Advantage Capital has recently completed the financial closing for The Harbor at Quantico Creek, a new affordable housing development in Dumfries, Virginia. This project is made possible through funding from the Virginia Housing Opportunity Tax Credit program and will provide much-needed affordable housing for seniors in the area.
The community will consist of 125 units, including 81 one-bedroom and 44 two-bedroom apartments designed specifically for households aged 62 and older. According to William Fiederlein, Vice President of Advantage Capital, this development is crucial as housing costs continue to rise in the Washington metropolitan area.
Partnering with Pillar Church of Dumfries, The Harbor at Quantico Creek will offer amenities such as a fitness center and library to its residents. Robert Byrne, Vice President of Community Housing Initiative expressed their commitment to creating high-quality affordable housing that meets the needs of seniors within their communities through this project.
