We are pleased to announce that DV Community Investment has received its second New Markets Tax Credit allocation in the amount of $65,000,000 in the 9th NMTC Allocation Round. DVCI was awarded $35,000,000 in the 8th NMTC Allocation Round and has 82% deployed to date. DVCI’s allocation will be directed to financing activities which create and retain quality jobs in communities of concentrated unemployment in three specific areas: (i) community facilities financing including real estate, with an emphasis on health care and education, (ii) community-oriented project financing predominantly comprised of mixed-use projects, and (iii) business loans which focus on “new industry” sectors and “green” jobs, such as alternative energy companies.
Dudley Ventures is an investment and advisory services firm specializing in congressionally sanctioned tax credits and other tax advantaged transactions. Dudley Ventures and its affiliates have invested in and manage $1 billion in tax credit investments and its investor base includes national, regional and local financial institutions and a broad range of corporate America.
Through its development arm, Dudley Ventures directly invests in real estate and alternative energy projects utilizing various tax credit programs and other direct and indirect subsidiaries.
Dudley Ventures was established over 13 years ago. Dudley Ventures is headquartered in the warehouse district located in downtown Phoenix, Arizona.