TOD Affordable Housing Preservation Policy Forum. Aaron Miripol, Urban Land Conservancy April 30, 2012

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "TOD Affordable Housing Preservation Policy Forum. Aaron Miripol, Urban Land Conservancy April 30, 2012"

Transcription

1 TOD Affordable Housing Preservation Policy Forum Aaron Miripol, Urban Land Conservancy April 30, 2012

2 Urban Land Conservancy (ULC) was established to acquire, develop and preserve real estate assets in Metro Denver in order to address a variety of community needs Our work includes land banking, preservation and community-inspired real estate redevelopment Our assets consist of schools, affordable housing, community centers, office spaces for nonprofits and seed capital to be leveraged using public and private sources for future community real estate investment Over $25 million invested in 17 real estate transactions leverages over $150 million in redevelopment Our real estate partnerships serve over 10,000 people 400 full and part-time jobs are supported by ULC real estate investments

3 Opportunities during difficult economic times - Transit-Oriented Development (TOD) Fund Build out of FasTracks over the next decade - Over 120 miles of additional track and approximately 60 new stations - RTD (Regional Transit District) is working with the development community at transit station sites Increased demand for housing within ½ mile of light rail stations 40% of growth projected from households at or below 80% AMI Opportunity to purchase land now for land banking

4 RTD FasTracks Program

5 Denver s Transit-Oriented Development Fund 1. Tennyson Center for Children 2. 40th and Colorado 3. Habitat for Humanity ReStore 4. Phillips Nonprofit Center 5. Jody Apartments 6. Land Bank at 2500 Stout 7. St. Andrews Parking Lots 8. Holly Shopping Center 9. Dahlia Apartments - TOD 10. NEWSED Nonprofit Center 11. Yale Commons - TOD 12. Mile High Vista - TOD 13. Delaware Station - TOD 14. Villa TOD 15. Blake TOD 16. Curtis Park Community Center

6 Denver s Transit-Oriented Development Fund Structure Goal: Preserve and create over 1,000 affordable homes near high frequency transit property acquisition land banking $15 million, 10 year fund, 3.5% fixed rate to Urban Land Conservancy (sole borrower and investor) Revolving Line of Credit 3-5 year sub-loans for acquisition 90% LTV on as-is basis Top 63% is Non-Recourse Expand Fund to $30 million for Denver Metro Region Enterprise Community Partners serves as administrator

7 TOD Fund Activity Summary Project Affordable Homes Purchase Price TOD Fund ULC Investment 1. Dahlia 36 existing $1,212,750 $1,130,000 $130, Yale 100 to be developed $1,325,000 $1,325,000 $132, Mile High Vista 60 to be developed $2,140,000 $2,335,000 $220, Delaware 50 to be developed $1,197,900 $1,200,000 $122, Villa TOD 16 existing $1,350,000 $1,350,000 $135, Blake TOD 130 to be developed $1,700,000 $1,700,000 $170,000 TOTAL 392 homes $8,925,650 $9,040,000* $909,500 *Investment differs as purchase price does not include all acquisition costs or other equity in the deal ULC TOD Fund Investments: $909,500 Other TOD Fund Investors: $8,130,500 TOD Fund has been drawn down: $9,040,000 TOD Fund Acquisitions have created or preserved 392 affordable homes since start-up in April 2010: 340 new and 52 existing

8

9 Model for the TOD Fund: Jody Apartments at Sheridan Station Jody Apartments are less than 300 feet from the Sheridan transit station along the West Corridor, adjacent to a 800 car park-and-ride to serve the station, and the Lakewood Gulch bike path Total acquisition and rehab: $3.25 million = $52,400 per unit/ $36 sq. ft. ULC owns 2 acres of land and has a 99-year lease with NEWSED (owns improvements) 52 of the 62 apartments are permanently affordable, with 12 of the 52 committed to households at 30% AMI and below. Four rental buildings currently serve over 100 residents. Future redevelopment will have at least 200 mixed income apartments & 25,000 sq. ft. of commercial/community space Total Redevelopment Costs: Up to $45 million

10 Mile High Vista Currently under development, ULC is serving as master developer, partnering with the City of Denver and Del Norte Housing to build: New city public library (orange) 60 units of workforce housing + 10k sq. ft. of community space (blue) 20k sq. ft. commercial building (green) Along the West Corridor, Mile High Vista will serve as a catalytic development for Denver s West Colfax neighborhood* *Colfax Ave is the longest street in the United States

11 Housing Developed by Del Norte Mile High Vista Project Costs: Land Purchase & Holding costs: $2.75 million Design & Planning: $500,000 Remediation & Infrastructure: $2 million Total: $5.25 million Denver Public Library Development Costs: Library: $10 million Housing: $15 million Commercial: $2 million Total: $27 million Jobs Created: 125 temporary (construction) 65 permanent Total Cost: $32.25 million

12 Yale Station TOD Purchased in July 2010, this 1.25 acres of land is located next to the Yale Station (below) Land Price = $1.35 million ($25 sq. ft.) Partnering with 2 private developers and RTD to create Master Transit Community plan to include multiple properties and current RTD parking lot. At least 140 apartments will be developed, half permanently affordable. Total Development Costs = $20 million

13 Blake TOD Blake TOD This 1.4 acre property at 38th Street and Walnut Street was purchased in November of Land Price = $1,700,000 = $27.02 sq.ft. This is the site of the first stop on RTD s future East Corridor Commuter Line connecting Downtown Union Station to Denver International Airport. Total Development Costs: = $20 million Delaware Station Purchased in June 2011, this one acre of vacant land sits across the street from the Evan Light Rail Station. (below) Land Price= $1,150,000 = $26.50 sq. ft. Partnering with Medici Communities (market rate developer who builds affordable housing) in the development of 50 residential workforce housing units utilizing 9% Low Income Housing Tax Credits, will be the first example of taking out the Fund in Total Development Costs = $12 million Evans Station Lofts

14 Villa TOD 1/3 acre mixed use property was purchased in August, 2011 and sits on the Santa Fe bus corridor and is 5 blocks from 10th & Osage light rail station. Property includes 16 existing affordable apartments and 7,500 sq. ft. of commercial space. ULC will partner with two local nonprofits, NEWSED and Denver Inner City Parish on the long term redevelopment with a 99 year land lease. Total Acquisition and Rehab Costs = $2.3 million Villa TOD Dahlia Apartments Dahlia Apartments Dahlia (above) was purchased out of foreclose in in early 2010 for $1.2 million. There are six buildings with thirty-six 2- bedroom apartment in northeast Denver. Dahlia was the first TOD Fund acquisition and includes NSP dollars for rehab. ULC is stabilizing the buildings and will sell the improvements to a nonprofit and continue to own the land with a 99 year lease. Total Acquisition and Rehab: $2 million

15 The Economic Impact of Affordable Housing Subsidized Home Building impact: According to the NAHB study, the one year estimated economic impacts of building and rehabbing 809 subsidized homes in the Denver MSA include: Over $89.6 million in local income Over $9.2 million in taxes and other revenue for local governments Over 1,078 local jobs The additional, annually recurring impacts of building and rehabbing 809 subsidized homes in the Denver MSA include: Over $16.4 million in local income Over $2.3 million in taxes and other revenue for local governments Over 180 local jobs

16 Aaron Miripol (303)

The Denver Transit Oriented Development Fund Melinda Pollack, Enterprise Community Partners Aaron Miripol, Urban Land Conservancy

The Denver Transit Oriented Development Fund Melinda Pollack, Enterprise Community Partners Aaron Miripol, Urban Land Conservancy The Denver Transit Oriented Development Fund Melinda Pollack, Enterprise Community Partners Aaron Miripol, Urban Land Conservancy Denver TOD Fund: Background The RTD FasTracks Build Out Plan 122 miles

More information

Denver Initiatives Around Mixed-Income TOD. Melinda Pollack June 21, 2011

Denver Initiatives Around Mixed-Income TOD. Melinda Pollack June 21, 2011 Denver Initiatives Around Mixed-Income TOD Melinda Pollack June 21, 2011 Agenda The Need for Mixed-Income TOD in Denver Making the Case to Local and Regional Leaders Tools and Policies to Make It Happen:

More information

What we build today will create Denver s tomorrow. Signature development projects will strengthen our economy, create jobs and improve neighborhoods.

What we build today will create Denver s tomorrow. Signature development projects will strengthen our economy, create jobs and improve neighborhoods. Mayor Hancock s Vision for Building a World-Class City What we build today will create Denver s tomorrow. Signature development projects will strengthen our economy, create jobs and improve neighborhoods.

More information

Pulling Together: Lessons in Transportation Advocacy

Pulling Together: Lessons in Transportation Advocacy Pulling Together: Lessons in Transportation Advocacy Howard Steere, Moderator Presentations Melinda Pollack Enterprise Community Partners Brian O Malley Central Maryland Transportation Alliance David Van

More information

Affordable Housing Basics: A Bit of the The Denver Experience. Rail-Volution 2011 October 17, 2011

Affordable Housing Basics: A Bit of the The Denver Experience. Rail-Volution 2011 October 17, 2011 Affordable Housing Basics: A Bit of the The Denver Experience Rail-Volution 2011 October 17, 2011 Denver s System Three existing Corridors Approx 20 existing stations in Denver 18 miles of bus transit

More information

Eagle Commuter Rail Denver, Colorado Final Design (Based upon information received by FTA in November 2010)

Eagle Commuter Rail Denver, Colorado Final Design (Based upon information received by FTA in November 2010) Eagle Commuter Rail Denver, Colorado Final Design (Based upon information received by FTA in November 2010) Summary Description Proposed Project: Electrified Commuter Rail 30.2 Miles, 13 Stations Total

More information

Denver s Proposed Commuter Bike Facility

Denver s Proposed Commuter Bike Facility Denver s Proposed Commuter Bike Facility Overview > High profile site in the heart of the Denver Union Station redevelopment > Conveniently located in the center of Colorado s premier transportation center

More information

Transforming Public Housing In Denver Sustainable and Healthy Communities. Ismael Guerrero Executive Director Denver Housing Authority

Transforming Public Housing In Denver Sustainable and Healthy Communities. Ismael Guerrero Executive Director Denver Housing Authority Transforming Public Housing In Denver Sustainable and Healthy Communities Ismael Guerrero Executive Director Denver Housing Authority Vision Every individual or family will have Quality and Affordable

More information

University of Missouri-St. Louis North Station

University of Missouri-St. Louis North Station University of Missouri-St. Louis North Station This station profile describes existing conditions around the UMSL North MetroLink Station. This is one of a set of profiles for each of the MetroLink System

More information

Partner Organization Press Kit

Partner Organization Press Kit Partner Organization Press Kit 953 Decatur Street Denver, CO 80204 WHAT IS THE FOUNDRY? The Social Enterprise Foundry is community change in action. The Foundry is a collaborative home for triple bottom

More information

Adding an e to TOD Best Practices for Incorporating Equity in Transit Oriented Development A Guide to Creating etod for Austin s Project Connect

Adding an e to TOD Best Practices for Incorporating Equity in Transit Oriented Development A Guide to Creating etod for Austin s Project Connect Adding an e to TOD Best Practices for Incorporating Equity in Transit Oriented Development A Guide to Creating etod for Austin s Project Connect Created for Housing Works by the Entrepreneurship and Community

More information

Appendix C Related Studies

Appendix C Related Studies Appendix C Related Studies Intermodal Transit Village Concept Plan Appendix C Related Studies This appendix summarizes studies that are current at the time of this Plan. Intermodal Transit Village Concept

More information

Category: Creative Financing Project: Progression Place - " An Anchor for the Community" Project Location: 1805 7th St, NW Washington DC, 20001

Category: Creative Financing Project: Progression Place -  An Anchor for the Community Project Location: 1805 7th St, NW Washington DC, 20001 Category: Creative Financing Project: Progression Place - " An Anchor for the Community" Project Location: 1805 7th St, NW Washington DC, 20001 Status: Operational Cost: $157,654,244 Description: The Four

More information

Claret Consulting 18 December 2015

Claret Consulting 18 December 2015 The Denver-based Regional Transport District (RTD) 2004 FasTracks program is a multi-billion dollar regional transportation expansion plan that was designed to meet the Denver metro area s infrastructural

More information

Nine Key Steps to Starting a Business in the City and County of Denver.

Nine Key Steps to Starting a Business in the City and County of Denver. Nine Key Steps to Starting a Business in the City and County of Denver. step 1: Gather Information step 2: Create a Business Plan step 3: Determine a Business Name step 4: Determine the Legal Structure

More information

Reviewed and Approved

Reviewed and Approved Action Plan Grantee: Grant: Denver, CO B-09-LN-CO-0043 LOCCS Authorized Amount: Grant Award Amount: $ 18,994,444.00 $ 18,994,444.00 Status: Reviewed and Approved Estimated PI/RL Funds: $ 98,180.25 Total

More information

COMMUNITY DEVELOPMENT TOOLS AND TRENDS BRIDGING THE FINANCING GAP APRIL 2, 2015

COMMUNITY DEVELOPMENT TOOLS AND TRENDS BRIDGING THE FINANCING GAP APRIL 2, 2015 COMMUNITY DEVELOPMENT TOOLS AND TRENDS BRIDGING THE APRIL 2, 2015 FINANCING GAP Economic Development Finance Leveraging public resources through proactive approaches that solve the needs of industry, business,

More information

Redevelopment of Small Rental Properties. E. Black President/CEO, Liberty City Community Revitalization Trust

Redevelopment of Small Rental Properties. E. Black President/CEO, Liberty City Community Revitalization Trust E. Black President/CEO, Liberty City Community Revitalization Trust T. Coble Policy/Program Director, Miami Coalition for the Homeless, Inc. M. Faldas Administrator, Drewmarc Mulligan Ministries, Inc.

More information

GIS Analysis of Population and Employment Centers in Metro Denver Served by RTD s FasTracks

GIS Analysis of Population and Employment Centers in Metro Denver Served by RTD s FasTracks APA Transportation Planning Division 2011 Student Paper Competition GIS Analysis of Population and Employment Centers in Metro Denver Served by RTD s FasTracks Patrick Picard 2208 E. 17 th Ave., Apt. #4

More information

Assistance for the Redevelopment of Abandoned and Foreclosed Properties City of Atlanta, Georgia

Assistance for the Redevelopment of Abandoned and Foreclosed Properties City of Atlanta, Georgia Community Development Block Grant Neighborhood Stabilization Program Title III, Section 2301 of the Housing and Economic Recovery Act of 2008 (HR 3221) Assistance for the Redevelopment of Abandoned and

More information

Affordable Housing as a Tool for Community Development and Revitalization JENNIFER L. MILLIKEN, AICP APA-INDIANA OCTOBER 20, 2011

Affordable Housing as a Tool for Community Development and Revitalization JENNIFER L. MILLIKEN, AICP APA-INDIANA OCTOBER 20, 2011 Affordable Housing as a Tool for Community Development and Revitalization JENNIFER L. MILLIKEN, AICP APA-INDIANA OCTOBER 20, 2011 Summary Want to make a tangible difference in your community? Wishing someone

More information

Neighborhood Lending Partners, Inc. Florida Minority Affordable Housing Development Fund Presentation Florida Housing Coalition September 9, 2014

Neighborhood Lending Partners, Inc. Florida Minority Affordable Housing Development Fund Presentation Florida Housing Coalition September 9, 2014 Neighborhood Lending Partners, Inc. Florida Minority Affordable Housing Development Fund Presentation Florida Housing Coalition September 9, 2014 Overview Neighborhood Lending Partners Certified as a CDFI-providing

More information

Denver City Council City and County Building 1437 Bannock St., Rm. 451 Denver, CO 80202

Denver City Council City and County Building 1437 Bannock St., Rm. 451 Denver, CO 80202 Division of Business and Housing Services 201 W Colfax Ave, Dept 204 Denver, CO 80202 p: 720-913.1999 f: 720-913.1800 www.milehigh.com August 11, 2011 Denver City Council City and County Building 1437

More information

Central Puget Sound Regional Equitable Development Initiative (REDI) Fund. Business Plan Framework

Central Puget Sound Regional Equitable Development Initiative (REDI) Fund. Business Plan Framework Central Puget Sound Regional Equitable Development Initiative (REDI) Fund Business Plan Framework Prepared for the Growing Transit Communities Partnership by Enterprise Community Loan Fund and Impact Capital

More information

Multi-family Affordable. Becky Christoffersen, Midwest Housing Development Fund, Inc.

Multi-family Affordable. Becky Christoffersen, Midwest Housing Development Fund, Inc. Multi-family Affordable Housing Capital Solutions Becky Christoffersen, Midwest Housing Development Fund, Inc. Midwest Housing Development Fund, Inc. CDFI since 2000 Revolving loan fund Affordable Housing

More information

Regional Transportation District Denver, CO. NEXT STOP: Making Mass Transit Work for Rhode Island December 1, 2015

Regional Transportation District Denver, CO. NEXT STOP: Making Mass Transit Work for Rhode Island December 1, 2015 Regional Transportation District Denver, CO NEXT STOP: Making Mass Transit Work for Rhode Island December 1, 2015 Regional Context 2 Regional Transportation District Created in 1969 Eight-county service

More information

Agencies and Resources

Agencies and Resources The following local, state and federal agencies administer programs or provide funds for housing programs and projects: Murray County EDA P.O. Box 57 Slayton, MN 56172 Contact: Amy Hoglin, Economic Development

More information

For the non real estate professional

For the non real estate professional For the non real estate professional An introductory case study of the building of a Transit Oriented Development Views from For Profit vs. Non-Profit Developers For Profit Developer Non-Profit Developer

More information

30 Years of Smart Growth

30 Years of Smart Growth 30 Years of Smart Growth Arlington County s Experience with Transit Oriented Development in the Rosslyn-Ballston Metro Corridor A Presentation by the Arlington County Department of Community Planning,

More information

The Role of Land Use and Transportation in Building Successful Sustainable Cities City of Vancouver

The Role of Land Use and Transportation in Building Successful Sustainable Cities City of Vancouver The Role of Land Use and Transportation in Building Successful Sustainable Cities City of Vancouver Dr. Ann McAfee Co-Director of Planning, Vancouver Transportation & Land Use 1. Vancouver s Transportation

More information

NHT Use of NSP and Weatherization Funds to Preserve and Improve Multifamily Housing

NHT Use of NSP and Weatherization Funds to Preserve and Improve Multifamily Housing NHT Use of NSP and Weatherization Funds to Preserve and Improve Multifamily Housing Background At the outset, it s important to recognize that both NSP and weatherization funds are not limited to single

More information

FINANCING OF THE DENVER UNION STATION

FINANCING OF THE DENVER UNION STATION FINANCING OF THE DENVER UNION STATION "If you can find a path with no obstacles, it probably doesn't lead anywhere." Frank A. Clark Anastasia Khokhryakova Of Counsel ak@ballardspahr.com 303.292.2400 1

More information

Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro

Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro Investment Analyst Case Study Iron Bank Real Estate Investors The Lyric (215 10 th Ave E) Seattle-Tacoma-Bellevue Metro OVERVIEW The Lyric ( Property ) is being offered for sale with an asking price of

More information

AFFORDABLE FARES IN THE DENVER METRO REGION U P D A T E

AFFORDABLE FARES IN THE DENVER METRO REGION U P D A T E AFFORDABLE FARES IN THE DENVER METRO REGION 2 0 1 6 U P D A T E WHY AFFORDABLE FARES? WHY? LISTEN TO OUR COMMUNITY. RTD s low-income riders tell us the cost of fares is too high and that they are forced

More information

NEIGHBORHOOD LAND BANK

NEIGHBORHOOD LAND BANK NEIGHBORHOOD LAND BANK Purpose: Contribute to the community stabilization, revitalization and preservation of San Diego County s communities, particularly San Diego s low and moderate income communities,

More information

FasTracks Overview. Pranaya Shrestha, PE Sr. Manager, Program Management (303)

FasTracks Overview. Pranaya Shrestha, PE Sr. Manager, Program Management (303) FasTracks Overview Pranaya Shrestha, PE Sr. Manager, Program Management (303) 299-2461 Pranaya.Shrestha@RTD-Denver.com The RTD FasTracks Plan 122 miles of new light rail and commuter rail 18 miles of bus

More information

2013 Transit-Oriented Development Status Report

2013 Transit-Oriented Development Status Report 2013 Transit-Oriented Development Status Report RTD and FasTracks Overview RTD oversees a 47-mile rail transit system that services 46 stations on five corridors including: The 5.3-mile Central Corridor

More information

CLIENTS AND PROJECTS MHCD

CLIENTS AND PROJECTS MHCD Cherie Kirschbaum, President/Founder of City Projects, Inc., is passionate about leveraging real estate for community benefit. City Projects, Inc. provides real estate development advisory services to

More information

Los Angeles Union Station Master Plan

Los Angeles Union Station Master Plan Los Angeles County Metropolitan Transportation Authority Los Angeles Union Station Master Plan Railvolution Conference October 16-19, 2011 Calvin Hollis, EO Countywide Planning Los Angeles County Metropolitan

More information

City of Alexandria Affordable Housing. Presentation to Montgomery County 2/27/2014

City of Alexandria Affordable Housing. Presentation to Montgomery County 2/27/2014 City of Alexandria Affordable Housing 1 Location and Demographics City Demographics Population (2012) 146,294 Land Area (Sq. Miles) 15.4 Owner Occupied Units 29,103 Renter Occupied Units 34,635 2 2000

More information

Carteret Business Partnership, Inc. (CBP)

Carteret Business Partnership, Inc. (CBP) 1 Carteret, Middlesex County, New Jersey Overview Carteret Borough has a population of 23,367, published by the State of New Jersey - July 2008, and is located in the northern portion of Middlesex County.

More information

Congratulations on the decision to embark upon a new business venture!!!

Congratulations on the decision to embark upon a new business venture!!! Nine Key Steps to Starting a Business in the City and County of Denver Offffiice off Economiic Devellopmentt - Business Assistance Center - Congratulations on the decision to embark upon a new business

More information

Preserving Affordable Housing Near Transit

Preserving Affordable Housing Near Transit Preserving Affordable Housing Near Transit Case Studies from Atlanta, Denver, Seattle and Washington, D.C. A report authored by: Enterprise The National Housing Trust Reconnecting America Edited by Leo

More information

Preserving Opportunities TOD and Social Equity

Preserving Opportunities TOD and Social Equity Preserving Opportunities TOD and Social Equity Michael Bodaken National Housing Trust TOD & Social Equity: An Agenda for Research and Action Conf. National Housing Trust Committed to safeguarding affordable

More information

LAKE WORTH EDIT SCRIPT FINAL LAKE WORTH, FLORIDA. TITLE: RECOVERY FROM CRISIS: Stories & Strategies from the Neighborhood Stabilization Program

LAKE WORTH EDIT SCRIPT FINAL LAKE WORTH, FLORIDA. TITLE: RECOVERY FROM CRISIS: Stories & Strategies from the Neighborhood Stabilization Program LAKE WORTH, FLORIDA TITLE: RECOVERY FROM CRISIS: Stories & Strategies from the Neighborhood Stabilization Program OPEN: Narrator: The US Department of Housing and Urban Development launched The Neighborhood

More information

THE COMMUNITY ASSET PRESERVATION CORPORATION A SPECIAL PURPOSE ORGANIZATION

THE COMMUNITY ASSET PRESERVATION CORPORATION A SPECIAL PURPOSE ORGANIZATION transforming at-risk communities through strategic investments of capital and knowledge THE COMMUNITY ASSET PRESERVATION CORPORATION A SPECIAL PURPOSE ORGANIZATION Wayne T. Meyer, President New Jersey

More information

Affordable Housing in Denver

Affordable Housing in Denver Affordable Housing in Denver Safety & Well-Being Committee Denver Office of Economic Development, Enterprise Community Partners, and Neighborhood Development Collaborative January 19, 2016 When is housing

More information

CONSIDERATIONS FOR LOCAL GOVERNMENTS PROPOSING PROPERTY ACQUISITION UNDER GEORGIA S NEIGBHORHOOD STABILIZATION PROGRAM

CONSIDERATIONS FOR LOCAL GOVERNMENTS PROPOSING PROPERTY ACQUISITION UNDER GEORGIA S NEIGBHORHOOD STABILIZATION PROGRAM CONSIDERATIONS FOR LOCAL GOVERNMENTS PROPOSING PROPERTY ACQUISITION UNDER GEORGIA S NEIGBHORHOOD STABILIZATION PROGRAM This document provides information to assist communities that propose to demolish,

More information

Who is TOD in Metro Denver? April 2010. Employee Survey Report. Appendix E: Survey Methodology. Benchmarking the Evolution of TOD in Metro Denver

Who is TOD in Metro Denver? April 2010. Employee Survey Report. Appendix E: Survey Methodology. Benchmarking the Evolution of TOD in Metro Denver Who is TOD in Metro Denver? April 2010 Benchmarking the Evolution of TOD in Metro Denver Employee Survey Report Appendix E: Survey Methodology DRCOG Who is TOD in Metro Denver? Survey of Employees near

More information

Huntington Beach AFFORDABLE HOUSING. The City of Huntington Beach and the Huntington Beach Redevelopment Agency

Huntington Beach AFFORDABLE HOUSING. The City of Huntington Beach and the Huntington Beach Redevelopment Agency ` Huntington Beach AFFORDABLE HOUSING Rental Project Listing 2009 The City of Huntington Beach and the Huntington Beach Redevelopment Agency The City of Huntington Beach Huntington Beach Redevelopment

More information

RETAIL FOR SALE. Former Car Dealership Site in Atlanta, Georgia. +/- 24,000 sq ft

RETAIL FOR SALE. Former Car Dealership Site in Atlanta, Georgia. +/- 24,000 sq ft RETAIL FOR SALE Former Car Dealership Site +/- 24,000 sq ft Table of Contents Executive Summary Property Information Photos Location Aerial & Map Demographics About the Area Broker Profile 3 4 5 7 8 9

More information

Veteran s Homeownership Program. As presented to: Housing California Conference April 16, 2014

Veteran s Homeownership Program. As presented to: Housing California Conference April 16, 2014 Veteran s Homeownership Program As presented to: Housing California Conference April 16, 2014 About Livermore Home to 83,000 residents and 5,800 businesses Located on East side of the San Francisco Bay

More information

Improving Suburbs for All Ages: Scorecard and Toolkit

Improving Suburbs for All Ages: Scorecard and Toolkit Improving Suburbs for All Ages: Scorecard and Toolkit Scott Ranville President, HLP International Making Cities Livable June, 2013 The Approach: HLP City Scorecard Identify cities that are best designed

More information

Manager of Community Planning and Development

Manager of Community Planning and Development Manager of Community Planning and Development City of Denver: Manager of Community Planning and Development The City and County of Denver is a world-class municipal government that is leading the way with

More information

EAST HARLEM MEC CENTER,, New York, NY

EAST HARLEM MEC CENTER,, New York, NY EAST HARLEM MEC CENTER,, New York, NY Address: East 125 th Street at Third Avenue New York, NY 10035 Date Opening: Opening in phases from September 2011 through 2016 Type of Community: Transit oriented,

More information

BAKERY SQUARE 2.0 DEVELOPMENT (FORMER REIZENSTEIN SCHOOL)

BAKERY SQUARE 2.0 DEVELOPMENT (FORMER REIZENSTEIN SCHOOL) BAKERY SQUARE 2.0 DEVELOPMENT (FORMER REIZENSTEIN SCHOOL) FAST FACTS LOCATION: Pittsburgh, PA SIZE: 12 acres FEATURES: Proximity to Downtown OWNER: Walnut Capital INTENDED USE: Office Space, Residential

More information

Four Corners A Downtown Denver Buildout Scenario Report. by Jeff Mitchell Cate Townley Ray Winn

Four Corners A Downtown Denver Buildout Scenario Report. by Jeff Mitchell Cate Townley Ray Winn Four Corners A Downtown Denver Buildout Scenario Report by Jeff Mitchell Cate Townley Ray Winn Four Corners a Downtown Denver Buildout Scenario Report SECTION 1: DOWNTOWN DENVER OVERVIEW The Denver Metro

More information

CITY OF FLORENCE NEIGHBORHOOD REVITALIZATION STRATEGY SECOND PUBLIC MEETING

CITY OF FLORENCE NEIGHBORHOOD REVITALIZATION STRATEGY SECOND PUBLIC MEETING CITY OF FLORENCE NEIGHBORHOOD REVITALIZATION STRATEGY SECOND PUBLIC MEETING Prepared for: City of Florence July 7th, 2014 AGENDA Review Feedback from First Community Meeting Present Catalytic Project Areas

More information

Co-op op Housing Models

Co-op op Housing Models Co-op op Housing Models Permanently Affordable Required to be Owner Occupied Requires Lowest Subsidy Lowest Cost Home Ownership Entry Works Well for Workforce Housing David J. Thompson, Neighborhood Partners,

More information

G. Syracuse RESTORE III The Connective Corridor: Building Upwards (W828) June 24, 2010. General Project Plan

G. Syracuse RESTORE III The Connective Corridor: Building Upwards (W828) June 24, 2010. General Project Plan General Project Plan Grantee: City of Syracuse (the City or Syracuse ) Beneficiary Company: 215 West Fayette Street Associates, LLC ESD Investment: Project Locations: A grant of up to $1,300,000, pending

More information

Jess Linn Principal Planner, Development Services Division Miami-Dade Regulatory and Economic Resources

Jess Linn Principal Planner, Development Services Division Miami-Dade Regulatory and Economic Resources Eric Silva, AICP Assistant Director, Development Services Division Miami-Dade Regulatory and Economic Resources Albert Hernandez, P.E. Deputy Director, Planning and Engineering Miami-Dade Transit Jess

More information

Fiscal impact analysis of three development scenarios in Nashville-Davidson County, TN

Fiscal impact analysis of three development scenarios in Nashville-Davidson County, TN Fiscal impact analysis of three development scenarios in Nashville-Davidson County, TN April 2013 Prepared by 1 SUMMARY BY SMART GROWTH AMERICA Summary This study examines the relative fiscal costs and

More information

PLANNING FOR ECONOMIC & FISCAL HEALTH: DAY 1

PLANNING FOR ECONOMIC & FISCAL HEALTH: DAY 1 EPA Office of Sustainable Communities PLANNING FOR ECONOMIC & FISCAL HEALTH: DAY 1 Community: Lewis and Cowlitz Counties, WA Date: July 30 and 31, 2012 Presenters: Matt Kowta, BAE Workshop Process Day

More information

Mid-Coast Corridor Transit Project San Diego, California New Starts Engineering (Rating Assigned November 2015)

Mid-Coast Corridor Transit Project San Diego, California New Starts Engineering (Rating Assigned November 2015) Mid-Coast Corridor Transit Project San Diego, California New Starts Engineering (Rating Assigned November 2015) Summary Description Proposed Project: Light Rail Transit 10.9 Miles, 9 Stations Total Capital

More information

January 1, 2013 thru March 31, 2013 Performance Report

January 1, 2013 thru March 31, 2013 Performance Report Grantee: Houston, TX Grant: B-11-MN-48-0400 January 1, 2013 thru March 31, 2013 Performance Report 1 Grant Number: B-11-MN-48-0400 Grantee Name: Houston, TX Grant Amount: $3,389,035.00 Estimated PI/RL

More information

Experience Affordable Living in the City. Your Guide to Downpayment Assistance Programs for the Intown Homebuyer

Experience Affordable Living in the City. Your Guide to Downpayment Assistance Programs for the Intown Homebuyer Come Home to Atlanta Experience Affordable Living in the City Your Guide to Downpayment Assistance Programs for the Intown Homebuyer Benefits of living in the city of Atlanta Jobs, restaurants, shops and

More information

Investment Property Offering

Investment Property Offering Investment Property Offering The Slope Apartments Stable market area with strong population and employment growth Value add opportunity with loss to lease below market rents Strong market demand with easy

More information

Appendix J Santa Monica Travel Demand Forecasting Model Trip Generation Rates

Appendix J Santa Monica Travel Demand Forecasting Model Trip Generation Rates Appendix J Santa Monica Travel Demand Forecasting Model Trip Generation Rates SANTA MONICA TRAVEL DEMAND FORECASTING MODEL TRIP GENERATION RATES SUBMITTED BY: 201 Santa Monica Blvd., Suite 500 Santa Monica,

More information

COMMUNITY ACQUISITION REHABILITATION LOAN CARL CARL TERM SHEET AND GUIDELINES

COMMUNITY ACQUISITION REHABILITATION LOAN CARL CARL TERM SHEET AND GUIDELINES COMMUNITY ACQUISITION REHABILITATION LOAN I. PROGRAM OBJECTIVE CARL CARL TERM SHEET AND GUIDELINES URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH PITTSBURGH COMMUNITY REINVESTMENT GROUP The main objective

More information

MEMORANDUM OF AGREEMENT Between THE CITY OF BALTIMORE And THE MID-ATLANTIC FEDERAL PARTNERSHIP FOR THE ENVIRONMENT

MEMORANDUM OF AGREEMENT Between THE CITY OF BALTIMORE And THE MID-ATLANTIC FEDERAL PARTNERSHIP FOR THE ENVIRONMENT MEMORANDUM OF AGREEMENT Between THE CITY OF BALTIMORE And THE MID-ATLANTIC FEDERAL PARTNERSHIP FOR THE ENVIRONMENT The Mid-Atlantic Federal Partnership for the Environment ( MAFPE ) and the City of Baltimore

More information

LAND USE ELEMENT. The forwarddallas! citizen survey results show:

LAND USE ELEMENT. The forwarddallas! citizen survey results show: LAND USE ELEMENT Map II-1.1 Downtown Dallas This Downtown Dallas rendering shows current building footprints with the Vision illustration draped over. The color pink indicates areas envisioned as part

More information

EXPERIENCE INVESTMENT MANAGEMENT & REAL ESTATE SERVICES

EXPERIENCE INVESTMENT MANAGEMENT & REAL ESTATE SERVICES INVESTMENT & REAL ESTATE SERVICES Who We Are A trusted advisor. A consistent presence. A valued resource. Forest City Investment Management & Real Estate Services is the investment management and third-party

More information

Land Banking 101: What is a Land Bank?

Land Banking 101: What is a Land Bank? Land Banking 101: What is a Land Bank? About this Tool Description: This document provides general information on land banking. It provides a detailed definition of a land bank and discusses the four critical

More information

2. Inventory available public property within the site area. Include publiclyheld property, tax-foreclosures, and donated property.

2. Inventory available public property within the site area. Include publiclyheld property, tax-foreclosures, and donated property. Land Assembly and Redevelopment What is it? Land is location, and location is the most valuable asset in successful real estate development. The right land transaction is crucial to each of the twin objectives

More information

// Atlanta BeltLine Housing Initiative Program

// Atlanta BeltLine Housing Initiative Program // Atlanta BeltLine Housing Initiative Program March 12, 2015 3/12/2015 Atlanta BeltLine // 2015 Page 1 // Where is the Atlanta BeltLine? In the heart of the Atlanta region Connects many of Atlanta s cultural

More information

CITY OF EL PASO: SUN METRO Legislative Update Briefing

CITY OF EL PASO: SUN METRO Legislative Update Briefing CITY OF EL PASO: SUN METRO Legislative Update Briefing Updated March 2014 OUR VISION The mission of Sun Metro is to provide a first-class public transportation service to all El Pasoans and visitors so

More information

- 1 - Neighborhood Stabilization Program Information Summary Sheet

- 1 - Neighborhood Stabilization Program Information Summary Sheet - 1 - Neighborhood Stabilization Program Information Summary Sheet Eligible Uses: Purchase and rehab abandoned or foreclosed homes and residential properties. Establishing financing mechanisms for purchase

More information

Rhode Island Historic Preservation Investment Tax Credit Economic & Fiscal Impact Analysis

Rhode Island Historic Preservation Investment Tax Credit Economic & Fiscal Impact Analysis Rhode Island Historic Preservation Investment Tax Credit Economic & Fiscal Impact Analysis Prepared For: Grow Smart Rhode Island The Foundry 235 Promenade Street--Suite 550 Providence RI 02908 Submitted

More information

Risk Management in the Development of a Penta-P Project

Risk Management in the Development of a Penta-P Project Risk Management in the Development of a Penta-P Project Bill Van Meter Regional Transportation District Denver, CO Julie Skeen Jacobs Engineering Denver, CO Damian Carey Jacobs Engineering Denver, CO Don

More information

Affordable Housing Project Request For Proposals (RFP)

Affordable Housing Project Request For Proposals (RFP) Department of Planning & Community & Economic Development Community Development Division Madison Municipal Building, Suite 225 215 Martin Luther King, Jr. Boulevard P.O. Box 2627 Madison, Wisconsin 53701-2627

More information

Florida Community Loan Fund, Inc. Resources for Non-Profits

Florida Community Loan Fund, Inc. Resources for Non-Profits Florida Community Loan Fund, Inc. Resources for Non-Profits September 11, 2012 3:45pm About FCLF FCLF is a statewide federally certified Community Development Financial Institution (CDFI). Founded in 1994

More information

Building Affordable Housing for 22 Years

Building Affordable Housing for 22 Years Building Affordable Housing for 22 Years Mi Casa was founded in 1992 with a mission to foster diverse neighborhoods through redeveloping existing buildings and infill lots into affordable housing opportunities,

More information

peoria station Existing Conditions Report catalytic project Final 07.20.2014 4969 Broadway Boulder, CO 80304 303-440-9200 www.migcom.

peoria station Existing Conditions Report catalytic project Final 07.20.2014 4969 Broadway Boulder, CO 80304 303-440-9200 www.migcom. DENVER REGIONAL COUNCIL OF GOVERNMENTS peoria station catalytic project Final 07.20.2014 4969 Broadway Boulder, CO 80304 303-440-9200 www.migcom.com In association with: Fox Tuttle Transportation Group

More information

Consolidated Debt Service. #254 Consolidated Debt Service

Consolidated Debt Service. #254 Consolidated Debt Service #254 Consolidated Debt Service Fund Overview This LOB provides for the debt service expenditures for the general obligation bonds of the County as well as the general obligation bonds for the Fairfax County

More information

Residential Market. Downtown Houston

Residential Market. Downtown Houston Downtown Houston The Houston Market Houston s residential market represents one of the best values in the United States. The city ranks third in the 2010 Forbes list of best housing markets, and second

More information

Request for Information

Request for Information Request for Information Date of Issue: February 13, 2015 Responses Due: May 29, 2015 Overview Forest West Properties Inc. (FWP) is soliciting qualifications from qualified developers for the development

More information

Funding Sources for Housing Development

Funding Sources for Housing Development CHAPTER 7 Funding Sources for Housing Development Conway Pines, Conway Although funding is not the only solution to housing issues in New Hampshire, it is part of the answer. The production of new affordable

More information

WEST SIDE TRANSIT ENHANCEMENT STUDY SERVICE PLAN ASSESSMENT

WEST SIDE TRANSIT ENHANCEMENT STUDY SERVICE PLAN ASSESSMENT WEST SIDE TRANSIT ENHANCEMENT STUDY SERVICE PLAN ASSESSMENT FEBRUARY 2012 Acknowledgements PROJECT TEAM: Cindy Patton - Denver Public Works Kyle Dalton - Community Planning and Development Ryan Billings

More information

Placemaking thru Rehabilitation

Placemaking thru Rehabilitation Placemaking thru Rehabilitation A DEVELOPER S PERSPECTIVE Gary Scheuren, Scheuren & Associates October 9, 2014 Today s Topics: Drivers to Redevelopment Success Critical Downtown Building Passionate Developer

More information

Denver, Colorado 80204

Denver, Colorado 80204 PROJECT NAME: 11 th Avenue Senior Housing PROJECT ADDRESS: W. 11 th Avenue at Yates Street Denver, Colorado 80204 PROJECT OVERVIEW 11 th Avenue Housing LLC (11AH) seeks an allocation of Low Income Housing

More information

Regional Transportation District

Regional Transportation District October 2015 Regional Transportation District Created in 1969 Eight-county service area Service area: 2,340 sq. miles 2.8 million population 15 elected Board members 1 percent sales tax.6 base system.4

More information

Westminster Comprehensive Plan Overview

Westminster Comprehensive Plan Overview 3.0 Focus Areas Five focus areas are identified in the Comprehensive Plan. These areas have the greatest potential for growth and change over the next 20 years. The focus areas comprise both new and existing

More information

Approval of Term Sheet for New Carrollton Joint Development

Approval of Term Sheet for New Carrollton Joint Development Planning, Program Development and Real Estate Committee Item V B January 8, 2015 Approval of Term Sheet for New Carrollton Joint Development Washington Metropolitan Area Transit Authority Board Action/Information

More information

A. City Profile. Housing

A. City Profile. Housing I. Introduction This chapter includes a discussion of State housing element requirements and identifies where these requirements are addressed in the document. It also includes a summary of the relationship

More information

CHAPTER 1 INTRODUCTION

CHAPTER 1 INTRODUCTION CHAPTER 1 INTRODUCTION IN THIS CHAPTER Beginnings of a Great Community The 2014 Comprehensive Plan History of Arvada s Comprehensive Plan Accomplishments Since the 2005 Comprehensive Plan Update What is

More information

PROP. 41 (June, 2014): VETERANS HOUSING AND HOMELESS PREVENTION BOND ACT

PROP. 41 (June, 2014): VETERANS HOUSING AND HOMELESS PREVENTION BOND ACT Board of Directors Policy Committee: Home Ownership Housing Committee (Information only) Level of Government Committee: Legislative Committee (Information Only) May 2, 2014 PROP. 41 (June, 2014): VETERANS

More information

Mid-Coast Corridor Transit Project San Diego, California New Starts Project Development (Rating Assigned November 2014)

Mid-Coast Corridor Transit Project San Diego, California New Starts Project Development (Rating Assigned November 2014) Mid-Coast Corridor Transit Project San Diego, California New Starts Project Development (Rating Assigned November 2014) Summary Description Proposed Project: Light Rail Transit 10.9 Miles, 9 Stations Total

More information

REAL ESTATE DEVELOPERS ASSOCIATES TURNING VISION INTO REALITY

REAL ESTATE DEVELOPERS ASSOCIATES TURNING VISION INTO REALITY REAL ESTATE DEVELOPERS ASSOCIATES TURNING VISION INTO REALITY ASSOCIATES ABOUT THE PARTNERS Paul Slayton has been an active real estate developer for over 40 years. His accomplishments include the development

More information

Transit Oriented Development Economic Analysis and Market Study

Transit Oriented Development Economic Analysis and Market Study Transit Oriented Development Economic Analysis and Market Study Task 2: Regional Demand Analysis & TOD Market Analysis PREPARED FOR City and County of Denver Community Planning and Development PREPARED

More information

Station Location and Parking Supply Planning for Passenger Rail Lines

Station Location and Parking Supply Planning for Passenger Rail Lines Station Location and Parking Supply Planning for Passenger Rail Lines Author: Scott A. Burger, PE, PTOE Co-Author: Bill Byrne, PE Abstract In Denver, Colorado, the Regional Transportation District s (RTD)

More information