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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
335 New Downtown Businesses
2196 New Jobs Downtown
$208 Million in Private Investments
8 Cultural Facilities
347 Downtown Housing Units
157 Hotel Units Downtown
1,600,000 Redevelopment Floor Area sf
229,000 New Construction sf