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Mount Vernon Urban Renewal Agency sued over low-income housing loan

The URA agreed to make its mortgage secondary when it loaned $345,200 to Mt. Vernon Associates to renovate Greencourt Apartments, 284 S. Columbus Ave.

Mount Vernon replaces IDA director with former Obama team member

Former U.S. Department of Agriculture official Stacey Brayboy was hired as executive director to replace Sean McIntyre who was hired eight months ago.

Mount Vernon bulks up its IDA

Tripling the staff, implementing tougher financial assistance standards and examining past practices are part of an effort to put the IDA at the center of Mount Vernon’s economic development strategy.