L+M Development Partners and Tahl Propp Equities secured $126.5 million in funding for their East Harlem affordable housing development Lexington Gardens II from Wells Fargo and the New York City Housing Development Corporation. The partners filed permits for a 400-unit, 15-story rental building in January. Construction is set to begin this month, and the developers plan to complete the project by mid-2020. The funding package includes $57.8 million in tax-exempt bonds issued by NYCHDC and […]