Ellijay, 6 River Street

Closing Date: December 20, 2018
On December 20, 2018, GCF provided a $178,000 loan to the Downtown Development Authority of the City of Ellijay. The DDA made a simultaneous loan to Grace Grace Investments, LLC to partially finance the acquisition and renovations of a building located at 6 River Street, Ellijay, Georgia. The completed project will contain five commercial spaces and four residential apartments

Project Details

Loan Recipient
Downtown Development Authority of the City of Ellijay

Sub-Recipient
Grace Grace Investments, LLC

Project Cost
$531,000

GCF Loan Amount
$178,000

DD RLF Loan Amount, if any
N/A

Project Use
Mixed-use
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