The 13-building (515 unit Mount Hope Renaissance portfolio has been owned and operated by Mount Hope Housing Company for years. However the properties were in need of substantial capital improvements including new building systems interior upgrades, energy efficiency enhancements while strategically re-positioning these assets. A partnership with the right investor-development group became a clear opportunity to secure those goals, along with a multi-decade affordability blanket.
WHAT WE DID
NCV provided expertise and capital to help Mount Hope rehabilitate and reposition these community assets in this rapidly improving Bronx neighborhood. For the next 18 months, the properties will undergo substantial renovations that the residents of Mount Hope deserve.