Mount Hope Preservation Apartments was an ambitious refinance and rehabilitation, and one of New York City’s largest repositioning to date. This project was funded by NYC Housing Development Corporation and The City of New York, acting by and through its Department of Housing Preservation and Development. The Project consists of thirteen (13) buildings containing approximately 497 residential units and approximately 9,000 square feet of commercial space in the Mount Hope neighborhood of the Bronx. The Project was a joint venture between The Mount Hope Housing Company, Inc., Monadnock Development, Notias Development, and Kalel Holdings. 

The organization’s in-roads in utilizing tax credit equity continues to date with its 2010 ground-up construction of the New Hope Walton project consisting of 61 affordable housing units, community facilities, and 13 apartments set aside for homeless families; and its 1761 Walton Avenue mix-use project, currently in construction, boasts 103 permanently affordable residential units for families earning below 60% AMI, with 21 units reserved for homeless families, an indoor gymnasium, locker rooms, and training rooms for programs that promote health and introduce youths to careers in sports and arts to deter violence, gang involvement, and drug use.