June 17, 2025

Services for the Underserved and Bronx Pro Group

$6.7 million acquisition loan

Founded in 1978, Services for the Underserved (S:US) is a nonprofit housing and social services provider that has been supporting vulnerable populations for over four decades. Bronx Pro Group (BPG) is a women-owned, community-focused development firm committed to creating affordable and sustainable housing that leads to thriving communities. Since 1988, BPG has created over 2,500 affordable housing units, as well as commercial and community spaces, totaling $600 million. To address the growing need for affordable housing in New York, S:US and BPG have partnered on a $13.2 million project in the Mount Hope neighborhood of The Bronx. With Corporation for Supportive Housing as the lead lender, NFF’s $6.7 million loan will finance the predevelopment and acquisition costs of a new 187-unit building. Of these, 64 units will be dedicated to supportive housing for formerly unhoused older adults with lived experience of mental illness and substance use. With this investment, S:US and BPG will be able to continue delivering stable housing and essential services that foster economic wealth and well-being for even more New Yorkers.