Last week, Governor Kathy Hochul and Mayor Eric Adams announced the start of construction on the Mount Hope Walton Apartments, a new affordable housing complex in the Mount Hope area of the Bronx.

Located at 1761 Walton Avenue, the $55-million development will include a total of 103 income-restricted apartments - including 16 reserved for formerly homeless persons. Additionally, plans call for a 9,500-square-foot community gym, laundry facilities, two indoor recreation rooms, and outdoor recreation space.

"Every New Yorker deserves high-quality affordable housing, and this new housing development is part of my administration's commitment to increase the supply of high-quality housing across the Bronx," said Hochul in a statement. "This $55 million mixed-use development will enhance the neighborhood, improve the lives of its residents, and strengthen the community they call home. By joining forces with Mayor Adams, we are making sure everyone in New York has the dignity of a roof over their heads."

Rendering of the Mount Hope Walton ApartmentsAufgang Architects

Co-developers Procida Development Group, LLC and Mt. Hope Housing Corporation are building a mix of one-, two-, and three-bedroom apartments, all of which will be reserved for households earning no more than 80 percent of the area median income level.

The project site abuts the existing Mount Hope Community Center on Walton Avenue, and will add a fitness center with a regulation-size basketball to the neighborhood. The space will be leased to a non-profit operator, and be made available to the surrounding community.

Aufgang Architects is designing the Mount Hope Walton development, which will stand 14 stories tall.

Financing for the project includes a combination of Federal low-income housing tax credits, state, and city sources.