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<br />. <br /> <br />homes would be availnble to moderate- and low-income residents, the- LRA <br />created the Lowry Community land Trust (lCLT) to manage the sale of <br />up to 300 affordably priced homf'-s_ Lel T owns the land, while the homeowner <br />owns the home. Thus, the homeowner builds equity in the hOllse, but LelTs <br />land ownership keeps the res.'1le price lower so that the house remains af- <br />fordable in the futurc_ Despite these efforts, Lowry has struggled with imple- <br />menting the homeless housing provisions required under federal BRAe law_ <br />Following a lawsuit brought by homeless-assistance providers in 1999, the <br />lRA built two mixed- income apartment buildings that will house the home- <br />less, along with providing market-rate and affordably priced units. <br /> <br />Sidewalks line every street in lowry, and a trail system connects residents <br />and visitors to parks, the town center, and the popular neighborhood library. <br />Lowry also provides residents with real-time transit information and bike park- <br />ing and storage to encourage alternatives to automobile travel. <br /> <br />.- <br /> <br />-.... <br /> <br />Lowry's redevelopment has been a success for Its residents, for the cities <br />of Aurora and Denver, and forthe region as a whole. Between 2003 and 2005, <br />home values at Lowry increased an average of 9.42 percent, outperforming <br />Denvers median increase of 2_7 percent.xxxi Lowry employees have created a <br />net economic benefit to the city nnd county of Denver of $1.4- billion, including <br />wages, retail sales, and purchases. Lowry residents have generated $188 mil- <br />lion to the city and county of Denver through spending and sales and property <br />taxes_ The LRA estimates that between 1994 and 2003, the entire redevelop- <br />ment created a $4 billion gross economic impact and created a tax base where <br />there was none previously. Extensive community involvement, thouQhtful <br />attention to design principles, and neighborhoods wIth lasting amenities have <br />ensured Lowry's Success. <br /> <br />Web site: www.lowry.ory. <br /> <br />. <br /> <br /> <br />"The renovated build- <br />ings, recycled runways, <br />and other elements <br />anchor residents to <br />Lowry's heritage, while <br />we build a new legacy <br />for the future. The <br />Lowry Redevelopment <br />Authority and other <br />entities have worked <br />hard to preserve the <br />sense of place that <br />Lowry has always <br />possessed. " <br /> <br />Amy Ford, neighborhood leader"><>.ii <br /> <br /> <br />Lowry is just a short distance from downtown <br />Denver. <br /> <br />111111 <br /> <br />37 <br />