ULC proudly announced plans to develop affordable, net-zero townhomes in the Holly Park neighborhood in Westminster. In December 2018, Westminster Economic Development Authority (WEDA) sold the site to ULC for $1 to support WEDA’s local affordable housing initiatives.
ULC is formalizing plans for a 58 home development that includes market-rate and affordable for-sale townhomes in a mixed-income community. ULC is partnering with Thrive Home Builders (Thrive) to develop the townhomes, two-thirds of which will be available for future buyers earning 80% of Area Median Income (AMI) or below.
Thrive is an award-winning leading builder of energy efficient and healthier homes including net-zero features. They are nationally recognized for their sustainability model, and are a crucial partner supporting ULC’s commitment to energy efficiency and green building practices.
“Thrive is committed to cutting-edge design for the highest energy efficient and clean indoor air homes built in Colorado. For decades, we have made the dream of owning a home a reality for hundreds of families using our energy-efficient model. Through our partnership with ULC, we will develop our first affordable homes in Westminster, while creating monthly cost savings for homeowners,” said Gene Myers, CEO of Thrive Home Builders.
ULC and Thrive will lead a community engagement process in the near future to inform local residents and stakeholders about development plans and to solicit feedback. ULC and Thrive expect to break ground and begin presales in early 2021 with the first occupancy expected in late 2021 or early 2022. ULC intends to partner with Elevation Community Land Trust (ECLT) to identify and prequalify buyers, manage the long-term relationships with homeowners, and serve as stewards of the land to ensure permanent affordability.