Advantage Capital Invests in VA Affordable Housing Development

Advantage Capital announced the financial closing of The Harbor at Quantico Creek. Funded in connection with the Virginia Housing Opportunity Tax Credit program, the development will deliver 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. “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,” said William Fiederlein, Vice President, Advantage Capital.

Developed in partnership with Pillar Church of Dumfries, the community will feature amenities, including a fitness center, library, and more. “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.