Valdosta, IDA Building

Closing Date: August 19, 2019
On August 19, 2019, the Foundation provided a $250,000 loan to the Central Valdosta Development Authority to partially finance renovations to a commercial building located at 121 & 123 N. Patterson Street in downtown Valdosta. The Authority provided a simultaneous loan to IDP Building, LLC, the project's developer. The completed project houses street-level commercial space and upper-level office space. Other project financing was provided by Colony Bank and the Georgia Department of Community Affairs.

Project Details

Loan Recipient
Central Valdosta Development Authority

IDP Building, LLC

Project Cost

GCF Loan Amount

DD RLF Loan Amount, if any

Project Use
Office and Commercial
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