Mount Hope Renaissance building in the Bronx Mount Hope Renaissance building in the Bronx

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.

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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.

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