Welcome To NEW Capital
NEW Capital, LLC began operations in 1998. The property management company was formed by the nonprofit, NEW Economics for Women, to address a gaping hole in the industry’s response to hardships faced by families living in affordable and low-income housing developments.
NEW Capital, LLC was created to provide a different kind of high-touch property management service. 100% of NEW Capital's profits are reinvested back into the social equity programs and services provided by NEW Economics for Women. Through this partnership and our unique asset building services, NEW Capital helps to increase tenants’ financial stability and decrease property owners’ risk and revenue loss due to vacancies. After almost 20 years, we remain true to that mission today.
As bilingual property managers we engage and empower residents with opportunities for self-advancement and a pathway to success based on their economic goals. NEW Capital’s Housing Management Plus™ program goes above and beyond property management, connecting residents with the critical services they need to get ahead.
Tenants have free access to customer-focused, age-appropriate programs for the entire family. All residents are encouraged to participate in after-school enrichment programs, supportive and financial services referrals, and workshops on family cohesion and parenting, technology, financial asset-building, and homeownership.
Every level of management, from our CEO to the building superintendent, is dedicated to ensuring success and opportunities for the upward mobility of our tenants. NEW Capital reduces risk to property owners and protects their investments through the diligent selection of tenants, thorough evaluation of resident communities and customized building services.
These asset-building services stabilize occupancy, and maintain excellent compliance. We are experts in federal, state, and local regulatory compliance and specialize in tax credit properties
All of NEW Capital’s founding members formerly held positions within NEW Economics for Women. Their uniting mission to help low-income families grow out of poverty drives the company’s social mission, while their proven business savvy ensures the organization's continual growth.
Bea is an accomplished businesswoman, social entrepreneur, visionary leader, and pioneer in the economic development/asset building field. As the CEO of New Capital LLC, she manages multi-million dollar portfolios of affordable housing, business, and economic development. She is a passionate leader who combines her business acumen with her commitment to creating communities that allow underserved Latino families to thrive.
Director of Property Management and Compliance
Esmeralda efficiently and effectively manages property compliance as the Compliance Manager. She brings strong customer service skills to her daily interactions with agencies and clients alike. With over ten years of experience, she handles all compliance documents, files, and legal matters daily. She is a certified TCAC Analyst, Compliance Analyst, Section 8 Analyst, and a Yardi Property Management System expert. She goes above and beyond to help families understand the complexities and responsibilities of their tenancies.
Carlos Simoes oversees operations at all properties in New Capital’s portfolio, including seven city properties. He is detailed oriented and constantly working to find better solutions for the company. As a business entrepreneur from Venezuela, he ensures that customer satisfaction is met and work is completed in a timely manner. Carlos is a champion of teamwork and team building. He takes great pride in his employees and in the buildings he runs.