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Site sale brings Hope to Bronx neighborhood.


The city sold a 33,200-square-foot parcel of vacant city-owned property in the Bronx to the Mount Hope Community Center, a not-for-profit corporation A not-for-profit corporation is a corporation created by statute, government or judicial authority that is not intended to provide a profit to the owners or members. A corporation that is organized to provide profits to its owners or members is a for-profit corporation.  affiliated with the Mount Hope Housing Company.

Mount Hope Community Center plans to construct a building to house a computer training and job counseling center, conference facilities, meeting rooms, recreational facilities Noun 1. recreational facility - a public facility for recreation
recreation facility

facility, installation - a building or place that provides a particular service or is used for a particular industry; "the assembly plant is an enormous facility"
 and administrative offices.

The Mayor's office, Borough President Borough President (informally BP, or Beep in slang) is an elective office in each of the five boroughs of New York City.

The offices of borough president were created in 1898 with the formation of the City of Greater New York.
 Adolfo Carrion Jr. and Council member Maria Baez allocated $7,655,000 in City capital funds to the project.

The site consists of four vacant lots located on a block bounded by Townsend and Walton Avenues, East 175th Street and East 176th Street in the Mt. Hope section of the Bronx. The sale price for the property was $436,500. Construction is expected to begin this summer.

The Mt. Hope neighborhood has one of the lowest percentages of land devoted to indoor or outdoor recreational space of any neighborhood in the Bronx.

Less than half of its population are high school graduates and 35 percent have incomes below the poverty level.

"This great transaction recognizes that City government is helpful in allowing Mount Hope Housing Company to sustain the community by transforming a vacant lot that has been a source of blight blight, general term for any sudden and severe plant disease or for the agent that causes it. The term is now applied chiefly to diseases caused by bacteria (e.g., bean blights and fire blight of fruit trees), viruses (e.g., soybean bud blight), fungi (e.g.  for nearly 20 years into a modern youth and family center designed to embrace the 'green building' concept by improving energy efficiency and enhancing indoor air quality Indoor Air Quality (IAQ) deals with the content of interior air that could affect health and comfort of building occupants. The IAQ may be compromised by microbial contaminants (mold, bacteria), chemicals (such as carbon monoxide, radon), allergens, or any mass or energy stressor ," said Mount Hope President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  Shaun Belle.
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Article Details
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Title Annotation:Mount Hope Housing Co., Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Mar 30, 2005
Words:239
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