La Tela

ULC purchased this land and held it until Elevation Community Land Trust (ECLT) secured financing to develop 92 permanently affordable for-sale condos. Located along a high-frequency bus route, this land was a unique opportunity to create affordable homeownership opportunities in Denver. ECLT purchased the land from ULC in 2020 and the condos were completed in 2021. ECLT holds the land in a ground lease to ensure permanent affordability.