Advantage Capital, an impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, announced the financial closing of The Harbor at Quantico Creek. Funded in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program, this development will provide essential affordable housing for seniors in the Town of Dumfries, Virginia.
The Harbor at Quantico Creek will include 125 affordable housing units with 81 one-bedroom and 44 two-bedroom apartments, serving households aged 62 and older.
The Harbor at Quantico Creek addresses the need for senior housing in Prince William County by providing affordable living options, helping to meet the growing demand in one of Virginia’s fastest-expanding regions.
Advantage Capital, along with other organizations and entities, supported and actively advocated for the HOTC program. It 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.
KEY QUOTES:
“This investment underscores Advantage Capital’s commitment to fostering impactful, sustainable housing developments that address community needs. 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.”
- William Fiederlein, Vice President, Advantage Capital
“This development is a reflection of our commitment to creating quality, affordable housing that meets the needs of seniors in our communities. We are proud to work with Advantage Capital and other partners to bring The Harbor at Quantico Creek to life.”
• ⁃ Robert Byrne, Vice President, Community Housing Initiative
