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https://www.denvergov.org/content/denvergov/en/dedevelopment/newsroom/2019/LandTrusts.html

City and County of Denver
Denver Economic Development & Opportunity

Contracts totaling $5.5 Million, supporting land trusts and long-term affordable home ownership, to be introduced to City Council in the coming weeks for approval

The City and County of Denver announced today a groundbreaking new partnership that will create dozens of new affordable homes for purchase and will keep them affordable for the next century. Denver Economic Development & Opportunity (DEDO) has negotiated pending contracts with three housing partners, which in total will create 79 affordable home ownership units citywide for moderate-income households, and, following months of work alongside the Globeville, Elyria-Swansea (GES) Affordable Housing Collaborative and their partners, will make possible land acquisition for future construction of multifamily affordable housing in the GES neighborhoods. Through a land trust model, the majority of these units will be permanently affordable through a 99-year ground lease.

“Working families make up the backbone of our city and these partnerships will make it possible for people to purchase an affordable home for generations to come,” Denver Mayor Michael B. Hancock said. “These agreements are the result of months of work to find the right solution for our neighborhoods to address their housing needs while maintaining the essential fabric of these communities.”

Proposed investments totaling $5.5 million will create long-term affordable homeownership opportunities throughout the city, while placing a targeted focus on the GES neighborhoods. The City worked with the GES Coalition for several months to develop a model that adds multifamily affordable housing and ensures the units are permanently affordable through a 99-year ground lease.

In addition to the GES Affordable Housing Collaborative, proposed contract partners also include Elevation Community Land Trust, and Habitat for Humanity of Metro Denver. The pending agreements largely call for the acquisition of existing properties, which would then be refurbished prior to sale to households earning up to 80 percent of the area median income (up to $52,000 for a single-person household, or up to $66,850 for a family of three).

Exploring the land trust concept is a key recommendation of the city’s five-year housing plan, Housing an Inclusive Denver. Community land trusts involve a local nonprofit acquiring a parcel of land and pledging to use it for purposes that benefit the neighborhood, including affordable housing. The nonprofit builds a home on the land and sells it to someone in need. The nonprofit retains ownership of the land that the house sits on, leasing it to the homeowner for a designated time period, typically 99 years.

A pending contract with Elevation Community Land Trust provides $3 million to support the development of 60 income-restricted homeownership units citywide, with the exception of the GES neighborhoods. Elevation will acquire properties to be placed into a land trust to ensure permanent affordability for a minimum of 99 years. Properties may include vacant land, existing single-family homes targeted for rehabilitation, and multifamily properties, ranging from two to ten units, to be converted to affordable condominiums.

“In the face of gentrification and increasingly out of reach home prices, the community land trust model is a tool to prevent displacement and provide economic opportunity to hardworking families who want to stay in the neighborhoods they love. Elevation Community Land Trust looks forward to working alongside the City of Denver in ensuring there is a home and an opportunity for everyone,” said Stefka Fanchi, CEO of Elevation Community Land Trust.

A pending $2 million contract with the GES Affordable Housing Collaborative, which consists of Brothers Redevelopment, Inc., the GES Coalition and the Colorado Community Land Trust supports land acquisition of one site within GES, suitable for development of a multitude of multifamily housing units. Additionally, the contract supports production of nine income-restricted homes in the GES neighborhoods, each of which would be placed into the Colorado Community Land Trust for at least 99 years.

“Brothers Redevelopment is honored to work alongside the City of Denver and our partners in the GES Affordable Housing Collaborative, including the Colorado Community Land Trust and the GES Coalition, as we work together to create new affordable housing options for the residents of Globeville, Elyria-Swansea,” said Jeff Martinez, president of Brothers Redevelopment. “Leveraging this historic investment and working together to establish a new community land trust for residents of these proud and historic neighborhoods, we can maintain long-term affordability, prevent displacement of multigenerational families, and promote stability throughout the community.”

A pending $485,000 contract with Habitat for Humanity of Metro Denver will support the acquisition and refurbishing of 10 homes for future affordable for-sale housing. Long-term affordability will be ensured through a 90-year restricted covenant.

“Habitat for Humanity has been building and preserving affordable homeownership in Denver for 40 years,” shares Heather Lafferty, CEO of Habitat for Humanity of Metro Denver. “We know how impactful long-term affordable homeownership can be for families, neighborhoods, and entire communities. With this important funding from the City of Denver, we’re excited to preserve even more affordable housing for hardworking, income-qualified families.”

The partnerships with Elevation Community Land Trust and the GES Affordable Housing Collaborative require approval by Denver City Council prior to implementation. Contracts are anticipated to be presented to City Council in the coming weeks.

“These partnerships go a long way toward preserving affordable home ownership opportunities throughout Denver,” said Britta Fisher, Chief Housing Officer of DEDO. “These proposed investments build upon our existing housing partnerships and will surely serve as a model upon which we can expand future homeownership opportunities.”

FROM:

Derek Woodbury
O: 720.913.1608
M: 303.895.6845
derek.woodbury@denvergov.org


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*CDOT awarded Brothers a $2 million grant to preserve the historic GES neighborhood amid Interstate-70 expansion

**Brothers’ Home Modification and Repair is fixing what’s broken!

***Paint-A-Thon volunteers making a difference here!

DENVER, April 25 — Alongside the disruption of construction and the tangles of traffic with I-70’s overhaul, good things are also happening for residents in Globeville Elyria-Swansea, as nonprofit Brothers Redevelopment Inc. works to preserve and stabilize their neighborhoods.

Beginning in mid-March and building momentum this April, Brothers has begun protecting and prettifying GES homes with its volunteer-powered Paint-A-Thon exterior makeovers and its Home Modification and Repair pros.

This Saturday, April 27, the Peña home at 4975 Steele Street in Denver gets a shiny coat of paint from a Paint-A-Thon volunteer team made up of alumni from the University of Central Florida. Mr. Peña has been a real team player, and we’re grateful to him for helping us get the word out that Brothers is on the ground to help out homeowners in this distinctive historical neighborhood.

Richard and Mary Ellen Pena have lived in their GES neighborhood their whole lives. They love their home, yard, garden and neighbors. Richard worked in the trades his entire life until a serious back injury disabled him. 

Between blizzards in March, Brothers harnessed the power of students on spring break to paint the Montoya home in a GES Paint-A-Thon. We have another GES  project already on the books for May 18 with 25 volunteers leaving the bench and bar for a Saturday Paint-A-Thon. When not sprucing up homes, this volunteer crew, the Rhone Brackett Inn of Court, promotes ethics, skills and professionalism in the legal field.

Brothers invested almost $10,000 to make over a bathroom for Mrs. Medina, a senior resident with a long history in this neighborhood. And, elsewhere in the area, HMR is hard at work improving overall conditions and safety in the basement of another elderly neighbor’s home.

This is just the start for Brothers. We are planning more projects, tapping the $2 million grant that the Colorado Department of Transportation awarded us to help prevent displacement of GES residents.

Brothers is part of the GES Affordable Housing Collaborative, a partnering with community members in the GES Coalition and the Colorado Community Land Trust (CCLT).

  • The generous $2 million CDOT grant awarded Brothers is for mitigation of impacts due to the expansion of Interstate 70 through the neighborhoods. It enables the collaborative to acquire single-family homes for placement in the neighborhood land trust, by which residents may own their dwellings and even resell them, while the land itself remains in trust for the community.
  • The partners will set aside an estimated $300,000 to rehabilitate houses and preserve the hard-earned equity of existing homeowners.
  • Other portions of the grant will be applied toward new construction/redevelopment of parcels/properties that also will provide affordable housing for dozens of families in the neighborhood.

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We’re not shutting down just because winter keeps rearing its snowy head.

With spring and weather winter taking turns this March, Paint-A-Thon’s volunteer crews mobilized and were in shirtsleeves on sunny Tuesday doing what we do best — making over a home’s exterior in one day. Before Wednesday’s  blizzard. And we are back to  work again.

Paint-A-Thon, one part of nonprofit Brothers Redevelopment’s Aging in Place Initiative, is working to keep older Coloradans and persons with disabilities in their homes, where they want to be.

Our Paint-A-Thon homeowner on Tuesday, Stella Montoya, has lived in her GES neighborhood for more than 44 years. The former cafeteria manager at Garden Place Academy in Globeville is currently the primary caregiver for her disabled son and her grandson. Widowed four years ago, she is holding the family together in the neighborhood she loves.

Stella is concerned with the magnitude of potential change that commercial development and reconstruction of Interstate 70 will bring about in her neighborhood. But she is a proud resident and has chosen to stay, despite many of her neighbors and family members moving away.

While most Paint-A-Thon volunteers are from the Denver area, they hail from all over. Dordt College volunteer teams are here on spring break from Sioux Center, Iowa, because they know a few days spent with Brothers’ Paint-A-Thon will make great positive changes in Stella’s and others’ lives that will last for many years to come. And they have fun.

And Brothers’ efforts in Globeville Elyria-Swansea don’t end with exterior house painting. Brothers received a $2 million grant from the Colorado Department of Transportation in late 2018 to preserve and protect historic working-class neighborhoods in Globeville Elyria-Swansea. Our Home Modification and Repair program will help with essential repairs as well as safety and access modifications for residents in these neighborhoods.

Brothers also joined in forming the innovative GES Affordable Housing Collaborative with community members in the GES Coalition and the Colorado Community Land Trust. The collaborative will acquire homes for placement in the neighborhood land trust and develop other single- and multifamily housing. This effort will provide attainable homes for dozens of families while maintaining the neighborhood’s character and local control.

A little help in GES — and all over Brothers’ Front Range service area — goes a long way toward keeping people in their homes, maintaining property and property values and boosting the whole community.

 

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DENVER– The Apartment Association of Metro Denver (AAMD) and housing nonprofit Brothers Redevelopment are bringing together property owners, housing experts and prospective tenants to forge solid new partnerships over the next year.

Thanks to AAMD’s generous grant of $5,000 in early December, and Brothers Redevelopment’s expertise in making homes attainable for Denver Metro residents, the collaboration promises to bring practical solutions to a challenging rental market.

“We’re always looking for ways to build strong relationships within our community,” said Nancy Burke, vice president of government affairs. “Brothers Redevelopment’s growing success with its Landlords Opening Doors (LOD) initiative demonstrates that strategic thinking and great representation can carry residents across new thresholds.”

Through LOD, Brothers Redevelopment works with the Colorado Department of Health Care Policy and Finance and with the Colorado Division of Housing to recruit landlords and property owners willing to rent their apartments or homes to individuals with housing vouchers.

“Today’s housing market is challenging, but we are working on ways to decrease uncertainty and problems for landlords and property managers,” said Jeff Martinez, president of Brothers Redevelopment. “We are entirely committed to removing barriers to attainable housing for Colorado’s vulnerable population. This partnership is a win for our communities.”

Brothers Redevelopment’s track record in making successful connections between landlords and renter-ready tenants has enabled it to develop an even bigger pipeline for voucher programs dedicated to removing barriers to housing for vulnerable populations.

Through their partnership, the Apartment Association of Metro Denver and Brothers Redevelopment will also help renters understand their rights and responsibilities. AAMD and Brothers Redevelopment’s housing navigators will work together to develop best practices for matching diverse residents with properties and creating successful and stable leasing arrangements. Brothers Redevelopment’s deep experience in consumer and specialized housing education — and experience as an administrator of Denver’s Temporary Rent and Utility Assistance program — will provide insight for landlords into potential tenants as well as resources and expertise. 

Conversely, Brothers Redevelopment’s housing navigators are eager to hear from landlords and property managers about their goals, needs and concerns. The housing navigators are working in conjunction with AAMD educational offerings to assist landlords who may seek additional education or advice on a variety of topics.

This promises to be a valuable and innovative collaboration that could go a long way toward making housing attainable for more Front Range residents as well as prepare apartment-seekers to be better tenants, ultimately creating an underlying foundation of trust and understanding in our community for both renters and landlords.

About the Apartment Association of Metro Denver

The Apartment Association of Metro Denver is among the largest multifamily housing trade associations in the country, representing and supporting over 336,000 apartment homes in Denver.

For more information about AAMD, please visit aamdhq.org.


2250 Eaton St., Suite B,
Denver, CO 80214

Main Phone Number: 303-202-6340
CHC Phone Number: 844-926-6632
Brothers Property Management:
877-751-9990
TTY 711
info@brothersredevelopment.org

Copyright Brothers Redevelopment Inc. 2013-2018. All rights reserved.

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