Press Releases

L+M, Triangle Equities and The Bluestone Organization Close $95.7 Million on Beach Green Dunes III, a 100 Percent Affordable Housing Development in Far Rockaway

January 09, 2023

The Passive House, geothermal, and solar project will increase energy efficiency and reduce energy costs for residents and incorporates resiliency measures to prevent flooding and storm damage.

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Alafia Development is Announced by Governor Hochul to Create 2,400 Affordable Homes and More in East New York

December 19, 2022

The initial phase will create 576 affordable homes, a new 15,000 SF outpatient medical clinic and 7,000 SF of ground retail space.

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L+M and SAA I EVI Acquire Concordia Place Apartments in Chicago

December 14, 2022

The 297-unit affordable apartment complex will undergo an extensive $25 million renovation.

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Historic National Black Theatre to Break Ground in Harlem

June 24, 2022

The theatre’s new home is being developed in partnership with LMXD and RAY, and will include 222 units of mixed-income apartments and commercial space along 125th Street.

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L+M and Ginosko Development Company Acquire 1,640-Unit Affordable Housing Portfolio in Michigan

June 21, 2022

Developers will rehabilitate the nine properties while preserving affordability.

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The Campaign Against Hunger Opens New Nonprofit Café & Culinary Arts Center in Far Rockaway

April 21, 2022

Beach Dunes Eats & Arts Café offers affordable, healthy meals and produce for Beach Green Dunes II residents and the surrounding community.

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L+M and Partners Close on Affordable Housing and Healthcare Project Under NJHMFA’s Hospital Partnership Subsidy Program

March 03, 2022

The project will deliver 78 affordable apartments for families, supportive housing and include a ground-floor clinic and office space operated by University Hospital.

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L+M and Partners Close on Linden and Penn-Wortman Houses in $430 Million Preservation Partnership with New York City Housing Authority

December 29, 2021

The full-scale rehab is planned for 1,900 apartments in East New York with NYCHA remaining the owner of the two properties.

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Lisa Gomez Named L+M Chief Executive Officer

December 15, 2021

The longtime Chief Operating Officer and affordable housing veteran will become L+M’s CEO starting January 1, 2022.

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L+M and Partners Close on First Phase of New York City’s First Net Zero Community in Queens

December 15, 2021

A thirty-five acre public nature preserve and nature center comprise $30.3 million of the first phase of a resilient, energy efficient, and sustainably focused Arverne East project on the Rockaway Peninsula.

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