Established by numerous partners including the Urban Land Conservancy (ULC), Enterprise Community Partners, and the City and County of Denver, the Denver Transit-Oriented Development Fund aims to support the creation and preservation of over 1,000 affordable housing units in current and future transit corridors. The revolving loan fund, which currently totals $24 million, makes capital available to purchase and hold sites for up to five years along current and future rail and high frequency bus corridors in the Denver metro region. As of 2013, the fund was credited with preserving or creating 626 affordable homes and 120,000 square-feet of commercial space, and creating over 700 jobs. The $24 million investment is expected leverage over $500 million in local economic development activity.