On December 5, 2019, the Foundation provided a $211,439 loan to the Downtown Development Authority of the City of Monroe to assist in partially financing the acquisition and build-out of a commercial building located at 202 E. Spring Street in downtown Monroe. The Authority provided a simultaneous loan to Pimento Investments, LLC, the project's developer. The completed project houses a restaurant, LR Burger.
Project Cost: $1,074,597 GCF Loan Amount: $211,439