Advantage Capital has closed financing for The Harbor at Quantico Creek, a development providing 125 affordable housing units for seniors in Dumfries, Virginia, supported by the Virginia Housing Opportunity Tax Credit program.

Target Information

Advantage Capital, a prominent impact investment firm, has successfully completed the financial closing for The Harbor at Quantico Creek, an essential development aimed at enhancing affordable housing for seniors in Dumfries, Virginia. This project, supported by the Virginia Housing Opportunity Tax Credit (HOTC) program, will create 125 affordable housing units, comprising 81 one-bedroom and 44 two-bedroom apartments specifically designed for households aged 62 and older.

This initiative addresses a critical demand for senior housing in Prince William County, providing affordable living options in one of Virginia's rapidly growing regions. The project is part of Advantage Capital's broader commitment to fostering sustainable housing solutions that meet community needs.

Industry Overview in Virginia

The affordable housing sector in Virginia faces significant challenges, particularly in the context of rising housing costs in metropolitan areas such as Washington, D.C. With an increasing population of seniors, the demand for affordable, accessible living spaces is more