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 NW Denver, sells campus back to school in 2011

  • Renaissance at North Colorado Station

    Renaissance at North Colorado Station

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

  • Stout Street Land

    Due to zoning restraint, ULC sold property in Curtis Park to support other affordable high density projects

  • St. Andrew’s Lots

    Land banked until St. Andrew’s acquired downtown property for future affordable development

  • Dahlia Apartments

    First TOD Fund acquisition. Preservation of 36 units of permanently affordable housing in NE Park Hill

  • Holly Square

    Holly Square

    Worked with community to revitalize heart of the neighborhood in NE Park Hill, now a thriving children’s campus

  • Garden Court Apartments

    Land banked at Yale Station, now 66 units of affordable housing

  • NEWSED Nonprofit Centre

    Provided loan to support refinance of nonprofit building in Santa Fe Arts District

  • $15M Transit Oriented Development Fund

    Nation’s first TOD fund to support affordable housing is established in partnership with Enterprise, the City of Denver and local + national investors

  • Mile High Vista

    Mile High Vista

    Master Site Development now home to the Corky Gonzales Library and 80 affordable units + future affordable development in West Colfax

  • Santa Fe Ten

    Preservation of16 affordable apartments, retail and warehouse space serving mission minded organizations

  • Evans Station Lofts

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

  • Blake Street TOD

    Land banked site in Cole/RiNo for high density development along transit to include 66 units of affordable housing as part of CLT

  • 11th Avenue TOD

    Land banking in Villa Park neighborhood for future affordable development

  • Villas at Wadsworth Station

    Preserved and rehabbed 100 affordable units at rail station in Lakewood

  • Curtis Park Nonprofit & Community Center

    Nonprofit center provides affordable office space, community building sold to ECE provider, land retained in CLT

  • ArtWay North TOD

    ArtWay North TOD

    Phase 1 home to156 affordable units, future phases include housing and nonprofit space in NE Park Hill

  • Land at Sheridan Station

    Two parcels slated for development of up to 200 affordable units along W line

  • ULC partners with Calvert Impact Capital

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

  • Social Enterprise Foundry

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

  • Land at Yale Station

    Part of a property assemblage for future affordable development in University Park

  • Thriftway

    Acquired and demolished vacant building in Westwood with neighborhood support to construct pocket park for interim use. Future development dependant on community process

  • Mountain View Nonprofit Tower

    Preservation of 7 story commercial building providing affordable nonprofit office space in Capitol Hill

  • New Legacy Charter School

    Acquired and demolished vacant bowling alley in Original Aurora; managed construction of high school for pregnant and parenting teens and ECE for their children

  • Sheridan II

    Located adjacent to 11th Avenue TOD, land banking 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

  • Habitat for Humanity Home Improvement

    ULC provides bridge loan to support acquisition

  • ULC Launches $50M Metro Denver Impact Facility (MDIF)

    with FirstBank to support creation and preservation of affordable housing and nonprofit facility space in Denver region

  • ColeTrain

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

  • Elevation CLT

    Public/private partnership launches CLT to create affordable home ownership opportunities in Colorado

  • Oxford Vista

    Real estate steward of 31acre campus in Aurora housing nonprofit programming and services

  • Harlan Nonprofit Center

    Harlan Nonprofit Center

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

  • South Platte Crossing

    Acquired to preserve office space along a future transit corridor. ULC’s first acquisition in Commerce City

  • LaTela

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

  • Holly Park

    City of Westminster donated this six acre parcel to ULC for the development of affordable for-sale townhomes

  • Westminster TOD

    ULC’s second acquisition in Westminster, located just two blocks from the Commuter Rail Station. Future development of affordable housing

  • Tramway Nonprofit Center

    Acquisition/rehabilitation in Cole neighborhood to preserve affordable space for nonprofits and schools

  • Jody Apartments

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


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