Augusta, Dunbar-Howard House

Closing Date: December 28, 2011
In December 2011, the Foundation provided a $131,465 loan to partially finance the acquisition and renovation of the former Azalea Inn located at 314-316 Greene Street in downtown Augusta. The completed project now houses twelve studio apartments. The total project cost is $584,343.

Project Details

Loan Recipient
Downtown Development Authority of Augusta

Sub-Recipient
Dunbar-Howard, LLC

Project Cost
$584,343

GCF Loan Amount
$131,465

DD RLF Loan Amount, if any
N/A

Project Use
Studio Apartments
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