At The End Of 2015…
ULC has invested nearly $68 million in community real estate, leveraging $115M in development of affordable housing and nonprofit facilities. Our current master site and vacant land investments will generate an additional $300M+ of place based community development.
As Master Developer
ULC began planning for the 303 ArtWay, a public art themed bike/pedestrian trail to better connect the greater Park Hill community to the A Line. The creation of this new community asset was kicked off through a $250,000 grant from ArtPlace America.
Transit Oriented Development (TOD)
Partners Mile High Development and Koelbel and Company broke ground on the Garden Court Apartments at Yale Station in early 2015, 66 new affordable housing units will provide housing options at the Yale rail station in spring 2016.
ULC completed a $3M refinancing of the Social Enterprise Foundry, a nonprofit warehouse in Sun Valley using the Calvert Facility Fund as part of the Ours to Own Initiative, fully deploying the $10M Fund in only one year. Mountain View Nonprofit Tower and Race Street TOD are the other properties in the Ours to Own portfolio.
As a Real Estate Steward
The next phase of development was identified through a community process at Holly Square. Roots Elementary School will construct a new school facility in 2016, opening in time for the 2016-2017 school year. ULC has a 99 year land lease agreement with Roots to ensure the property will provide community benefit for generations.
ULC produced the latest affordable housing report, estimating the economic impact of affordable housing at transit oriented development in Metro Denver brings over half a Billion dollars to local economy in a 5 year period.