### Advantage Capital Invests in Virginia Affordable Housing Development
Advantage Capital has announced the financial closing of The Harbor at Quantico Creek, a new affordable housing development for seniors in the Town of Dumfries, Virginia. This project is funded through the Virginia Housing Opportunity Tax Credit program and aims to address the growing need for affordable senior housing in the region.
The Harbor at Quantico Creek will feature 125 units, including 81 one-bedroom and 44 two-bedroom apartments, designated for 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 of Advantage Capital.
Developed in partnership with Pillar Church of Dumfries, the community will offer various amenities, such as a fitness center and a library, to enhance residents’ quality of life. “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 of Community Housing Initiative.
About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax (www.griffintax.com) and REVVED Up Accounting (www.revvedupaccounting.com). In addition, Steve founded Madison Avenue Technology (www.madisonave.tech). With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.
