In 2011, ULC acquired a .96 acre property for $1.2 that eventually became home to Evans Station Lofts. Denver’s Transit-Oriented Development (TOD) Fund financed the acquisition. At the present time, this was ULC’s fourth purchase using the TOD fund. The fund’s goal is to increase affordable housing along transit corridors. Evans Station Lofts sit adjacent to the Evans Light Rail Station, along RTD’s C and D lines.
ULC partnered with affordable housing developer Medici Consulting Group (MCG) who received low income housing tax credits to finance the development. Presently, the five-story development includes 50 units of affordable housing units and 7,100 square feet of commercial space. The workforce housing development opened in 2013.
Can an affordable housing development spark redevelopment in a community – the answer is yes! Read the Affordable Housing Finance article featuring Evans Station Lofts and how Denver’s newest transit oriented development and it’s killer views provide more than just an affordable place to live, but it is a place where residents can truly appreciate Continue Reading
Today Mayor Michael Hancock will honor 15 Denver projects for excellence in architecture, design and place-making as part of the annual Mayor’s Design Awards, ULC and our partner Medici Communities are extremely honored that Evans Station Lofts is receiving this recognition. Winning projects were selected for their contribution to the public realm through innovative design, Continue Reading
Urban Land Conservancy celebrated with developer Medici Communities this week as the ribbon was cut to officially open Evans Station Lofts. This new 5 story development shatters the typical image of affordable housing, featuring upgrades found in luxury market-rate apartments. “We wanted this project to not only provide a high quality living environment for the Continue Reading
Evans Light Rail Station Site is the 4th Property Urban Land Conservancy has acquired using Denver’s Transit Oriented Development Fund In June of 2011, ULC purchased land along Denver’s FasTracks Southwest light rail corridor that will be developed into an affordable, mixed-use transit oriented development. This property will provide much needed workforce housing and retail opportunity Continue Reading