Cases & Deals

Capital One finances mental health care facility in Connecticut, in part by new markets tax credits

Clients Capital One Bank, N.A.

Jones Day represented Capital One, N.A. in connection with its financing of an administrative building for a mental health care facility in New Haven, Connecticut, structured in part by new markets tax credits. The transaction involved investments by Capital One in four community development entities (CDEs) and loans totaling $12,705,000 by those CDEs to the mental health care facility. The project was also financed in part by a grant from the State of Connecticut.