UNIVERSITY HOSPITAL, L+M DEVELOPMENT PARTNERS, TYPE A PROJECTS AND MSQUARED SECURE $42 MILLION FOR DEVELOPMENT OF NEW AFFORDABLE HOUSING IN NEWARK UNDER NJHMFA’s HOSPITAL PARTNERSHIP SUBSIDY PROGRAM
L+M Development Partners, Type A Projects, and MSquared today announced the closing on $42 million in financing for the development of 78 affordable rental apartments that will serve low- and moderate-income households in the Fairmount neighborhood of Newark in partnership with University Hospital. The project, developed under the New Jersey Housing and Mortgage Finance Agency’s […]