Capital One announced Wednesday that it will partner with a Chicago nonprofit to help solve the country’s affordable housing crisis through a $25 million program.

The program, called Scaling Pathways to Homeownership, is designed to invest in new ideas that will expand access to affordable housing. In collaboration with the Chicago nonprofit Lever for Change, it will award 10 finalists $200,000 in initial funding, plus technical assistance, to strengthen their proposals.

Five awardees will then be chosen in spring 2027 to receive an additional $4.6 million over five years to realize their proposals, according to the Capital One.

Applicants must be based in the U.S. and register by 5 p.m. on Dec. 17, with applications due on January 29, 2026.

“Some of the most effective housing solution

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