St. Louis -- 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 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.

Read the full press release here.