Larchmont, NY
As the first developer to integrate federal low-income housing tax credits with New York City’s Vacant Building Program, L+M continues to work with national government and financial institutions to create new programs that utilize private activity bonds and the as-of right tax credits that accompany them. L+M created the model for mixed-income homeownership, developing condos throughout the Tri-state area, and has since expanded its affordable and preservation work into California and New Orleans. More recently, L+M was the first developer to implement an onsite inclusionary market-rate condo in Brooklyn.