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ULC Successfully Invests in Denver’s Elyria Swansea Neighborhood
With significant support and partnership with the City and County of Denver’s Office of Economic Development, ULC successfully acquired a 6 acre site in the Elyria Swansea neighborhood in Denver. Purchased in April 2015, ULC plans to develop the site to be a mixed-use development that will including affordable housing and other community assets.
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This is ULC’s second largest land purchase and the second acquisition using the Calvert Foundation’s Facility Fund. This innovative fund was created in 2014 through the Ours to Own initiative, a campaign the gives metro Denver residents the opportunity to invest in community projects for amounts as low as $20, all while earning a return on their investment.
The property requires immediate rezoning to allow for the variety of future uses envisioned; and ULC plans to initiate a community engagement master site planning process for local resident and stakeholders. ULC expects to identify a development partner in 2016 to finance and construct the first phase of the multi-year project.