New senior VP to accelerate affordable housing investment initiatives
Advantage Capital, an impact investment firm, is expanding its state low-income housing tax credit (LIHTC) business line with the addition of Natalie Moretz (pictured) as its new senior vice president.
Moretz, a 17-year real estate banking industry veteran, will be responsible for originating investor tax credit equity for the firm’s state LIHTC funds. She will work with the existing team to assist developers in financing new construction, rehabilitation, and mixed-use developments.
Prior to joining Advantage Capital, Moretz held senior positions at Berkadia Commercial Mortgage as vice president of mortgage banking originations, AllianceBernstein as vice president, and Citigroup Global Markets as director of community development real estate banking.
“We are thrilled to welcome Natalie to the team,” Advantage Capital managing director Cindy Colvin said in a Press release. “With a well-documented track record of success in the industry, Natalie will play an important and essential role in our affordable housing investment strategy.”
“I am excited and eager to join this talented team and accelerate the firm’s already impressive growth within the affordable housing space,” Moretz said. “Affordable housing finance is increasingly important in America, and we are ready to expand our footprint in the industry.”
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Advantage Capital has a 30-year history in impact investing and has syndicated more than $2.4 billion in state tax credits and $2.3 billion in federal credits. The firm is currently active in state LIHTC programs across 13 states, including Arizona, Arkansas, Colorado, Georgia, Hawaii, Kansas, Missouri, Nebraska, Oklahoma, South Carolina, Utah, Virginia, and Wisconsin.
Since its inception in 1992, Advantage Capital has invested over $4 billion in more than 900 companies, supporting over 67,000 jobs. The firm focuses on driving capital to underserved areas and invests in affordable housing developments and renewable energy solutions.
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