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  • Preservation effort will keep rents affordable for

NCV, LDG, Mount Hope & CPC close $100 million deal to preserve 515 units

NEW YORK, NY — NCV Capital Partners (NCV), a real estate advisory and development firm, in partnership with Mount Hope Housing Company (Mount Hope), Lemor Development Group (LDG), and the Community Preservation Corporation (CPC) announced the closing of a $100 million transaction to preserve a 515-unit, 13-building portfolio (Mount Hope Renaissance) in the Mount Hope neighborhood of the Bronx. The Mount Hope Renaissance portfolio includes 515 affordable units spanning between East 175th St. and East Burnside Ave., and ranges from studios to five-bedroom apartments. The comprehensive rehabilitation plan, slated to commence in the first quarter of 2019, includes in-place reconstruction of kitchens, bathrooms and energy-efficient upgrades.

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