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

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.

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

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  1. 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 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.
  2. Denver’s Transit-Oriented Development Fund Acquisitions to Date 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 developerson 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 HousingTax Credits Villa TOD (16 apt homes) – Aug 2011 Includes 7,400 SF of commercial space
  3. Denver’s Transit-Oriented Development Fund ULC Property Locations
  4. Denver’s Transit-Oriented Development Fund Structure 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
  5. Denver’s Transit-Oriented Development Fund Mixed-Use Development Yale Commons Retail Public Library 70 Apartments Mile High Vista Evans Station
  6. Denver’s Transit-Oriented Development Fund Preservation Dahlia Apartments Villa TOD
  7. Aaron Miripol, President aaron@urbanlandc.org www.urbanlandc.org (303) 377-4477
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