Two developers, Greater Centennial Community Development Corp. and The Future Home Company of Westchester Inc. officially opened the James Varick Homes in Mount Vernon last week with a ribbon-cutting ceremony.
The developers broke ground in September 2006. The project at 445 South 10th Ave. in the city consists of 16 new two-family townhomes, which have been subsidized to make them affordable for low- to moderate-income first-time home buyers, according to the developers.
Four units have already been sold and buyers are being qualified for the remaining units, said the developers.
“Mount Vernon is a wonderful city that is becoming even better with such ventures as this,” said Rev. W. Darin Moore, president of the Greater Centennial Community Development Corp. “Public and private partnerships with faith-based organizations are a powerful resource to help uplift our community. I pray this is the first of more to come.”
The site for the development was previously an industrial factory that had been vacant for more than 20 years.
The project received funding from the Mount Vernon Urban Renewal Agency and Westchester County.
Additional funding for the project was provided by the New York State Division of Housing and Community Renewal and the New York State Affordable Housing Corp.
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