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Manhattan

State reaches deal to increase number of affordable units in 5 WTC development

By Max Parrott Posted on July 27, 2023
Screen-Shot-2023-07-27-at-2.35.45-PM

The legislature and governor united on Thursday to vote in favor of the plan to build a mostly residential tower on the 5 World Trade Center site, with an additional infusion of affordable units.

The Public Authorities Control Board, the state financing authority made up of appointees of the governor, Senate and Assembly, approved $65 million in public funds for the project that will set aside a third of the 1,200 planned units as affordable — about 40 more than had previously been agreed upon in May.

See the full article at amNY

State reaches deal to increase number of affordable units in 5 WTC development

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