At a ribbon-cutting ceremony yesterday, Mount Hope Housing Company unveiled the "New Hope Walton Project," a 63-apartment complex at 1775 Walton Ave.
The environmentally friendly building, near East 176th Street, will provide homes to low-income families. The first tenants have already moved in; the building will be full come the end of June.
“Mount Hope Housing Company is steadfast in our commitment to meeting the needs of our community and providing services that help our residents to move up the economic ladder,” said Shaun Belle, the organization's president and CEO in a statement. “The New Hope Walton Project exemplifies this commitment and is the latest success in our decades-long effort to revitalize the Mount Hope community.”
Financing came from Enterprise Community Partners, Inc., HDC, HPD, and Citibank. More here.
The building is around the corner from Mount Hope's new community center, which will likely open this summer. There are additional plans to build a gymnasium on the empty lot between the two projects.
The New Hope Walton Project means Mount Hope Housing Company now provides affordable housing to more than 1,300 people. That's one in every seven Mount Hope residents.
Top photo: With the scissors is new Borough President Ruben Diaz Jr. Second from left is Shaun Belle, Mount Hope's president and CEO
Bottom photo: the "New Hope Walton Project" at 1775 Walton Ave.
(Photos by Alma Watkins)