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 Telestar Court—a $51 million office to residential conversion based in Falls Church, Va. The redeveloped site will deliver 80 affordable homes for low- to moderate-income residents.

The firm leveraged $15 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 the full press release here.