Advantage Capital Finances Affordable Housing Development in Rural Virginia
Retrieved on:
Tuesday, December 5, 2023
Construction & Property, Finance, Urban Planning, Public Policy, Government, Professional Services, Socially Responsible Investing, State, Local, Asset Management, Residential Building & Real Estate, Virginia House of Delegates, Policy, Organization, Investment, Associate, Delegate, Virginia House, AMI, Capital, Virginia Housing Development Authority, Rehabilitation, Veteran, Housing, HOTC, Business, Renewable energy
“The legislation to increase access to affordable homes for Virginians is an incredibly important and impactful policy,” said Delegate Tommy Wright, Virginia House of Delegates.
Key Points:
- “The legislation to increase access to affordable homes for Virginians is an incredibly important and impactful policy,” said Delegate Tommy Wright, Virginia House of Delegates.
- “We have invested in affordable housing developments across the country, supporting more than 9,000 housing units for low-income families and are particularly excited about making our first investment in Virginia under the HOTC program,” said William Fiederlein, Vice President at Advantage Capital and Business Development lead in Virginia.
- “Work is well underway to do what we do best – funnel flexible investment capital to the people and places that need it most.”
Partnering with Gateway Development Associates and NFP Affordable Housing Corp. to develop the project, Advantage Capital will help finance the rehabilitation of Mecklenburg Manor, a 51-unit property in South Hill, Virginia, a rural town 80 miles south of Richmond. - Advantage Capital participates in state and federal tax credit programs to help 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 in America.