Derrick Lovett Of MBD Community Housing Acquires Multifamily Buildings In Bronx For $32.3M

Derrick Lovett

2160 Walton Avenue

Neighborhood Restore Housing Development Fund Corporation (“Neighborhood Restore”) and its affiliate nonprofit entities (Neighborhood Renewal HDFC, Restored Homes HDFC, Restoring Communities HDFC, Preserving City Neighborhoods HDFC, and Project Rebuild, Inc.) collaborate with the New York City Department of Housing Preservation and Development (“HPD”) on programs that seek to foster neighborhood stabilization by efficiently transitioning properties from physical and financial abandonment to responsible third party ownership. Neighborhood Restore also utilizes citywide partnerships to create affordable homeownership opportunities for households of low- and moderate- income. Neighborhood Restore and its affiliate entities are supporting organizations of Enterprise Community Partners, Inc. (“Enterprise”) and the Local Initiatives Support Corporation (“LISC”).