Part of the Solution
Founded in 1982, Part of the Solution (POTS) is one of the earliest emergency food providers in the Bronx, New York. Today, POTS is a multi-service agency offering hot meals, a food pantry, legal assistance, social services, medical services, mail services, used clothing and showers in its current facility. LIIF provided support to enable POTS to expand its current facility to house its entire staff, volunteers and current programs that offer free services to low income Bronx residents.
- 10,000 people served annually
- $8.8 million New Markets Tax Credit transaction with a $2.4 million equity investment from Chase
$2.4 million predevelopment and acquisition financing
New Markets Tax Credits