WELCOME TO GOOSE CREEK COMMUNITY LAND TRUST
DEVELOPMENT PROJECTS
INVESTMENT | 750 North Street
Recycle 1956 Duplex, Construct 8 Permanently Affordable Condos in single family home footprint
OVERVIEW
Goose Creek Community Land Trust is seeking investors to purchase an equity share in its mixed-income Boulder condo project. Investments beginning at $5,000 may achieve up to a 150% return over 3 years.
PROJECT DESCRIPTION
To support its overall goals of creating highly sustainable and affordable housing within the City of Boulder, Goose Creek Community Land Trust is working with a group of local investors and potential residents who have purchased 750 North Street for a proposed affordable condo project. Final project scope for 750 North St will depend on whether the property is determined to be eligible for a density bonus allowing for eight condo units—the preferred option. Should the density bonus not be allowed, alternative options are to hold and rent the existing duplex (estimated 10% annual return after sale in year 10) or to scrape and build a new single family home with an accessory unit (83% after three years).
This project will anchor the evolving North St. Neighborhood Community and EcoDistrict. Goose Creek will own the land beneath the property to maintain long-term affordability. Private car ownership and parking will be limited to two on-street parking spots and two onsite. Residents will pay a monthly amenity fee to the Land Trust for the land lease and for a neighborhood low-carbon transportation program (electric bike and car share and discounted RTD ecopasses).
TIMELINE
Contact David Adamson for more information (303) 545-6255
LEARN & CONNECT TOGETHER
Thanks to all who came to the June 21, 2017 Housing Dialogue!
We had a large turnout of activists, innovators, and stakeholders to hear David Barrett's rousing, well-informed call to "mix it up" with a diversity of housing types across the city! We are grateful to all for making it successful (link to summary video). Stay tuned for a follow up event starting with "a "History of Boulder Housing" in Fall 2018. See our other events for opportunities to connect to and learn with other enthusiasts about the shape and quality of our city.
OUR MISSION
To ensure our land widely benefits generations of today and tomorrow, we will create, preserve and advocate for housing that is permanently attainable for a diversity of income levels.
NEWS
Call to Action: Back Porch Op-Ed: Set a Housing Goal for a Diverse Boulder and Innovate for Impact!
Members of the of the Back Porch Group: Goose Creek executive director David Adamson, Roger Lewis, Allyn Feinberg.
Leslie Durgin, Dan Powers and Leonard May (not shown: Scott Holton). This informal diverse group of housing professionals was convened by Goose Creek and over many months of discussion achieved consensus on some paths forward about how to create durably affordable, socially just and beautiful human habitat to match our gorgeous environs. Members were not participating as representatives of their organizations or of Goose Creek.
See March 11, Daily Camera Op Ed. Learn more about call to action and how to participate in Innovate for Impact.
BOULDER LAND USE POLICIES INHIBIT DIVERSITY
“He would have been brutally frank that the city is still not as diverse as it needs to be, and in part it is because of political decisions made that have escalated the cost of housing tremendously so that it limits who can afford to live in the city, which impacts the ability and the potential for diversity.”
