The Next Evolution of L+M

When Sandy and I started this company in 1984, we couldn’t have dreamed that L+M Development Partners would go on to become a nationally recognized developer of affordable and workforce housing. But almost 40 years later, we stand proudly with our dedicated team, who are the best in the business and have built an inclusive [...]

Baychester Houses: A Model for Public-Private Partnerships

The New York Times just published an article about Rental Assistance Demonstration (RAD) called "A Rebirth in the Bronx: Is This How to Save Public Housing?", which focuses on L+M's Baychester Houses project. Together with Camber Property Group and MDB Community Housing Corporation, we partnered with NYCHA to renovate Baychester using the RAD program to create a much-improved [...]

L+M’s Senior Director Named in City & State’s 40 Under 40

I'm pleased to share that Ayanna Oliver-Taylor was named one of New York’s 40 Under 40 in the development and construction industry last week by City & State. She is a leader within our organization, and her work is critical to protect affordable housing for the city’s vulnerable residents. Ayanna is a Senior Director of [...]

How NYC can create more affordable housing — and quality construction jobs too

Local 79 Business Manager Mike Prohaska and I recently jointly penned an opinion piece for the Daily News about the need for affordable housing in parallel with investment in communities, particularly those hard hit by the COVID-19 pandemic. Even though our perspectives sometimes differ, one thing we do share is a vision of creating more [...]

By | March 4th, 2021|Affordable Housing, Blog, New York City|0 Comments

Outlook for Affordable Housing

Work on Sendero Verde in Harlem is Underway The Real Deal published a story in its January edition about the complexity urban, suburban and rural communities face when delivering affordable housing, including the some of the downsides of community preferences. In New York City in particular, there are a myriad of challenges, one [...]

L+M and Laborers’ Local 79 Announce Major Hiring Agreement

A rendering of Bronx Point You may have seen a story in last week's Wall Street Journal announcing an agreement between L+M and  Laborers’ Local 79. The agreement will set an important precedent for the future of progressive affordable housing development, union job creation and local hiring in New York City. Local hiring has long been an [...]

ULI NY’s 2020 Visionary Leader in Land Use Award

I was honored to receive the ULI NY's 2020 Visionary Leader in Land Use Award earlier this month, which is a lifetime achievement award recognizing leaders within New York’s real estate community. I am so proud of the work our company does, and I would like to thank my business partner Sandy Loewentheil, who founded L+M with [...]

Podcast: Freddie Mac Multifamily

At the end of the summer, I sat down with some folks from Freddie Mac to talk about community development, but throughout our conversation we covered a range of topics, including mixed-income and mixed-use housing, racial and social justice, and how L+M is navigating the pandemic landscape. Thank you to Steve Guggenmos and Corey Aber [...]

By | October 20th, 2020|Affordable Housing, Blog, Community Development, New York City|0 Comments

All In NYC

New York City is home to millions. It is home to residents who live in the properties that L+M Development Partners develops, builds, and manages. It is home to many of our staff members. It is home to my family and my business. I was born and raised in New Rochelle, and, with my business [...]

By | September 16th, 2020|Affordable Housing, New York City|0 Comments

Changes to Affordable Housing Financing Could Impact Long-Term Availability

The City could see a loss of 21,000 new affordable apartments next year due to NYC Housing Preservation and Development’s budget cuts, as reported in the Commercial Observer. And while HPD stated the budget is shifting to the 2022 and 2024 fiscal years, delays to construction projects resulting in the cuts will have a dramatic [...]

By | July 21st, 2020|Affordable Housing, Blog, Construction, New York City|0 Comments