Date Incorporated: 2018
Purpose: Affordable housing.
Land Holdings: Eight energy efficient homes in Aurora; Land for 12 town-homes and plans to purchase 20 more single-family homes in Aurora; Funding and contract to build a 92-unit condominium in Denver; Contract to purchase 26 single-family homes in Longmont; Contract to purchase 10 duplex homes in Boulder County; Partnered with developer to build 32 town-homes in Westminster.
Additional Information: Public-private partnership; Uses an appraisal formula to determine the affordability gap of properties, this cost is split municipal governments who subsidize half of the affordability gap; This one-time subsidy lowers the purchase price for home buyers, who agree to apply the appraisal formula if they wish to sell the house.
Governance Notes: Tripartite board but no voting membership; Interested in becoming a membership organization but challenged by the geographical spread of land holdings.
Partners & Funders
Purpose: Collective organization to oppose threat of displacement.
Land Holdings: Still in organizing phase.
Additional Information: GES Affordable Housing Collaborative—a partnering of community members from GES Coalition, nonprofit Brothers Redevelopment, Inc. and the Colorado Community Land Trust received $2m grant from the Colorado Department of Transportation in 2018 for mitigation of replacement housing following the expansion of Interstate 70 through the Elyria-Swansea neighborhood.
Partners & Funders
Date Incorporated: 1996
Purpose: Affordable homeownership for working class families
Land Holdings: 206 homes
Governance Notes: Board of trustees is tripartite, yet is selected by current members of the board; Membership is limited to homeowners
Additional Information: Assisted 338 families through affordable homeownership programs; Manages an additional 37 transitional housing units, 92 affordable rentals, 1 special needs housing unit, and 2 community centers
Partners: Habitat for Humanity, Greccio Housing, Partners in Housing.
Purpose: Mitigate and further prevent involuntary displacement of Denver’s vulnerable communities
Land Holdings: Six neighborhoods with affordable housing developments, apartment buildings, mixed-use commercial units, non-profit offices, and two schools
Partners: Collaborating with philanthropic funders who have catalyzed nearly $25 million in private investment to launch Elevation Community Land Trust (ECLT); Currently incubating ECLT as a separate entity, providing the technical assistance necessary to steward its successful establishment as a 501c3.