Silver Spring Affordable Housing Breaks Ground 

Green Street Housing and Capital One have broken ground on Sligo Apartments in Silver Spring, MD. Valued at $55 million, this development aims to provide 98 units of affordable housing, including specialized units for individuals with disabilities, promoting self-sufficiency through tailored services, educational programs, and job training. 

Capital One contributed $28.9 million in construction debt and $25.6 million in LIHTC equity investment, alongside $10.5 million in Freddie Mac debt loans. “At Capital One, we understand that financing the creation and preservation of affordable housing is essential to addressing the ongoing crisis across the nation, and especially in Montgomery County,” said Ed Delany, Senior Capital Officer for Community Finance at Capital One.