Urban Land Conservancy sells TOD site
The Urban Land Conservancy today announced the sale of property at the Evans Light Rail Station along Denver’s Southwest light rail corridor for the construction of a much-anticipated, mixed-use, transit-oriented development that will include 50 workforce housing apartments.
ULC originally purchased the one-acre property at 2140 S. Delaware St. in June 2011 using Denver’s Transit-Oriented Development Fund. The $15 million TOD Fund was created in April 2010 to preserve land near transit stations for the creation of affordable housing. Housing and transportation often make up 60 percent of low-income household expenses. This new development, close to a light rail station, will provide residents with easy access to transportation, jobs, education and other services.
Home building soars in Denver area
Home building in the Denver area rose by 43.4 percent in the first four months of the year, compared to the same period in 2011, according to a report released today.
An increase in building permits for single-family, detached homes is a trend for more than a year, said Jeff Whiton, President and CEO of the Home Builders Association of Metro Denver, which released the building permit report.
Aurora Gaylord project to be reevaluated after Marriott deal
"The company will no longer view large-scale development as a means of growth and will not proceed with the Colorado project in the form previously anticipated.
"The company will reexamine how the project should could be completed with minimal financial commitment by Gaylord during the development phase."
Alpine Property Announces Bulk Sale of Mountain Sage Townhomes Development
Alpine Property announces a unique property listing in Carbondale, Colorado. The real estate listing is a bulk sale, and comprises eight recently constructed townhomes, of which seven townhomes are finished and one is partially complete. The townhomes are a mixture of 2 and 3 bedroom units, with three 2-bedroom units and five 3-bedroom units. Located on Main Street, the eight townhomes are part of the Mountain Sage Townhomes Development in downtown Carbondale.
Taxpayers may wait 15 years for GSE payback: Moody's
Taxpayers will likely wait 15 years until Fannie Mae and Freddie Mac repay their bailouts in full, according to the more optimistic forecast from Moody's Analytics.
Fannie turned its first profit in the first quarter since entering conservatorship in 2008. Freddie Mac has been operating at or near break-even for roughly six months. The improved performance prompted some to explore when the money will be paid back. Along with Freddie, the government-sponsored enterprises drew $189.5 billion from the Treasury Department as of March 31 and paid $41.1 billion in dividends.
