seems very wrong to use both public land and money and only get 1/3 public housing out of it, but the deal is done, lets get to building:
Affordable housing at 5 World Trade Center approved by state board
By Michelle Bocanegra
Published Jul 27, 2023
Nearly 400 units of a housing development planned at 5 World Trade Center will be available below market rate after the proposal was approved by state authorities, Gov. Kathy Hochul announced on Thursday.
A third of the 1,200 homes planned for 5 World Trade Center — the first housing built on the site since the 9/11 will be reserved for moderate- to low-income residents, Hochul said at a press conference in Lower Manhattan. The state owns a vacant parcel of land at the skyscraper complex, which is poised for development next year. Final approval from the state Public Authorities Control Board, which signs off on project financing for a slate of public authorities, came on Thursday morning.
Twenty percent of the affordable units will be designated with a preference for survivors of the Sept. 11, 2001 attacks who lived or worked in the area — including first responders and people who assisted with cleanup in its aftermath.
more:
https://gothamist.com/news/affordabl...by-state-board