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Dakotas America Management Team

Lin Van Hofwegen, Managing Director


Lin Van Hofwegen, Managing Director
Lin Van Hofwegen has managed the operations of Dakotas America since its formation in 2005 and has led the CDE to receive 5 NMTC allocation awards, overseeing deployment of over $330M in total NMTC allocations. Recognized for her commitment to the people of distressed rural LICs, she has utilized NMTC benefits for severely distressed communities, which is an extension of her personal life. Previous to entering the nonprofit world of economic development, she had nine years of all-encompassing experience as a small business owner in a rural community. Lin is an NDC certified Economic Development Finance Professional and holds certificates in Christian Ministry and Spiritual Direction along with a Master of Arts in Christian Leadership. Van Hofwegen came to Dakotas America through its parent CDFI, Dakota Resources, where she served as VP of Operations.

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  Dustin Ludens, General Counsel/VP NMTC Portfolio Management
Dustin J. Ludens is the Senior Portfolio Manager for Dakotas America. Prior to his current position, he was a transactional attorney with MorganTheeler, LLP located in Mitchell, South Dakota. He earned a Bachelor of Arts in History and English at Dakota Wesleyan University and his Juris Doctor degree at the University of Nebraska where he served as an Executive Editor of the Nebraska Law Review. In addition to being admitted to practice law in South Dakota, Dustin is admitted to the U.S. District Court for the District of South Dakota. His practice focuses on business planning and transactions, commercial financing and real estate law. Dustin also serves as the South Dakota liaison on the American Bar Association Corporate Laws Committee. He is a faculty member for the MBA program at Dakota Wesleyan University and assisted in building the University’s distance learning and degree completion programs to bring business education to rural areas of the Midwest. Dustin has experience on both the CDE and QALICB sides of NMTC transactions. Dustin resides on a farm near White Lake, SD – population 372, where he farms and raises cattle.

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Jay Headley, VP of Finance


Jay Headley, VP of Finance
Jay Headley is a certified Economic Development Finance Professional who is instrumental in planning, organizing, implementing and evaluating the organization’s fiduciary operations including fiscal policies, controls and reporting systems. As Compliance Officer, Headley has experience evaluating and recording funder contracts, preparing required compliance and tracking documentation, providing oversight on draw packages, and compiling and analyzing data for internal and external reporting. He has been a vital asset in helping to place NMTC allocations with projects that have directly benefited low income communities throughout the country. Prior to joining DA, Headley worked as a Senior Financial Accounting Analyst in the Corporate Treasury Operations department for Citigroup. An MBA graduate of the University of South Dakota, he has over a decade of experience in financial services and banking with a background in cash management, accounting, financial control and credit review.

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Cheryl Leasure, Communications and Events Coordinator


Cheryl Leasure, Communications and Events Coordinator
Cheryl assists with administrative needs for Dakotas America and Dakota Resources including communication from the organization and coordinating events. Prior to coming to Dakotas America and Dakota Resources, Cheryl worked in customer service and marketing for a private label food packaging company.

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Misty Cordell Photo


Misty Cordell, Executive Leadership Coordinator
Misty provides administrative support to the Dakotas America and Dakota Resources executive team through her role as the Executive Leadership Coordinator.  Prior to joining Dakotas America and Dakota Resources, Misty was the Administrative Manager, Office Manager, and Help Desk Specialist for an account resolution corporation in Sioux Falls for 20+ years.  Misty currently lives near Renner, SD with her family and participates in the business operations of their family masonry business.

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