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CRAIN'S --Stalled Bronx condo project gets second life
January 21, 2014
New Destiny Housing , a nonprofit specializing in housing victims of domestic violence, will turn the 39-unit building into affordable rentals.
A Bronx affordable condominium project completed in 2010, but never occupied due to the financial crisis, will now see life as an affordable rental building geared toward victims of domestic violence.
The nonprofit New Destiny Housing closed Dec. 30 on the 10-story building in the borough's Mount Hope neighborhood. It aims to bring the property back online this year, officially putting an end to city head-scratching over what to do with the development, said Carol Corden, the nonprofit's executive director.