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Capital Bank Corporation

Bank offers $1.3 million for Md. affordable housing projects

The Federal Home Loan Bank of Atlanta has agreed to provide $1.3 million to fund affordable housing projects in Baltimore and Cecil County, Maryland's U.S. senators announced Wednesday.

"As a senior member of the Senate Appropriations Committee, I have fought to put funds in the federal checkbook to develop affordable housing," Senator Barbara Mikulski said in a joint statement with Senator Ben Cardin.

Developers will work with local member institutions of the Atlanta-based community development bank to construct or renovate 128 residential units, the senators said.

In North East, Capital One Bank will be working with the Housing Initiative Partnership Inc....