L+M Development Partners and Osborne Association closed a $126 million deal to develop Marcus Garvey Extension Phase 2 Buildings C/E in Brownsville, Brooklyn. The project includes 178 affordable apartments, with 88 as supportive housing for re-entering individuals under ESSHI, with on-site support by Osborne Association. 

Buildings C/E will offer apartments for households with incomes from 40% to 70% of AMI, featuring amenities like laundry rooms, community spaces, and courtyards. Services include workforce development, family coaching, and health services. Both buildings will be all-electric with geothermal systems. 

“The closing of Buildings C/E marks the final step of completing Phase 2 of the Marcus Garvey Extension Project, a project that will provide necessary affordable and supportive housing to the Brownsville community,” said Elaine Braithwaite, managing director at L+M Development Partners. The project will meet green standards and provide community facility space and parking. 

On April 18, join multihousing’s leaders and dealmakers when they explore the most important topics facing the Phoenix and Scottsdale markets today. Register to attend and hear expert insights first-hand, network with the best in the industry, and sit in on discussions you won’t hear anywhere else. Connect Phoenix Multifamily & Single-Family Build-to-Rent on April 18 at the Westin Kierland Resort & Spa.