On Common Ground
On Common Ground
May 26, 2020
Chapter 19 - Stewardship of Urban Real Estate for Long-Term Community Benefit: Profile of the Urban Land Conservancy in Denver, Colorado - Alan Gottlieb and Aaron Miripol
Play • 37 min
Established in 2003 with a service area encompassing an entire metropolitan area, the Urban Land Conservancy has become a major player on Denver’s real estate scene. An integral part of its success comes from the organization’s adoption of key features of the CLT, including permanent ownership of land, long-term ground leasing, and permanent affordability of housing and other buildings located on its land. More than most CLTs in the USA and elsewhere, ULC has taken advantage of the model’s versatility to move beyond homeownership –and beyond housing. ULC has supported the development of over 1000 units of multi-family rental housing, while also helping to develop 700,000 square feet of non-residential space for nonprofit partners. It has recently incubated the Elevation CLT, a new organization that (unlike ULC) will focus on the development and stewardship of resale-restricted owner-occupied housing.
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