Business Details
29 Years
experience
Your Trusted Partner for Affordable Housing Solutions in New Jersey
Founded in 1997 by Maria E. Yglesias and Maria Del Mar Lopez, M & M Development has established itself as a leader in creating high-quality, affordable housing communities across New Jersey. Our approach combines decades of industry experience with a deep commitment to urban renewal, ensuring every project reflects our belief that a home is more than four walls and a roofit is the foundation of thriving communities. We specialize in developing modern, energy-efficient residential properties that maximize land use while incorporating sustainable design principles. Our team oversees every stage of development, from acquisition and construction to management and marketing, delivering innovative solutions tailored to emerging markets. With award-winning projects like Villa Esperanza in Newark, we have redefined standards for affordable housing by integrating accessibility to education, healthcare, and public transportation.Our expertise in navigating complex urban environments positions us to transform neighborhoods and improve residents' quality of life. We remain dedicated to pioneering 21st-century housing that balances affordability with luxury, fostering homeownership opportunities in underserved areas. Through strategic partnerships and a client-centric philosophy, we ensure transparency, reliability, and long-term value in every community we build. Our recognition through awards such as BCDCs Recognize Newark underscores our industry leadership and commitment to excellence. As we expand our impact, we continue to prioritize ethical practices, community engagement, and cutting-edge construction techniques to meet evolving housing needs.
Services
Affordable Housing Development
Urban Renewal Projects
Energy-Efficient Home Construction
Property Management
Community Development
Details
- Year established: 1997
Highlights and features
- We have over 25 years of experience in affordable housing development.
- Our team combines expertise in acquisition, design, and construction.
- We integrate energy-saving features into all our housing projects.
- Award-winning projects demonstrate our commitment to quality and innovation.
- We specialize in revitalizing urban neighborhoods in Newark and Camden.
Services
Affordable Housing Development
We design and construct affordable residential communities that prioritize accessibility and sustainability. Our projects integrate modern amenities with cost-effective solutions for low- to moderate-income families. By focusing on urban areas, we address housing shortages while fostering economic growth and community stability.
Urban Renewal Projects
Our urban renewal initiatives transform neglected areas into vibrant, functional communities. We focus on infrastructure improvements, historic preservation, and creating mixed-use spaces that enhance local economies. These projects emphasize long-term sustainability and resident well-being through strategic planning and stakeholder collaboration.
Energy-Efficient Home Construction
We incorporate energy-saving technologies and materials into every project to reduce environmental impact and lower utility costs. Features include solar panels, efficient insulation, and water-conserving fixtures. Our commitment to green building standards ensures residents enjoy comfortable, sustainable living environments without compromising affordability.
Property Management
Our property management services ensure long-term value and operational efficiency for residential communities. We handle maintenance, tenant relations, and financial oversight while maintaining high standards of safety and livability. This comprehensive approach preserves property integrity and maximizes returns for stakeholders.
Community Development
We create holistic community plans that integrate housing with essential services like education, healthcare, and transportation. Our developments prioritize walkability, public spaces, and access to local amenities. This approach strengthens social connections and improves quality of life for residents in urban environments.
People
Maria E. Yglesias
Co-Founder
Maria co-founded M & M Development in 1997 after immigrating from Spain. She brings over 25 years of expertise in affordable housing development and urban planning to lead project strategy and community engagement initiatives.
Maria Del Mar Lopez
Co-Founder
Maria Del Mar Lopez co-founded M & M Development with Maria Yglesias in 1997. Her background in construction management and real estate development drives the company's focus on innovative design and sustainable building practices.
Questions
What types of housing does M&M Development specialize in?
We focus on affordable and market-rate housing, including apartments, condominiums, townhouses, and single-family homes designed for urban environments.
Which areas do you serve?
We primarily develop projects in Newark and Camden, New Jersey, with plans to expand to other urban areas across the state.
Do you offer financing options for homebuyers?
While we don't provide direct financing, we partner with institutions to connect buyers with affordable mortgage programs and down payment assistance.
What sustainability features do your buildings include?
Our projects incorporate energy-efficient appliances, solar panels, water-saving fixtures, and eco-friendly construction materials to reduce environmental impact.
How can I stay updated on new developments?
Visit our website regularly or contact our office directly to receive updates about upcoming projects and pre-construction opportunities.
Reviews (3)
Mujiba Parker
Jan 01, 2018
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I love my new home! M&M Development LLC created a community of great home-ownership products in an up-and-coming neighborhood of Camden, NJ. When I had a few minor issues with my home, M&M Development LLC fixed the items in a timely manner. I highly recommend the professional and ground-breaking work that the company does, particularly in areas that have sometimes been neglected. I greatly appreciate what they have done.
Wilberto Z.
May 24, 2017
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Very poor construction!!!! Wouldn't recommend very high premium price to live around housing authority. Very bad customer service an absolute FAIL !!!!!!
Eric M.
May 19, 2016
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This developer is operated by criminals who lie to you and do not uphold their ends of the bargain. They made me an offer to reimburse me which I in good faith accepted as i had it in writing. They decided a few weeks later to rescind this offer as they did not get the result from me that they wanted. They have cost me thousands of dollars in time and money and do not operate with integrity. Do yourself a favor and look elsewhere before doing business with M&M Development
