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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 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 and administrative offices.

The Mayor's office, Borough President 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 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," said Mount Hope President and CEO Shaun Belle.
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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
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