Advantage Capital Advances Affordable Housing with The Harbor at Quantico Creek
Portfolio | Feb 04, 2025 | Advantage Capital
Advantage Capital, a prominent impact investment firm, has announced the financial closing of The Harbor at Quantico Creek, a development meant to provide affordable housing specifically for seniors in Dumfries, Virginia. This initiative aligns with the Virginia Housing Opportunity Tax Credit (HOTC) program and will feature 125 units, including 81 one-bedroom and 44 two-bedroom apartments, aimed at residents aged 62 and older. The investment is part of Advantage Capital’s broader commitment to fostering sustainable housing developments in underserved communities, addressing significant needs in the fast-growing Prince William County area. Additionally, the firm works with state and federal tax credit programs to finance such initiatives, expanding access to affordable housing for vulnerable populations, including veterans and public servants. With a strong track record of over $4 billion investment in companies to support job creation and economic growth, Advantage Capital continues to drive significant impacts within underserved regions.
Sectors
- Impact Investment
- Real Estate Development
- Affordable Housing
Geography
- United States – Advantage Capital operates within the U.S., focusing on areas like Dumfries, Virginia.
- Virginia – The affordable housing project is located in the Town of Dumfries, Virginia.
Industry
- Impact Investment – The article discusses Advantage Capital's investment in affordable housing for underserved communities.
- Real Estate Development – The focus on developing affordable housing signifies direct involvement in the real estate sector.
- Affordable Housing – Advantage Capital's project relates to providing affordable housing options to senior citizens in Virginia.
Financials
- 125 housing units – The new development will include a total of 125 affordable housing units.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Advantage Capital | Investor | Company | Impact investment firm providing capital to underserved areas, focusing on affordable housing and renewable energy solutions. |
| The Harbor at Quantico Creek | Target | Development | Upcoming affordable housing project in Dumfries, Virginia catering to seniors. |
| Virginia Housing Opportunity Tax Credit (HOTC) | Tax Credit Program | Government | Program used to finance affordable housing projects in Virginia. |
| Community Housing Initiative | Partner | Company | Collaborated with Advantage Capital for the affordable housing project. |