Annual Impact
Report

2025 - 2026

A Message From Our Leaders

 

From strengthening domestic industry and expanding energy capacity to addressing housing shortages and supporting communities across the country, this is a pivotal moment for investment in America. At Advantage Capital, we are meeting the moment with intention—by investing with an emphasis on outcomes.

As an impact investment firm, we invest for outcomes that generate strong financial returns alongside meaningful, measurable results. We support businesses that build and manufacture in America, and back entrepreneurs creating quality jobs. We actively expand access to affordable, stable housing opportunities across the country, while investing in energy projects that enhance reliable infrastructure, strengthen energy security, and support long-term economic growth.

Stull-Cut

Steven Stull

PRESIDENT

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Sandra M. Moore

MANAGING DIRECTOR &
CHIEF IMPACT OFFICER 

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Turning Capital into Outcomes

 

Our approach is grounded in investing for outcomes—deploying capital to small businesses, affordable housing, and energy infrastructure to drive job growth and economic strength across undercapitalized communities.

OUR OVERARCHING IMPACT

To date, together with our partners, we have invested
$5 Billion+

Advancing Investor Solutions

We help investors deploy capital in ways that generate both meaningful impact and competitive returns, leveraging decades of experience across federal and state tax credit programs. By converting tax liabilities into investment opportunities, we connect institutional capital with projects that create jobs, expand energy infrastructure, and deliver affordable housing in undercapitalized communities.

With our tax credit program experience and expertise, we have placed:

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$3.3B+

in small business
tax credits

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Affordable Housing Icon
$1.6B+

in low-income housing
tax credits

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$2.6B+

in energy
tax credits

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Thank You to Our Partners and Investors
 
Our ability to invest for outcomes is strengthened by the collaboration partners, policymakers, investors, and agencies. Together, we extend our reach, deploy capital with intention and create lasting impact. It is a collective effort, and we are grateful for our partners’ shared commitment to this work.