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Over the weekend, local officials were joined by principal developer Joel Mounty and Grace Baptist Church Rev. W. Franklyn Richardson to unveil Ruth Hassell-Thompson Towers, a 10-story, 66-unit affordable housing development serving income-eligible people who are older than 55-years-old.
The property was developed by Mountco Construction, in partnership with the Grace Community Development Corporation (Grace CDC).
According to Richardson, Grace DCD is an arm of Mount Vernon’s Grace Baptist Church that was formed to serve as an institutional catalyst for economic and community development in the city.
“Grace CDC is pleased to have Mountco as our development partner on these projects, which has not only provided quality housing for local residents, but has also created job opportunities to uplift our neighborhoods,” he said.
This is just the most recent time Mountco has teamed with city officials to develop housing in Mount Vernon. In 2006, they completed the nine-story Grace Plaza - also known as the Richard Dixon Tower - which provided 82 one-bedroom affordable housing units. The second project was the Randy A. Daniels Towers located on Third Street, which includes more than 100 apartments.
Mounty noted that each of the projects have been named after local civil servants that dedicated their lives to helping Mount Vernon.
“Ruth Hassell-Thompson selflessly served the Mount Vernon community for years in both the nonprofit sector and as an elected representative at the City Council and New York State Legislature. This development rightfully honors that service,” he said.
“I’d also like to recognize Dr. Richardson for his vision and commitment to expand local affordable housing options. This faith-based partnership is truly unique and allows us to target the community’s specific housing needs with tailored solutions.”
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