February 4, 2025
ST. LOUIS – – Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, announced today the financial closing of The Harbor at Quantico Creek. Funded in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program, this development will deliver critical affordable housing for seniors in the Town of Dumfries, Virginia.
The Harbor at Quantico Creek will include 125 units of affordable housing with 81 one-bedroom and 44 two-bedroom apartments, serving households aged 62 and older.
“This investment underscores Advantage Capital’s commitment to fostering impactful, sustainable housing developments that address community needs,” said William Fiederlein, Vice President, Advantage Capital. “Housing costs have risen dramatically in the Washington metropolitan area, and The Harbor at Quantico Creek will provide much-needed affordable housing for our area seniors.”
The Harbor at Quantico Creek addresses the need for senior housing in Prince William County by offering affordable living options, helping to meet the growing demand in one of Virginia’s fastest-expanding regions.
“This development is a reflection of our commitment to creating quality, affordable housing that meets the needs of seniors in our communities,” said Robert Byrne, Vice President, Community Housing Initiative. “We are proud to work with Advantage Capital and other partners to bring The Harbor at Quantico Creek to life.”
Advantage Capital, which supported and actively advocated for the HOTC program alongside other organizations and entities, participates in state and federal tax credit programs to help developers finance housing developments and increase access to safe, high-quality, and affordable homes for low-income families, veterans, public service workers and other vulnerable populations in America.
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About Advantage Capital
Advantage Capital is a leading impact investment firm with an emphasis on driving capital to underserved areas. The firm provides flexible financing to growth-ready entrepreneurs and industries located in communities that often lack access to conventional sources of capital. Since 1992, the firm has invested more than $4 billion in more than 900 companies to support more than 70,000 quality jobs. The firm also invests with intention in affordable housing developments and renewable energy solutions to grow economies and communities. Learn more at Advantagecap.com.
Contacts:
Advantage Capital
Joe Stosberg, Communications Manager
Advantage Capital is an Investment Adviser registered with the U.S. Securities & Exchange Commission. Such registration, however, does not imply a certain level of skill or training. This release has been prepared for informational purposes and to announce a prior event, and nothing herein should be construed as an offer of investment advisory services or as an offer to sell or a solicitation of an offer to purchase any securities or investment product. All offers of investment interests in any fund or investment vehicle managed directly or indirectly by Advantage Capital are and will be made only to qualified prospective investors pursuant to separate and definitive offering and subscription documents in accordance with applicable federal and state securities laws. Advantage Capital is an equal opportunity provider.
