From Yonkers Newswire Journalist Brian Harrod.

 

WOW... You Can Get One Of The 400 Affordable Apartments To Be Built On The World Trade Center Site..... THANKS KATHY: Governor Reaches Deal With Port Authority to Build Affordable Housing at 5 WTC COMMERCIAL OBSERVER: New York reached a deal to start construction on a residential building at 5 World Trade Center with more affordable housing than previously proposed, but far less than advocates pushed for. Gov. Kathy Hochul announced Thursday that the Public Authorities Control Board (PACB) approved the framework for the 1,200-unit multifamily building earlier in the day, with up to one-third of the units priced for “low- and moderate-income residents,” and with some set aside for victims of 9/11 and their families, Hochul said. Construction is expected to start in 2024. “This is going to be a symbol of what we can do,” Hochul said on the 79th floor of 3 World Trade Center, where the announcement took place. “[It’s] going to bring new life here.” Silverstein Properties, Brookfield Properties, Omni New York and Dabar Development Partners were selected as the developers of the project in February 2021, which at the time was slated to be about 900 feet tall, with 1,325 rental units spread across 1.2 million square feet. In the original proposal, about 25 percent of the units were expected to be set aside for affordable housing. Housing advocates have been pushing for several years for the Port Authority of New York and New Jersey (PANYNJ), which has been spearheading the development, to make the building 100 percent affordable.... https://www.facebook.com/groups/YonkersNewswire/posts/3586853788238840/