IndieDwell

Investment

  • NMTC Amount: $13,000,000
  • Total Project Cost: $13,000,000

IMPACT

  • 171 FTE jobs
  • 113 construction jobs

Investor

Project Description

Finances working capital and operations support needed to increase the capacity and workforce of a modular housing production facility. This investment will allow the sponsor to increase its capacity and workforce by up to three times its current level. indieDwell is a mission driven 501c3 manufacturing company that creates modular housing solutions for affordable housing developers. Their aim is to produce dwellings that are better for occupants’ health, improve the health of the environment through the use of recycled and environmentally friendly materials, and empower communities. At capacity, the Pueblo site will produce up to 800 housing units per year and employ 170 workers. NMTC financing was used primarily to fund working capital related to the Pueblo manufacturing site’s expansion.

MAP

Address: 205 North Elizabeth Street, Pueblo, CO 81003

Census Tract: 8101003500

Other Colorado Projects

An $18 million NMTC transaction financed the ground-up construction of a four-story mixed-use development with a health center and healthy food retailer.
INDUSTRY Denver turned a former warehouse into a mixed-use building with offices, retail, and a business incubator.
Supported the construction of a new facility to provide mental health inpatient psychiatric care and remodeling an adjacent facility to provide outpatient psychiatric care in a Medically Underserved Area.

A provider of congregate living quarters including sleeping, community space, and hub for social enterprise and workforce development activities.