New Markets Tax Credit Coalition

Search
  • Bronx,
  • NY
  • (2023)

Hope House

District: Ritchie Torres (D-NY15)

Investment

  • NMTC Amount: $8,500,000
  • Total Project Cost: $13,000,000

IMPACT

  • 20 FTE jobs
  • 28 construction jobs
  • jobs created and 20 jobs retained.
  • 12,000 sq. ft. of real estate

CDEs

Project Description

NYCNCC is providing financial assistance for the construction of a 16-bed, 12,000 sq. ft. alternative to incarceration facility in the East Tremont neighborhood of the Bronx. Launched with significant community support, the program will provide an innovative continual care treatment model for New York City residents convicted of drug offences. Supportive housing and health treatment will be part of the ongoing rehabilitative experience for participants, helping to break the cycle of recidivism. Hope House is being developed by the Greenburger Center for Social and Criminal Justice, Inc.

External Profile
External Profile 2

MAP

Address: 849 Crotona Park North, Bronx, NY 10460

Census Tract: 36005036700

Missing information? Submit an update or correction.

Other New York Projects

Livingston Buildings Rehab Phase 1
  • Poughkeepsie,
  • NY
  • (2009)
  • CDE(s): Key Bank
Phase 1 of the Livingston Buildings historic rehabilitation created a mixed-use structure.
Learn more..
Salt City Market Mixed-use
  • Syracuse,
  • NY
  • (2020)
  • CDE(s): Chase, Rose Urban Green Fund
New 78,000 sq. ft. mixed-use development that transforms a vacant lot, located at the intersection of 3 impoverished neighborhoods, into a mixed-use, multicultural, community hub.
Learn more..
Grand Concorse Fordam
  • Bronx,
  • NY
  • (2023)
  • CDE(s): Arctaris Impact CDE, Hampton Roads Ventures, The Community Builders, TruFund
The Grand Concourse project will bring a Fine Fare grocery store in the Bronx, NY. The ERF allocation will help fund the purchase and rehabilitation of 50,363 sq. ft. of
Learn more..
Chobani
  • New Berlin,
  • NY
  • (2011)
  • CDE(s): Bank of America, CDF Development (Cordish), Dudley Ventures, Ecotrust, Empire State Development Corporation, Solomon Hess SBA Loan Fund
The renovation and equipping of a 70,000 sq. ft. facility in New Berlin, a highly distressed rural part of upstate New York.
Learn more..