NEW YORK – New York State has broken ground on a $55 million affordable housing development in the Mount Hope section of the Bronx, Governor Kathy Hochul and Mayor Eric Adams announced.
The new project, known as Mount Hope Walton Apartments, will include 103 affordable apartments, including 16 for the formerly homeless, and a 9,500-square-foot community gym.
The new development will be built adjacent to the existing Mount Hope Community Center on Walton Avenue. The community gym will include a fitness center and regulation-size basketball court for high school games. The space will be leased to a non-profit operator for a nominal rent, with programming available to residents and the community.
The upper floors of the building will consist of a mix of one, two and three bedroom apartments. The 103 apartments are affordable to households earning 80 percent or less of the area median income. Sixteen apartments will be set aside for homeless families.
Additional residential amenities will include laundry facilities, two indoor recreation rooms, outdoor recreation space, and bike storage.
Mount Hope Walton Apartments is part of Governor Hochul’s sweeping plans to make housing more affordable, equitable and stable. The Democrat has successfully introduced and secured, in the enacted state budget for 2022-23, a new plan for $25 billion five-year comprehensive housing project that will increase housing supply by creating or preserving 100,000 affordable homes across New York, including 10,000 with supportive services for vulnerable populations, as well as electrifying an additional 50,000 homes.
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