DEP referral form with ID NYC-WTC_000146908, Sept 2001

NYC 9/11 Public Portal Document •By ERIC HERMAN, PAUTL HIB. SHIN and GREG GITTRICH •DAILY NEMS STAFF WRITERS • Pssst. Have we got a real estate deal for you. Anyone living near the World Trade Center site - or anyone about to move there — will be eligible to share $220 million in federal aid to be used for rent, maintenance or mortgage payments, sources told the Daily News. The cash assistance, designed to pay up to 30% of rent or mort- tery Park City, as the "immedi- gage bills for the next two years ate impact zone," sources said. in the troubled area, will be People in the zone will be eligi- •doled out by the state city agen- ble to receive 30% of their rent :cy: overseeing the rebuilding of or mortgage payments for the lower Manhattan, sources said next two years, up to $12,000 The top grant is capped. at but no less than $4,000. $12,000 over two years; the pay- Those who live outside that ment forinula is based on how zone but south of Canal St also clase you live to Ground Zero. will be eligible to receive 30% of To qualily, applicants must their rent or mortgage payments ..for the next two years. Their agree to stay in the area for two yeats, sources said. grant will be between $2,000 Unveiling details and $6,000. Details of the application pro- .An official announcement is cess were unclear yesterday expected today, but. Madelyn The plan is subject to final.ap Wis, a Lower Manhattan Devel:: proval by the federal Depart- opment Corp.: board inember, ment of Housing and Urban De- confirmed that the money will velopment after a public com- be distributed through grants ment period. not loans or tax relief. ..Taken from $2B pot "I couldn't be more delight- Sen. Chuck Schumer (D-N.Y.) ed," said Julie Menin, president said the money will come from of Wall Street Rising, a coalition $2 billion in federal aid received of investment banks, law firms, by the Lower Manhattan Devel- real estate companies and peo- opment Corp. in December. An ple who. live in the disaster area. additional $300 million in grants *"This is vital to keep residents will be distributed by the agency downtown and attract more peo- to help small businesses and ple." nonprofits around the Trade Since Sept. 11, thousands of Center site, he added. people who live near Ground Ze- The grants come on top of ro have moved away. Those who $700 million in federal aid ap- remain suffer from crippled - proved by the Bush administra- mass transit, environmental wor- tion this month to help small ries and cordoned-off streets around the disaster site. businesses and create jobs downtown. Anyone who lived in Manhat- In'addition, the Red Cross, the tan south of Canal St. on Sept. Sept. 11 Fund and the Salvation • Il will be eligible for a one-time Army have handed out about bonus payment of $1,000. $250 million to more than Sources said the size of the 50,000 businesses and displaced grants will vary depending on - workers in the area. where the applicants live and Assembly Speaker Sheldor the size of their rent or mort- Silver (D-Manhattan) said the gage payments. Thoseliving grants were "a good start," but closer to Ground Zero will be eli- weren't enough Silver, who has gible for more money: often criticized the largely Gov: The Lower Manhattan Devel- Pataki-appointed development opment Corp. has defined the ar-. corporation; called for the grant ea south of Chambers St. and west of Broadway, including Bat- Ly po te tae ed pad the ligbl- NYC-WTC_000146907 Daily lews 2/21|02 Fed Grasts for people living near He WTC (212) 225-3508 web site www.nylovesbiz.com