NYCHA

Multiple Sites

L+M Development Partners, in a Joint Venture with BFC Partners, is acquiring 875-units of project-based Section 8 housing from the New York City Housing Authority located in ten buildings in Manhattan, Brooklyn, and the Bronx. The partnership, which will include NYCHA as a 50% owner, will undertake significant rehabilitation to apartment interiors including the replacement of appliances and fixtures in kitchens and bathrooms, in addition to an ambitious scope of exterior work which will both transform the properties as well as establish a continuity of style and design across the portfolio. Post-rehabilitation, the entire portfolio will be managed by C+C Apartment Management.