Downtown Development Revolving Loan Fund (DD RLF)
Program Description | Downloads & Related Links | Contact Information
Jobs and Private Investment -- CDFD’s "Gap Financing" is Paying Dividends
See Bridging the Financing Gap for details.
The purpose of the Downtown Development Revolving Loan Fund (DD RLF) is to assist cities, counties and development
authorities in their efforts to revitalize and enhance downtown areas by providing below-market rate financing to fund
capital projects in core historic downtown areas and adjacent historic neighborhoods where DD RLF will spur commercial
Eligible applicants under this program shall be municipalities with a population of 100,000 or less, counties with
a population of 100,000 or less proposing projects in a core historic commercial area, and development authorities
proposing projects in a core historic commercial area in municipalities or counties with a population of 100,000 or
less. The ultimate user of funds may be a private business or a public entity such as a city or development authority.
Applicants must demonstrate that they have a viable downtown development project and clearly identify the proposed
uses of the loan proceeds. Once approved, funds may be used for such activities as: real estate acquisition, development,
redevelopment, and new construction; rehabilitation of public and private infrastructure and facilities; purchase of
equipment and other assets (on a limited basis).
The maximum loan is $250,000 per project. Applications will be accepted throughout the year and as loan funds are
available to the Department.
Downloads & Related Links
DD RLF Fact Sheet (PDF)
DD RLF Initial Project Assessment (IPA) (PDF)
DD RLF Application (PDF)
DD RLF Regulations (PDF)
How to Apply & Tips for Closing Great Projects (YouTube video)
DD RLF Program Manager
Georgia Department of Community Affairs
60 Executive Park South, N.E.
Atlanta, Georgia 30329-2231