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Urban Land Conservancy acquired Inca Commons in December 2018 for $1.8 million. This was ULC’s third acquisition using the Metro Denver Impact Facility (MDIF). The 18,000 square foot site is located in the heart of the Santa Fe Arts District and will support a mixed-use development with resident and commercial space. Future development will include at least 86 units of permanently affordable for-sale housing for households earning up to 80% of the Area Median Income (AMI). Inca Commons is expected to break ground in the third quarter of 2019, with units expected ot be available for purchase in late 2020.
Written on January 4, 2019 at 4:29 pm
Next City is a nonprofit organization with a mission to inspire social, economic and environmental change in cities through journalism and events around the world.
Written on December 21, 2018 at 2:29 am
The $1.8 million acquisition will include 86 units of permanently affordable for-sale units for households earning up to 80% Area Median Income.