Valdosta, Coleman Project

Closing Date: January 19, 2005
In January 2005, the Foundation provided a $250,000 loan to the Central Valdosta Development Authority for the renovation of a two-story structure in downtown Valdosta. The first floor now contains three commercial spaces, while the second floor contains four loft apartments.

Project Details

Loan Recipient
Central Valdosta Development Authority

Sub-Recipient
Roz Properties, LLC

Project Cost
$662,627

GCF Loan Amount
$250,000

DD RLF Loan Amount, if any
N/A

Project Use
Commercial/Residential
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