January 17, 2019
Mount Hope Renaissance building in the Bronx
Congratulations to our clients, NCV Capital Partners and Lemor Development Group on their partnership with the Mount Hope Housing Company on the “Mount Hope Renaissance” project!
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.
Visit the globest.com to read more.