William Fiederlein was recently on WSVA to spotlight the Virginia Housing Opportunity Tax Credit (HOTC) program—an essential tool to help expand affordable housing across the Commonwealth.

On air, William broke down how the program works, its impact to date, and why its recent renewal matters for Virginia communities.

Listen to the full interview here:

Short on time? Here are some of the key takeaways…

What Is the Virginia HOTC Program?
The Virginia HOTC program complements the federal Low-Income Housing Tax Credit (LIHTC) program, providing critical funding to help developers finance affordable housing. Since its launch four years ago, the program has supported the construction of nearly 800 affordable housing developments across Virginia. Recently reauthorized for another five years, the HOTC program remains a powerful resource to address the state’s housing needs.

HOTC in Action

To date, Advantage Capital has helped finance seven projects across Virginia, creating or supporting more than 750 affordable homes. Examples include: 

  • Telestar Court (Falls Church): A $51 million office-to-residential conversion delivering 80 affordable homes for low- to moderate-income residents.
  • Kindlewood Phase II (Charlottesville): A $68 million redevelopment adding 100 new affordable homes—half replacement units, half new construction.
  • The Harbor at Quantico Creek (Dumfries): A senior housing development bringing 125 affordable units for residents aged 62+.
  • ZeroPak (Winchester): One of the first projects to combine the HOTC with the Virginia Historic Rehabilitation Tax Credit, this 121-unit development marks Winchester’s first new family-focused affordable housing since 1999.

Learn More
For more on Advantage Capital’s affordable housing efforts in Virginia, contact William Fiederlein at wfiederlein@advantagecap.com.