Monday, June 8, 2015
Capital One Launches Fund to Assist Nonprofit Developers
Capital One announced the launch of its Blueprints to Buildings Fund (B2B Fund) that will aid nonprofit developers in their predevelopment and project planning efforts to build affordable housing.
The company has selected six nonprofits—three in New York City and three in the Washington, D.C. metropolitan area—to participate in the fund, representing a commitment of up to $3.9 million in grants and loans.
Over the next three years, the nonprofits will complete predevelopment activities for several new housing initiatives that could create nearly 1,000 units of affordable housing....