Evans Station Lofts

The Project:

A 5-story affordable housing development delivered in 2013, built next to a strategic light-rail station in Denver, CO

Evans Station Lofts in Denver Colorado

Funding:

ULC purchased the land in 2011 for $1.2 M with financing through Denver’s Transit-Oriented Development Fund (TOD Fund). It sold the land to a developer in 2012 that was awarded $1 M in annual low-income tax credits from the Colorado Housing and Finance Authority.

Impact:

• 50 1-2 bed room affordable units with 10 ft ceilings from $380 – $850/month

• 10,000 sqft of commercial space

• A shared car

• A community room with laptops and free Wi-fi

• An Exercise Room

 

Organization Description:

The Urban Land Conservancy (ULC), a nonprofit organization established in 2003, uses real estate as a tool to enrich urban communities. In much the same way that a land trust preserves open space for future generations, they preserve real estate assets in urban areas to ensure their continued community benefit.