Community Developer Reveals New Affordable Housing Project at 1761 Walton Avenue in Mount Hope, The Bronx

1761 Walton Avenue - Mount Hope Housing Company / Procida Companies1761 Walton Avenue - Mount Hope Housing Company / Procida Companies

A sprawling mixed-use development with a substantial wellness-focused community facility will soon make its home in Mount Hope, The Bronx. Located at 1761 Walton Avenue, the 14-story building will span approximately 102,500 square feet and rise from a vacant, L-shaped lot. Mount Hope Housing Company, a Bronx-based community development organization that rehabilitates and manages affordable housing, and Procida Companies, a local general contractor, have partnered on the development.

1761 Walton Avenue - Mount Hope Housing Company / Procida Companies

1761 Walton Avenue – Mount Hope Housing Company / Procida Companies

The residential component will occupy around 94,000 square feet and include 104 rental apartments. Available units will include 60 one-bedroom, 27 two-bedroom, and 17 three-bedroom spreads. As a 100-percent affordable housing development, the apartments are exclusively reserved for individuals and households at 30 to 60 percent area median income.

Community facilities include a large basketball court, a separate fitness center, and associated locker rooms. When complete, the recreational area will comprise 8,500 square feet.

1761 Walton Avenue - Mount Hope Housing Company / Procida Companies

1761 Walton Avenue – Mount Hope Housing Company / Procida Companies

According to documents filed in 2017, construction is expected to conclude by next year.

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