News / Events | Dudley Ventures

May 5 2016

South Bend Tribune - Studebaker tech project lands almost $23 million to rehab former plant

The enormous job of rehabilitating a former Studebaker factory at the southern end of downtown is shifting into a higher gear. The local company that's turning the old assembly plant into a technology hub announced Wednesday that it has secured $22.9 million in financing to move ahead with the project. The complex consists of three connected buildings along Lafayette Boulevard, south of the railroad viaduct across from Four Winds Field and Union Station Technology Center.

May 4 2016

Studebaker Innovation Center Receives Huge Boost With NMTCs

RDistrict One LLC is pleased to announce the $22.9 million financing of the restoration and adaptive reuse of the Studebaker assembly complex into a mixed-use innovation center, providing manufacturing, training, education, technology firm and incubator space in the Renaissance District in South Bend, Indiana.

Feb 5 2016

Commercial Appeal - Crosstown Concourse Construction Exceeds Minority Contract

While the small volume of minority contracting has created controversy elsewhere in Memphis, the $200 million renovation under way in Midtown at the old Sears tower shows minority businesses are open and ready to work.

Jan 21 2016

Financiers Show Growing Interest in Urban Farming

AeroFarms' new facility at Makers Village in Newark, New Jersey will be the world’s largest vertical farm when it opens in a converted steel factory and will produce up to two million pounds of herbs and leafy greens each year. The project will create approximately 80 full-time, permanent jobs, and AeroFarms has partnered with local community organizations to hire local residents. DV Community Investment is proud to have been part of this sustainable and innovative NMTC project.

Dec 18 2015

PATH Act of 2015 Extends Tax Credit Programs

The tax-extending, $680 billion Protecting Americans From Tax Hikes Act of 2015 was today signed by President Barack Obama. The bills include an extension to the New Markets Tax Credit through 2019, at $3.5 billion annually, a permanent extension of the minimum 9 percent Low-Income Housing Tax Credit, and also extend the Investment Tax Credit and Production Tax Credit through 2021.

Oct 21 2015

DVCI Receives 2015 Novogradac JTC Award Chicago, Illinois

The Novogradac Journal of Tax Credits today honored the winners of the 2015 Community Development QLICIs of the Year Awards at the Novogradac New Markets Tax Credit Conference in Chicago. The awards recognize community development entities that made exceptional qualified low-income community investments in the past year. DV Community Investment, LLC is proud to have won the award in the category of Real Estate QLICI for the Crosstown Concourse project. Jim Howard was in attendance to accept the Crosstown Concourse Real Estate QLICI of the Year Award on behalf of the CDE partners, lenders, and developers.

Sep 30 2015

Commercial Appeal - Financing for Crosstown Concourse Wins National Award

The massive Crosstown Concourse redevelopment is so aspirational that the half-dozen "entities" that subsidized the project's financing have just won a national award. The 2015 honor was bestowed by Novogradac Journal of Tax Credits, an authoritative source on the tax credit industry, including the New Market Tax Credit program. That 15-year-old federal program is designed to help revitalize low-income neighborhoods like the one surrounding Crosstown Concourse by making more capital available for projects that create jobs.

Sep 10 2015

Rural Businesses Set to Create Green Jobs with NMTCs

The cities of Thomaston and Cordele have more in common than their location in central Georgia. Both are rural, manufacturing communities and both have suffered thousands of job losses over shuttered factories. Now both are bringing back jobs and rebuilding their local economies with the expansion of two green businesses.

Jul 22 2015

The Residence at Village Green – Grand Opening Colorado Springs, Colorado

The Residence at Village Green celebrated their Grand Opening today of the 28,150 square-foot assisted living facility in Colorado Springs, Colorado. The affordable housing facility has 44 units with 58 bedrooms and is a single-story structure designed to provide for an interior courtyard and simple design to fit well within the neighborhood. Village Green provides care to the elderly and those with special needs. Half of the units are set aside for households with less than 60% of area median income.

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