Supporting the National Urban League’s Return to Harlem
Capital One’s New Markets Tax Credits team provided financing to support the civil right's organization's new headquarters
Capital One supported the development of the Urban League Empowerment Center for the National Urban League (NUL) in Harlem, New York. The $242 million, 414,000-square-foot Urban League Empowerment Center marks the historic civil rights organization's return to the neighborhood in which it was founded in 1910.
Capital One’s New Markets Tax Credit (NMTC) team provided $13 million in financing for the project as part of the larger Capital One Impact Initiative. The Empowerment Center includes offices for NUL and other local nonprofit organizations, a conference center, and the Urban Civil Rights Experience Museum.
“This is the most significant project built in Harlem in 50 years,” says Marc Morial, President of the NUL. "Education is a passport to a better life. It not only creates citizens who are ready for the workforce but it also produces people who are prepared for their civic responsibilities."
Dedicated to economic empowerment, equality and social justice, the NUL currently serves more than two million individuals in 300 communities across the country through its 90 local affiliates.