Statement on 5 World Trade Center Site Development
Published on Jul 27, 2023 by
FOR IMMEDIATE RELEASE: July 27, 2023
“We are thrilled to see that the governor and key legislators are in agreement on the mixed-use development at 5 World Trade Center,” said our President & CEO Carlo A. Scissura, Esq. “Approval on this critical project by the NYS Public Authorities Control Board will bring over 1,200 units of much-needed housing to lower Manhattan.
“We laud our partners in government for identifying additional subsidies, allowing the project to fund even more affordable housing units, bringing the total to 400, and with deepened affordability. We have been proud to support this critical project, which will deliver five times the number of affordable homes produced across all of Lower Manhattan in a typical year and further demonstrates this administration’s commitment to increasing our housing supply amid a growing housing crisis.”
