• 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
