Capital One – Financing Supportive, Affordable Housing for Vulnerable Populations
Capital One provides a comprehensive and innovative approach to supporting affordable housing, a central part of creating healthy, thriving communities. We provide capital to finance a diverse range of affordable housing developments, including those built by nonprofits, local agencies and speciality developers. Since 2007, we have invested $11.6 billion in affordable housing, financed over 128,000 affordable housing units, and created more than 145,000 jobs.
Presented here are two properties that required creative approaches:
- Plaza West in Washington, DC has 50 affordable apartments reserved for “grandfamilies,” or older adults raising grandchildren or younger relatives.
- Harmon Apartments has 36 newly constructed apartments in Boston’s South Dorchester neighborhood, provides accessible supportive housing for people with ambulatory disabilities.