ULC Acquires Fourth Property Using Denver TOD Fund
The Urban Land Conservancy has purchased land along Denver’s Southwest light rail corridor that will be developed into an affordable, mixed-use, transit-oriented development.
It is the fourth property ULC has acquired using Denver’s Transit-Oriented Development Fund. The development will provide much-needed workforce housing and retail opportunities directly across from the Evans Light Rail Station. ULC purchased the .96-acre property at 2140 S. Delaware St. for $1,197,900 using the TOD fund, which was set up specifically for acquiring and preserving land for workforce housing near existing or future light rail stops and high-frequency bus routes. It is financed in part by the city and county of Denver and Enterprise Community Partners, which administers the fund.