Citi, L+M Development Partners Announce $150 Million New York Affordable Housing Preservation Fund II

New York, NY – June 5, 2013 – (RealEstateRama) — Citi and L+M Development Partners (L+M) have launched a second New York Affordable Housing Preservation Fund. NYAH II, a $150 million real estate private equity venture, is designed to be an entrepreneurial solution to stem the loss of affordable housing particularly in low- and moderate-income neighborhoods in New York City.