Oak Park Townhomes brings more than 20 affordable units to Kansas City and provides important on-site social and family services.
ST. LOUIS, Oct. 9, 2024–(BUSINESS WIRE)–Invest with purpose in underserved areas and increase access to affordable housing opportunities across the United States. Advantage Capital, a leading and expanding impact investment firm, today announced the financial results of Oak Park Townhomes. . New construction in Kansas City, Missouri, will provide affordable housing to households making 40, 50 and 60 percent of the area median income.
This funding was made in conjunction with the federal and Missouri Low Income Housing Tax Credit (LIHTC) program, which provides credits to encourage investment and promote affordable housing development.
“We are proud to participate in these important programs and be a part of Kansas City’s housing solutions,” said Michael Dubansky, vice president of Advantage Capital. “Through our participation, we have been able to support thousands of affordable units for families across Missouri, and Oak Park Townhomes has been able to support thousands of affordable units for families across Missouri. This is a great example of what we can accomplish through this program: providing quality housing to families in need.”
Upon completion, Oak Park Townhomes will have a part-time service coordinator from Kansas City-based nonprofit Phoenix Family. Phoenix Family aims to provide people living in low-income housing communities with the on-site support they need to gain stability and achieve self-sufficiency. . In addition, the Salvation Army of Kansas and western Missouri provides veteran services, and First Call provides substance abuse recovery, counseling and education.
Advantage Capital participates in state and federal tax credit programs to help finance housing developments and provide safe, high-quality, affordable housing for America’s low-income families, veterans, public servants, and other vulnerable populations. Increasing access to affordable housing.
About Advantage Capital
Advantage Capital is a leading impact investment firm focused on putting capital into underserved areas. The company provides flexible financing to entrepreneurs who are ready for growth and industries located in regions that do not have access to traditional funding sources. Since 1992, the company has invested more than $4 billion in more than 900 companies to support more than 70,000 quality jobs. The company also invests purposefully in affordable housing developments and renewable energy solutions to grow economies and communities. For more information, please visit Advantagecap.com.
Advantage Capital is an investment advisory firm registered with the Securities and Exchange Commission. However, such registration does not imply any particular level of skill or training. This release is for informational purposes and to announce previous events, and nothing in this release constitutes an offer to sell or buy any securities or investment products. It should not be construed as a solicitation. All offers of investment interests in funds or investment vehicles managed directly or indirectly by Advantage Capital are made by qualified prospective investments pursuant to a separate and final offering and application document in accordance with applicable federal and state securities laws. This is done only for houses. Advantage Capital is an equal opportunity provider.
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Joe Stosberg, Communications Manager
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