Cases & Deals

Capital One finances construction of charter school in New Orleans, structured in part to generate new markets tax credits

Clients Capital One Bank, N.A.

Jones Day represented Capital One Bank, N.A., in connection with the financing of the construction of a charter school in New Orleans, Louisiana. The transaction was structured in part to generate new markets tax credits and involved investments by Capital One in two community development entities (CDEs) and loans totaling $9 million by those CDEs to an affiliate of the New Orleans School Facility Finance Foundation.