News / Events | Dudley Ventures

Nov 10 2014

$26.5 Million Development in Brooklyn, New York Will Provide 87 Brand New Homes for Low-Income Families including 26 Units for U.S. Veterans

L+M Development Partners in partnership with Bell Urban LLC and the City’s Department of Housing Preservation and Development (HPD), Housing Development Corporation (HDC) along with the U.S. Department of Veterans Affairs (VA) and partners, today announced the opening of Utica Place, a mixed-used project in Crown Heights, Brooklyn. The new development consists of two buildings: a 12-story affordable rental building and a four-story commercial building that includes community facility space and a daycare center.

Oct 23 2014

The Novogradac Journal of Tax Credits Hosts Community Development QLICI of the Year Awards Ceremony

The Novogradac Journal of Tax Credits hosted the Community Development QLICI of the Year Awards Ceremony at the Novogradac New Markets Tax Credits Conference in New Orleans, Louisiana. DV Community Investment, alongside Goldman Sachs and the Low Income Investment Fund, proudly accepted the Metro QLICI of the Year Award for the Broadway Marketplace project in New York, New York.

Sep 19 2014

Broadway Marketplace at the George Washington Bridge Receives Metro QLICI of the Year Award

The Novogradac Journal of Tax Credits announced the winners of the 2014 Community Development Awards, which recognize exceptional achievement in community development using the new markets tax credit (NMTC). Winning investments and their development teams will be honored in a ceremony at the Novogradac New Markets Tax Credit Conference, October 23-24, 2014. DVCI is proud to have received the Metro QLICI of the Year Award for the highly impactful Broadway Marketplace at the George Washington Bridge Project.

Jul 24 2014

New Markets Tax Credit Public Data Release: 2003-2012 Summary Report

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) today released data collected on New Markets Tax Credit investments across the nation through fiscal year 2012.

Jun 18 2014

Old Buildings, New Uses: Phoenix Preserves History - Arizona Republic, Amy B Wang

Dudley Ventures is pleased to have been included in this informative article highlighting some of Phoenix's successful adaptive-reuse projects.

Jun 9 2014

CDFI Fund Releases its 2014 NOAA

The U.S. Department of the Treasury's Community Development Financial Institutions Fund (CDFI Fund) released the 2014 Notice of Allocation Availability (NOAA) for the 2014 Round of up to $5 billion in New Markets Tax Credits, pending Congressional authorization of the Program.

Jun 5 2014

CDFI Fund Awards $3.5 Billion in NMTC Allocation

The Community Development Financial Institutions Fund has announced the 87 Community Development Entities who were selected to receive New Markets Tax Credit allocations under the calendar year 2013 round. The New Markets Tax Credit allocations awarded totaled $3.5 billion in tax equity.

Jun 1 2014

Stakeholders Say Scarce Renewable Energy Tax Equity Spurs Innovative Financing

Expiration of the renewable energy production tax credit (PTC) at the end of 2013 and the anticipated step-down of the investment tax credit (ITC) from 30 percent to 10 percent after 2016 have set the stage for interesting changes in the renewable energy market, even while the fight to secure the future of these government incentives in discussions of potential tax reform remains in the national spotlight.

Jan 3 2014

Roswell Park Cancer Institute - NMTCs Close Funding Gap on Cancer Center Expansion

A collective $30.5 million in federal New Markets Tax Credits from four Community Development Entities is helping to build a new 142,000-square-foot Clinical Sciences Center for Roswell Park Cancer Institute in Buffalo, N.Y. The $47 million project broke ground last spring and is one of several recent expansions to the Buffalo Niagara Medical Campus, a consortium of medical, research and educational institutions.

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