News

Type A Projects, BronxWorks, and L+M Close on Over $255 Million in Financing for 100% Affordable Housing and Healthcare Development in the Bronx

December 23, 2025

River Commons, a mixed-use development consisting of 328 affordable and supportive homes, an approximately 43,000-square-foot public healthcare center and 6,000 square feet for community nonprofits, BronxWorks and African Communities Together, and 7,000 square feet of new public open space.

L+M and Partners Closes on Financing for $453 Million PACT Project to Renovate the Homes of Over 1,300 Residents in Harlem

December 18, 2025

This financial closing is a key milestone in the renovation of 10 residential buildings. Each development will receive comprehensive renovations to improve the quality of life for residents, including upgrades to apartments, shared spaces, grounds, and building infrastructure.

Alafia Phase I Opens: A Bold New Era of Affordable and Supportive Living in East New York

December 12, 2025

Alafia Phase I Delivers 576 Affordable and Supportive Homes, Cutting-Edge Sustainability, Easy Healthcare Access, Retail Opportunities, and Vibrant Public Spaces to Transform the Spring Creek Neighborhood.

L+M Companies Announces Strategic Partnership with Sixth Street

June 11, 2025

Partnership will support L+M’s growth efforts in the New York region, as well as expand development and preservation work in affordable housing around the country.

Stella Phase II Receives Funding Award From Mid-Hudson Development Fund

May 28, 2025

Gov. Hochul announced Stella Phase II as a recipient of funding among a list of new developments in the Mid-Hudson region. The WBP and L+M project is a transformative mixed-use development near New Rochelle’s Metro-North station featuring 126 affordable condominium units.

Arverne East Development Team Announces the Reopening of the Reconstructed Edgemere Avenue

May 28, 2025

The reconstructed Edgemere Avenue between Beach 32nd Street and Beach 38th Street on the Rockaway Peninsula in Queens has reopened after extensive infrastructure upgrades as part of the Arverne East development.

Construction on LMXD, MCI Collective, and Newark Museum of Art’s Museum Parc Begins

February 20, 2025

The project, which is expected to be completed by 2027, will also deliver 250 mixed-income rental apartments across two buildings–a six-story building and a 12-story structure–with approximately 2,300 square feet of ground-floor retail space.

L+M Announces Joe Curatolo as Chief Financial Officer and Nikki Wernick as President of Property Management

January 23, 2025

National affordable and mixed-income housing leader L+M Development Partners LLC (L+M) today announced changes to its executive leadership team as the firm continues to advance operations and grow its portfolio in the New York area and nationwide.

LMXD, MCI Collective, Newark Museum of Art Close on Financing For Museum Parc Development

January 03, 2025

The mixed-use development Museum Parc will include 250 rental apartments, a 4,000-square-foot gallery for the Newark Museum of Art, and new retail along Central Avenue in Newark.

RiseBoro Community Partnership, L+M, Apex Building Group Close on Financing for Phase II of Alafia

December 24, 2024

Alafia Phase II will deliver two 14-story buildings with a combined 634 affordable housing units, including supportive housing, and approximately 22,000 square feet of retail and community facility space.