Jericho Project Rings Closing Bell at New York Stock Exchange

Nonprofit leader in ending homelessness celebrates opening of Logan Fountain providing housing and comprehensive services for 105 New Yorkers

NEW YORK, Feb. 28, 2025 /PRNewswire/ -- Tori Lyon, CEO of Jericho Project, the nationally-acclaimed nonprofit ending homelessness in New York, rang the closing bell of the New York Stock Exchange (NYSE) on February 21, 2025, in celebration of the opening of Logan Fountain, a new supportive housing residence in Brooklyn with comprehensive services provided by Jericho.

Lyon was joined by Jericho Project leaders, team members, building partners and supporters to commemorate its first bell-ringing appearance at the NYSE. She acknowledged Jericho's dedicated management team and valued staff, construction partners Hudson Companies and Broadway Builders, supporter Morgan Stanley, and Jericho Project's Board of Directors and Associate Board.

"Today, with your support, we are proud to do our part in creating economic opportunity for many – especially those who come to us in need. I am extraordinarily proud of our entire Jericho community and our work to ensure that more individuals, more families and more of our New York neighbors have the opportunity – sometimes against all odds – to lead safe, secure and happy lives," Lyon said.

Logan Fountain includes 175 new units, of which 105 will be supportive housing, enabling each resident the dignity of a lease and key in exchange for one-third of their income, as well as access to Jericho's life-changing services including case management, employment, mental and physical health resources, and a social environment. 

"Hudson Companies is pleased to collaborate with our longtime partner Jericho Project in creating beautiful, stable housing and the invaluable services that support our residents' financial resiliency and wellness," said Jordan Camina, Project Manager at The Hudson Companies.

"Broadway Builders could not be more excited to open Logan Fountain as a beacon of stable housing for New Yorkers in need, as well as part of a broader community of residents," said Bernard Ruf, President, Broadway Builders.

Jericho Project provides equitable housing and individualized services, including mental health and wellness, workforce and employment opportunities, family stability and homelessness prevention, to 3,000 New Yorkers annually, including nearly 700 veterans, as well as families, seniors and young adults. Jericho currently provides over 625 units of housing in New York City which includes 485 units across seven residential buildings and 80 single adult and 60 family apartments throughout the Bronx.

Jericho and its partners are creating a more accessible housing landscape with more than 2,600 new or preserved units of affordable housing over the next five years. Nearly 1,000 of them will be supportive housing, which represents one-half of New York City's annual goals.

To further gather community and support, Jericho will present Celebrate! 2025: Building Foundations, Strengthening Families. This annual gala will take place on Monday, May 5, 2025, from 6:00 – 8:30 pm. For information contact Daniel Preston at [email protected] 

About Jericho Project: Jericho Project empowers individuals and families experiencing homelessness or housing insecurity by providing housing and person-centered services to address social inequities. For 42 years, Jericho has provided supportive housing and counseling services to thousands of individuals experiencing chronic homelessness, mental illness and substance abuse.

Jericho Project employs rigorous fiscal discipline and works with valued public-private partnerships and a foundation of dedicated donors, to advance its mission. Jericho's housing and extended services cost $18,000 per person annually, compared to $50,000 for a single adult shelter, $74,000 for a room in a family shelter, $115,000 for a city jail cell and $1000+ per day for a hospital bed.

For more information: jerichoproject.org | @jerichoproject1983

Media contact:
Lynthia Romney
[email protected]
914-589-2140

SOURCE The Jericho Project