VS 2015 - Unable to add Controller or View

When I create a new ASP.NET project in Visual Studio 2015, I'm consistently unable to add a Controller or a View (there is are no issues with adding a Model). Note: this does not happen when using an existing project It appears to be hit or miss with existing projects. Any ideas? Do I need to re-install Visual Studio? I've tried just about everything besides re-installing.

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Error
There was an error running the selected code generator: 'Error loading type library/DLL. (Exception from HRESULT: 0x80029C4A (TYPE_E_CANTLOADLIBRARY))'