Mount Hope Renaissance building in theBronx
NEW YORK CITY—Mount Hope Housing Company, NCV Capital Partners, Lemor Development Group and the Community Preservation Corporation have closed on a $100 million transaction to preserve 515 units of affordable housing in the Bronx. The 13-building portfolio is in the Mount Hope neighborhood between E. 175th St. and East Burnside Ave.
In Q1 2019, the apartments, ranging from studios to five-bedroom units, will be comprehensively renovated. This will include reconstruction of kitchens, bathrooms and energy efficiency upgrades.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
