Urban Land Conservancy Secures Land for Affordable Housing in Westminster
The Urban Land Conservancy (ULC), a Denver-based real estate nonprofit, has completed the purchase of two adjacent properties totaling 5.5 acres at the Westminster Station. These acquisitions are known as the Westminster Station Transit Oriented Development, and were acquired using the Metro Denver Impact Facility (MDIF). The site is located within the Westminster Station area, where there are future plans for light rail expansion, station area development, and master plans to include retail, residential and office development.
ULC enjoys a strong relationship with the city of Westminster and the Westminster Economic Development Authority, and we look forward to working with the community, and additional partner agencies to transform these 5.5 acres into a vibrant neighborhood center,” stated ULC’s Senior Vice President Debra Bustos. “This future transit-oriented community will require significant support for successful development to take place, and ULC is thrilled to be leading this impactful venture.”
ULC plans to initiate a community engagement process in the near future to give local residents and stakeholders a voice in the master planning efforts, which are intended to include affordable housing and community serving commercial and retail space. ULC will retain ownership of a portion of the site in a Community Land Trust (CLT), ensuring permanent affordability and generations of community benefit.
Images courtesy of ULC