Advantage Capital Leads Investment in Kansas City-Based Affordable Housing Development
2024年10月9日 - 11:07PM
ビジネスワイヤ(英語)
The Oak Park Townhomes will bring more than 20
affordable units to Kansas City, offering important on-site social
and family services
Advantage Capital, a leading impact investment firm that invests
with intention in underserved areas and expands access to
affordable housing opportunities across the country, today
announced the financial closing of The Oak Park Townhomes. The new
construction in Kansas City, Mo. will offer affordable units to
households at 40-, 50- and 60-percent of the area median
income.
The financing was made in connection with the Federal and
Missouri Low Income Housing Tax Credit (LIHTC) programs, which
provide credits to incentivize investment and accelerate affordable
housing development.
“We are proud to participate in these important programs and be
part of the housing solution in Kansas City,” said Michael
Dubansky, Vice President, Advantage Capital. “Through our
participation, we have been able to support thousands of affordable
units for families across Missouri. And Oak Park Townhomes is a
fantastic example of what we can achieve through the
program—bringing quality housing with critical services to families
in need.”
Once complete, Oak Park Townhomes will have a part-time service
coordinator from Phoenix Family, a Kansas City-based nonprofit that
empowers people living in low-income housing communities with the
on-site support they need to gain stability and achieve
self-sufficiency. Additionally, The Salvation Army of Kansas and
Western Missouri will provide Veteran services, and First Call will
provide substance abuse recovery, counseling and education.
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.
About Advantage Capital
Advantage Capital is a leading impact investment firm with an
emphasis on driving capital to underserved areas. The firm provides
flexible financing to growth-ready entrepreneurs and industries
located in communities that often lack access to conventional
sources of capital. Since 1992, the firm has invested more than $4
billion in more than 900 companies to support more than 70,000
quality jobs. The firm also invests with intention in affordable
housing developments and renewable energy solutions to grow
economies and communities. Learn more at Advantagecap.com.
Advantage Capital is an Investment Adviser registered with the
U.S. Securities & Exchange Commission. Such registration,
however, does not imply a certain level of skill or training. This
release has been prepared for informational purposes and to
announce a prior event, and nothing herein should be construed as
an offer of investment advisory services or as an offer to sell or
a solicitation of an offer to purchase any securities or investment
product. All offers of investment interests in any fund or
investment vehicle managed directly or indirectly by Advantage
Capital are and will be made only to qualified prospective
investors pursuant to separate and definitive offering and
subscription documents in accordance with applicable federal and
state securities laws. Advantage Capital is an equal opportunity
provider.
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version on businesswire.com: https://www.businesswire.com/news/home/20241009613635/en/
Advantage Capital Joe Stosberg, Communications Manager
jstosberg@advantagecap.com 314-480-3336