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

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Presentation on theme: "Our mission is to acquire, develop, and preserve community assets in urban areas for a variety of community needs such as schools, affordable housing,"— Presentation transcript:

1 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

2 Dahlia Apartments (36 apt homes) - Apr 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 new affordable housing units, 28K SF Denver Public Library, 14K SF supportive nonprofit community space Evans Station (0.96 acres land) – June 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 Denvers Transit-Oriented Development Fund Acquisitions to Date

3 Denvers Transit-Oriented Development Fund

4 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 Denvers Transit-Oriented Development Fund Structure

5 Denvers Transit-Oriented Development Fund Mixed-Use Development 70 Apartments Public Library Retail Mile High Vista Evans Station Yale Commons

6 Denvers Transit-Oriented Development Fund Preservation Villa TOD Dahlia Apartments

7 Aaron Miripol, President (303)


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