WHO WE ARE
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.
WHAT WE DO
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.
ULC provides bridge loan to support acquisition
ULC land banks property until St. Andrew’s acquires downtown property for future affordable development
ULC acquires land in the Curtis Park neighborhood to support affordable townhome development
ULC provides loan to support refinancing of nonprofit building in Santa Fe Arts District
ULC partners with Calvert Impact Capital to establish $10M acquisition loan fund
Located adjacent to 11th Avenue TOD, ULC land banks for future affordable development
WHY WE DO IT
In January 2018, Shift Research Lab published a report titled, Exploring Colorado’s Housing Affordability Challenges in All of Their Complexity. The 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.
HOW WE WORK
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.
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.
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.