When land is expensive, it is often unfeasible to use for community-oriented facilities such as libraries, schools or nonprofit office space. ULC land banks parcels of land in Metro Denver to preserve the affordability of future developments for long term community benefit.


Certain challenging community projects — such as redeveloping a brownfield into an environmentally and socially responsible community — require more capital, resources, and coordination than any single organization or entity may possess. ULC provides expertise and resources to community partners and facilitates the community development process.


ULC preserves both commercial and residential buildings to promote long term affordability in an increasingly unaffordable city. Through the preservation of these spaces, nonprofits and residents can continue to rent affordably and remain in their communities.


ULC will continue to play a unique and important real estate role on behalf of the community by acquiring, developing and preserving physical assets that are essential in meeting critical community needs especially in high poverty, low-income, underserved, at-risk communities.

We are in the community building business.

  • Founded


    Urban Land Conservancy is launched with support from the Gary-Williams Energy Corporation

  • First Acquisition

    First Acquisition

    ULC purchases and preserves Tennyson Center for Children in Northwest Denver, then sells the campus back to the school in 2011

  • Habitat for Humanity Home Improvement

    ULC provides bridge loan to support acquisition

  • Renaissance at North Colorado Station

    Renaissance at North Colorado Station

    ULC acquires Budget Motel in Northeast Park Hill, which is now 103 units of affordable housing in partnership with the Colorado Coalition for the Homeless (CCH)

  • Tramway Nonprofit Center

    Tramway Nonprofit  Center

    ULC acquires and rehabilitates the building in the Cole neighborhood to preserve affordable space for nonprofits and schools

  • Jody Apartments

    Jody Apartments

    ULC preserves 62 units of affordable housing along transit in partnership with NEWSED. ULC’s first CLT property

  • St. Andrew’s Lots

    ULC land banks property until St. Andrew’s acquires downtown property for future affordable development

  • Stout Street Land

    ULC acquires land in the Curtis Park neighborhood to support affordable townhome development

  • Dahlia Apartments

    Dahlia Apartments

    ULC preserves 36 units of permanently affordable housing in Northeast Park Hill

  • Holly Square

    Holly Square

    ULC acquires 2.5 acres in the heart of Northeast Park Hill. The property has since been developed into a thriving campus including a Boys & Girls Club

  • Garden Court Apartments

    Garden Court Apartments

    ULC land banks property at Yale Station, now 66 units of affordable housing

  • NEWSED Nonprofit Center

    ULC provides loan to support refinancing of nonprofit building in Santa Fe Arts District

  • Transit Oriented Development Fund

    Transit Oriented Development Fund

    ULC establishes the nation’s first $15 million TOD fund to support affordable housing in partnership with Enterprise, the City of Denver and local + national investors

  • Mile High Vista

    Mile High Vista

    ULC’s first master site development, includes the Corky Gonzales Library and 80 affordable units. Will include future affordable development on West Colfax

  • Santa Fe Ten

    Santa Fe Ten

    ULC preserves 16 affordable apartments, retail and warehouse space serving mission minded organizations

  • Evans Station Lofts

    Evans Station Lofts

    50 units of affordable housing in Overland Park, which are nationally recognized for exceptional design

  • Blake Street TOD

    Blake Street TOD

    ULC land banks site in Cole/RiNo for high density development along transit to include 96 units of affordable housing as part of CLT

  • 11th Avenue TOD

    11th Avenue TOD

    ULC land banks property in Villa Park neighborhood for future affordable development

  • Villas at Wadsworth Station

    Villas at Wadsworth Station

    ULC preserves and invests over $2 million to rehab over 100 affordable units at a rail station in Lakewood

  • Curtis Park Nonprofit & Community Center

    Curtis Park Nonprofit & Community Center

    Nonprofit center provides affordable office space. Community center building sold to ECE provider after land was retained by ULC in their CLT

  • ArtWay North TOD

    ArtWay North TOD

    Phase I of development includes 156 affordable units. Future phases include affordable housing and nonprofit space in Northeast Park Hill

  • Sheridan Station West

    Sheridan Station West

    Two parcels of land slated for development to include affordable housing at the W-line station. Phase I will include 133 units of permanently affordable housing as part of ULC’s CLT

  • Calvert Impact Capital

    ULC partners with Calvert Impact Capital to establish $10M acquisition loan fund

  • Social Enterprise Foundry

    Social Enterprise Foundry

    Affordable warehouse preservation in Sun Valley, home to service-providing nonprofits

  • Yale Station

    Yale Station

    ULC acquires land as part of a property assemblage for future affordable housing development in University Park

  • Thriftway


    ULC acquires and demolishes vacant building in Westwood with neighborhood support to construct pocket park for interim use. Future development dependent on community decision making process

  • Mountain View Nonprofit Tower

    Mountain View  Nonprofit Tower

    ULC preserves 7 story commercial building. Provides affordable nonprofit office space in Capitol Hill

  • New Legacy Charter School

    New Legacy Charter School

    ULC acquires and demolishes a vacant bowling alley in Aurora, and manages construction of high school for pregnant and parenting teens and early childhood education for their children

  • Sheridan II

    Located adjacent to 11th Avenue TOD, ULC land banks for future affordable development

  • Race TOD

    Race TOD

    Through community engagement, Race is slated for multi-phase development to include affordable housing, community space and a health clinic

  • Metro Denver Impact Facility (MDIF)

    Metro Denver Impact Facility (MDIF)

    ULC launches $50 million MDIF with FirstBank as the senior lender to support the creation and preservation of affordable housing and nonprofit facility space in the Denver region

  • Cole Train

    Cole Train

    ULC demolishes a vacant warehouse for the development of affordable housing in the Cole neighborhood

  • Elevation Community Land Trust (ECLT)

    Elevation Community Land Trust (ECLT)

    ULC incubates ECLT, a public/private partnership launched to create affordable home ownership opportunities in Colorado through a community land trust 

  • Oxford Vista

    Oxford Vista

    ULC stewards 31 acre campus in Aurora for housing nonprofit programming and services

  • Harlan Nonprofit Center East

    Harlan Nonprofit Center East

    ULC’s first acquisition through MDIF. Home to Lutheran Family Services

  • South Platte Crossing

    South Platte Crossing

    ULC acquires and preserves office space along a future transit corridor. ULC’s first acquisition in Commerce City

  • La Tela

    La Tela

    Future development will include 92 units of permanently affordable for sale condos in Santa Fe Arts District

  • Holly Park

    Holly Park

    City of Westminster donates six acre parcel of land to ULC for the development of affordable for-sale townhomes

  • Westminster TOD I

    Westminster TOD I

    ULC’s second acquisition in Westminster less than two blocks away from the Westminster Commuter Rail Station

  • Harlan Nonprofit Center West

    Harlan Nonprofit Center West

    ULC acquires nonprofit building adjacent to Harlan Nonprofit Center East. Home to Easterseals Colorado, a charitable organization.

  • Westminster TOD II

    Westminster TOD II

    ULC acquires additional property in Westminster bringing total to 5.5 acres. Future development of affordable housing and community serving space


In January 2018, Shift Research Lab published a report titled, Exploring Colorado’s Housing Affordability Challenges in All of Their ComplexityThe report argues that Colorado’s housing crisis is largely a supply issue, and now is the time to develop innovative approaches to improving our housing system.

In 2003, ULC was founded by Sam Gary (Gary Williams Energy) when he noticed an immediate need to preserve community assets in Metro Denver. 16 later, and our mission to preserve and develop real estate for long term community benefit is as relevant as ever. Our unique approach and innovative techniques to increase affordable options in Metro Denver through strategic real estate development has been noted in CityLab from The Atlantic and The Guardian.


Urban Land Conservancy acquires, preserves, and develops real estate to under-served areas for long-term community benefit. Through the acquisition, development and preservation of real estate in urban areas, we are supporting neighborhoods with community assets such as schools, affordable housing, community centers and nonprofit facility space.

ULC also recognizes that creating affordable space alone is not enough. This is why we focus on the development of permanent affordable space through the community land trust (CLT) model. ULC’s unique CLT means we own the land under a 99 year ground lease to ensure the space is used for community benefit regardless of circumstance. To date, ULC has 8 properties in our CLT, ranging from early childhood education centers to multifamily affordable housing developments.

Impact Investing

Since 2010, ULC has deployed $45 million in impact investments using three loan facilities to foster equitable growth throughout the Greater Denver Region. Our investments in the $15 million Denver Transit-Oriented Fund, the $10 million Calvert Facility Fund and the $50 million Metro Denver Impact Facility have resulted in 18 acquisitions to date. To learn more, you can read the full report here.

Community Engagement

As stewards of real estate investments that profoundly impact the quality of life of many underserved and low-income Metro area residents, ULC is informed by a broad network of community partners. Our work in the neighborhoods in which we served is guided by underlying principles that fall under our community engagement philosophy. You can read more about our community approach here.


Our 10 Year Anniversary Video

Looking Back on How Far We Have Come