Rome, Olde House

Closing Date: April 12, 2006
On April 12, 2006, the Foundation closed a $116,000 loan to the Downtown Development Authority of the City of Rome. The DDA provided a simultaneous loan to Olde House, Inc. for the renovation of property located at 407-409 Broad Street in Downtown Rome. Upon completion, the property will house commercial, office and residential space.

Project Details

Loan Recipient
Rome Downtown Development Authority

Sub-Recipient
Olde House, Inc.

Project Cost
$290,000

GCF Loan Amount
$116,000

DD RLF Loan Amount, if any
N/A

Project Use
Commercial, Office, Residential
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