Rome, 217 Broad Street

Closing Date: January 27, 2017
In January 2017, GCF provided a $176,000 loan to the Downtown Development Authority of the City of Rome for the rehabilitation of a commercial building located at 217 Broad Street in downtown Rome. The Authority provided a simultaneous loan to Rome Historic Holdings, LLC, the project's developer. The completed project houses leasable commercial space on the first floor and seven residential apartments on the upper floors. Other project financing was provided by Heritage First Bank and the Georgia Department of Community Affairs.

Project Details

Loan Recipient
Downtown Development Authority of the City of Rome

Sub-Recipient
Rome Historic Holdings, LLC

Project Cost
$1,820,032

GCF Loan Amount
$176,000

DD RLF Loan Amount, if any
$176,000

Project Use
Mixed-Use
After
Foundation Project Impacts
299 New Downtown Businesses
1728 New Jobs Downtown
$147 Million in Private Investments
8 Cultural Facilities
288 Downtown Housing Units
157 Hotel Units Downtown
1,352,805 Redevelopment Floor Area sf
200,267 New Construction sf