Capital One Bank Brings Free Training Program to Help Louisiana Nonprofits That Build Affordable Single-Family Homes in Local Neighborhoods

Alexandria (March 13, 2015) – Capital One Bank is partnering with Louisiana Housing Corporation and Louisiana Housing Alliance on an upcoming affordable housing program which will provide qualified employees of Louisiana nonprofits and community development entities with information necessary to successfully master the home development process for single-family residences.

 

This unique, hands-on development program combines classroom training with a skills-based practicum to cultivate a team of nonprofit housing developers to produce quality affordable housing projects. The program will hold its first session March 18-20 at the Louisiana Housing Corporation Office, 2415 Quail Drive in Baton Rouge.

 

NeighborWorks America, one of the nation’s leading nonprofit community development organizations, will design the course content and facilitate the classes.

 

The Greater Alexandria Economic Development Authority will participate in the program.

 

The free, new program seeks to address the shortage of capable, nonprofit housing developers that exists throughout Louisiana through three training components: classroom instruction, CAP Lab and project mentoring. Forty-two participants from 26 nonprofit organizations have been selected to learn about the home-construction permitting process, how to buy land, how to select the style of a house and how to select a contractor. During the course of the program, participants will jointly develop a house in Baton Rouge’s Mid City neighborhood while their classroom instruction takes place.

 

“Through an approach called ‘Investing for Good,’ Capital One is committed to delivering core banking services along with specialized community development, philanthropic and volunteer support to generate lasting, local community impact and valuable business results,” said Kermit Pharris, Central Louisiana Area President for  Capital One Bank. “We have a long-standing commitment to programs that improve the local communities of Louisiana, and this program is a testament to how we build economic opportunity through education, financial literacy and small business and workforce development.

 

“Non-profit and community development organizations are a vital piece of Louisiana’s affordable housing puzzle, and this training will provide valuable tools that they need to increase their capacity and expand safe and sanitary affordable housing opportunities for families in their communities,” said LHC Executive Director Fred Tombar, III. “The Affordable Housing Partnership will help to remove barriers that may have prevented those vital organizations from participating in the development of affordable housing.”

 

Through a partnership with Capital One Community Development Corporation, Louisiana Housing Alliance, Louisiana Housing Corporation, Mid-City Redevelopment Alliance and NeighborWorks, the seven-month program will offer this unique training opportunity to community housing development groups from across Louisiana. The full list of participating organizations includes:

 

  • From Alexandria – Greater Alexandria Economic Development Authority
  • From Lafayette /Opelousas – The Assist Agency; Community Directions, Inc.; and Seventh District Pavilion
  • From Baton Rouge – Urban Restoration Enhancement Corporation and Mid-City Redevelopment Alliance
  • From Lake Charles – Project Build a Future
  • From Monroe – Mt. Pleasant Development Corporation and Macon Ridge Community Development

From greater New Orleans – Newcorp, Inc.; Northshore Housing Initiative; Harmony Neighborhood Development; Lower 9th Ward Nena; Neighborhood Housing Services; People’s Organization for Social Equality, Inc.; Project Homecoming; St. Bernard Project; and  Jericho

  • From Houma – Quad Area CAA, Inc.; St. Mary Community Action Agency; Frances Special Services; 4-U Housing; Seventh District Pavilion; and The Assist Agency

From Shreveport – Image Changers; Northwest Louisiana Community Development Corporation; City of Shreveport; and SUSLA Community Development Corporation

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