Volumod

New Markets Tax Credit Coalition

Indianapolis,
IN
(2021)

Volumod

College or Vocational Training, Manufacturing

Acquisition, renovation, and equipping of a 245,000 sq. ft. warehouse into a volumetric modular housing production facility with space to incubate/accelerate social enterprises that will deliver transportation, excavation, landscaping, electrical, plumbing, fencing, decking and other housing related services.

Investment

NMTC Amount: $11,050,000
Total Project Cost: $12,372,938

IMPACT

247 FTE jobs
24 construction jobs
At least 20% of the workforce will be participants in a Re-Entry Program, an alternative sentencing work release program.
245,000 sq. ft. of real estate

CDEs

FirstPathway Community Development, PNC

Investor

PNC

Project Description

Acquisition, renovation, and equipping of a 245,000 sq. ft. warehouse into a volumetric modular housing production facility with space to incubate/accelerate social enterprises that will deliver transportation, excavation, landscaping, electrical, plumbing, fencing, decking and other housing related services. The facility will also include space for an existing building supplies tenant. The newly rehabbed facility will allow Volumod to create 24 temporary construction jobs and 150 perm jobs at the modular housing factory. At least 20% of the workforce will be participants in a Re-Entry Program, an alternative sentencing work release program.

MAP

Address: 3049 North Post Road, Indianapolis, IN 46226

Census Tract: 18097360402

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