aspects of community development: assisting business creation and growth, training residents according to the needs of employers, offering opportunities for youth to learn and develop, and creating affordable housing and commercial space that reverses blight in the community.

SoBRO is using HFFI financing to develop a new Fine Fare supermarket in the South Bronx. In addition to creating 25 new full-time jobs, this full-service supermarket will include a healthy eating grocery section offering fresh and affordable foods. The store will also provide free classes on healthy cooking for customers.

Source of money: HFFI CED Program; Fiscal year(s): 2013