photo credit: Denver Post

Denver Post’s Joe Rubino wrote a front-page story about the transformation of Denver’s former Johnson & Wales Campus. ULC, DPS, and DHA purchased the campus in June, with the goal of preserving the grounds and buildings for community-serving purposes. Implementation is well underway as the article outlines. The quick turnaround necessary to acquire the property was made possible by ULC’s access to the Metro Denver Impact Facility (MDIF), a low-interest revolving loan fund. This underscores the need for nimble, low-interest capital for affordable housing and affordable commercial property practitioners to compete in an arena with market developers and neutralize gentrification in the Metro region.