The Social Enterprise Foundry, located in Denver's Sun Valley neighborhood, provides affordable rent to three mission minded organizations.
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Urban Land Conservancy financed the acquisition for Habitat for Humanity’s Home Improvement Outlet. ULC provided Habitat with a below market bridge loan. Consequently the home improvement outlet remained open to the public, providing a valuable source of cash flow to the organization. Then, in 2008 Habitat for Humanity fully repaid the bridge loan to ULC.
Written on October 10, 2011 at 2:03 am
ULC helped finance the acquisition of Habitat for Humanity of Metro Denver’s Denver Home Improvement Outlet, located at 70 Rio Grande Boulevard, by providing Habitat with a below market bridge loan. As of April 2008 the bridge loan has been fully paid back to the ULC.