Fifty-four thousand children live in the 14 mile stretch from northeast Denver to Green Valley Ranch, known as the Children’s Corridor. Nearly 35,000 of these children live in poverty, with little or no access to affordable housing, high performing schools or quality healthcare.
The Urban Land Conservancy’s purchase of Park Hill Village West (PHVW) will contribute to new opportunities for these children and their families through the development of mixed-income and mixed-use communities. ULC financed $3.7 million of the $6 million acquisition using Denver’s TOD Fund, which is dedicated to creating and preserving affordable housing along transit lines.
PHVW will be home to 156 new affordable homes along the East Line commuter rail currently under construction between Denver Union Station and Denver International Airport. Development along the commuter rail line will link isolated low-income neighborhoods with better access to jobs, education, health care and other services without dependence on cars.
ULC partner organizations—The Piton Foundation and the Gary Community Investment Company— have made a 20 year commitment to invest in the Children’s Corridor by creating access to high quality education, comprehensive health care and a supportive environment. ULC is proud to be contributing to improve resources and build stronger community.
For more details you can read the entire press release here.