Advantage Capital, a leading impact investment firm that invests with intention in underserved areas and expands access to affordable housing opportunities across the country, has announced the financial closing for Kindlewood Phase II—a $68 million redevelopment in Charlottesville, Va.

The firm leveraged $9.6 million in state Low-Income Housing Tax Credits (LIHTCs) in connection with the Virginia Housing Opportunity Tax Credit (HOTC) program, an essential tool for expanding the supply of affordable housing across the commonwealth.

Read full press release here.