Larry Silverstein behind NYC housing of low income people in the world trade center! 1400 apartments with 80 going to 911 survivors

[link to nypost.com (secure)]

It’s a done deal! Gov. Kathy Hochul announced she’d struck an agreement with lawmakers to develop an apartment-filled skyscraper at 5 World Trade Center on Thursday, ending a two-year fight over the building.


The Lower Manhattan tower will include 1200 new apartments, with roughly 400 units going to low-and moderate-income New Yorkers — 80 of which will be set aside for 9/11 survivors and first responders.


Hochul said it would be the largest single housing project.


The plans initially drawn up by the partnership of Brookfield Properties and Larry Silverstein called for building a tower approximately 900 feet tall that would house some offices alongside more than 1,300 apartments — which would be rent-stabilized.


Under the deal, households of three making between $50,840 and $152,520 would be eligible for an income bracketed unit — with the bottom end of the spectrum paying $1,271 a month, while the top end would pay up to $3,813.