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.
Due to zoning restraint, ULC sold property in Curtis Park to support other affordable high density projects
Land banked until St. Andrew’s acquired downtown property for future affordable development
First TOD Fund acquisition. Preservation of 36 units of permanently affordable housing in NE Park Hill
Land banked at Yale Station, now 66 units of affordable housing
Provided loan to support refinance of nonprofit building in Santa Fe Arts District
Nation’s first TOD fund to support affordable housing is established in partnership with Enterprise, the City of Denver and local + national investors
Preservation of16 affordable apartments, retail and warehouse space serving mission minded organizations
50 units of affordable housing in Overland Park, nationally recognized for exceptional design
Land banked site in Cole/RiNo for high density development along transit to include 66 units of affordable housing as part of CLT
Land banking in Villa Park neighborhood for future affordable development
Preserved and rehabbed 100 affordable units at rail station in Lakewood
Nonprofit center provides affordable office space, community building sold to ECE provider, land retained in CLT
Two parcels slated for development of up to 200 affordable units along W line
ULC partners with Calvert Impact Capital to establish $10M acquisition loan fund
Affordable warehouse preservation in Sun Valley, home to service-providing nonprofits
Part of a property assemblage for future affordable development in University Park
Acquired and demolished vacant building in Westwood with neighborhood support to construct pocket park for interim use. Future development dependant on community process
Preservation of 7 story commercial building providing affordable nonprofit office space in Capitol Hill
Acquired and demolished vacant bowling alley in Original Aurora; managed construction of high school for pregnant and parenting teens and ECE for their children
Located adjacent to 11th Avenue TOD, land banking for future affordable development
ULC provides bridge loan to support acquisition
with FirstBank to support creation and preservation of affordable housing and nonprofit facility space in Denver region
Demolished a vacant warehouse for the development of affordable housing in Cole neighborhood
Public/private partnership launches CLT to create affordable home ownership opportunities in Colorado
Real estate steward of 31acre campus in Aurora housing nonprofit programming and services
Acquired to preserve office space along a future transit corridor. ULC’s first acquisition in Commerce City
Future development will include 92 units of permanently affordable for sale condos in Santa Fe Arts District
City of Westminster donated this six acre parcel to ULC for the development of affordable for-sale townhomes
ULC’s second acquisition in Westminster, located just two blocks from the Commuter Rail Station. Future development of affordable housing
Acquisition/rehabilitation in Cole neighborhood to preserve affordable space for nonprofits and schools
Preserved 62 units of affordable housing along transit in partnership with NEWSED. ULC’s first CLT property
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.