The Real Deal New York

Nonprofit revives $11M Bronx housing project

January 21, 2014 03:20PM

New Hope Walton, Bronx

Mount Hope Walton, Bronx

A nonprofit that provides affordable housing for domestic violence survivors is breathing life into a Bronx condo project that stalled during the financial crisis.

New Destiny Housing waited two years for permission from the city’s Department of Housing, Preservation and Development to buy the 70,000-square-foot, $11 million development in the Mount Hope neighborhood late last year. The project was designed by Oaklander, Coogan and Vitto Architects and erected in 2009. 

The 10-story building was to supposed to provide homes for low-income families, but loans became hard to come by during the recession and the building sat vacant, according to Crain’s.

Now, half of the 39 units will be set aside for homeless domestic violence survivors, and low-income families will rent the other half, Crain’s reported. The affordability of such homes in the Bronx has recently been threatened by creeping gentrification, according to residents. [Crain's] – Angela Hunt

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