Our mission is to acquire, develop, and preserve community assets in urban areas for a variety of community needs such as schools, affordable housing,

• Our mission is to acquire, develop, and preserve community assets in urban areas for a variety of community needs such as schools, affordable housing, and office space for nonprofits.

• Our assets consist of real estate and significant seed capital to be leveraged using public and private sources for future community investment.

• Our work includes land banking and community-inspired real estate development or, more concisely, community development.

Urban Land Conservancy (ULC) was established to acquire, develop and preserve community assets in urban areas in order to address a variety of

community needs

Dahlia Apartments (36 apt homes) - Apr. 2010 Yale Commons (1.20 acres land) – July 2010

ULC working with Regional Transportation District (RTD)and for profit developers on a Master Community Plan including adjacent properties and RTD parking lot

Mile High Vista (2.15 acres land) – March 2011 70 new affordable housing units, 28K SF Denver Public Library, 14K SF

supportive nonprofit community space

Evans Station (0.96 acres land) – June 2011 50 new affordable housing units to be developed, financed with 9% Low

Income Housing Tax Credits

Villa TOD (16 apt homes) – Aug 2011 Includes 7,400 SF of commercial space

Denver’s Transit-Oriented Development FundAcquisitions to Date

Denver’s Transit-Oriented Development Fund

ULC Property Locations

• Goal: Preserve and create over 1,000 units of affordable housing near transit

• property acquisition• land banking

• $15 million, 10 year fund, 3.43% fixed rate to Urban Land Conservancy

• Revolving Line of Credit• 3-5 year sub-loans for acquisition

• 90% LTV on ‘as-is’ basis

• Top 63% is Non-Recourse

• Enterprise serves as administrator

Denver’s Transit-Oriented Development FundStructure

Denver’s Transit-Oriented Development FundMixed-Use Development

70 Apartments

Public Library

Retail

Mile High Vista

Evans Station

Yale Commons

Denver’s Transit-Oriented Development FundPreservation

Villa TOD

Dahlia Apartments

Aaron Miripol, [email protected]

www.urbanlandc.org(303) 377-4477