September 25, 2019–8:10 a.m.
Plans for the rehabilitation of the Callier Forest Apartments are moving forward.
On Monday night, the Rome City Commission approved a resolution for the issuance of multi-family housing revenue bonds by the Northwest Georgia Housing Authority.
Rome City Manager Sammy Rich said the project is a 130 unit development.
“This is a $10 million dollar project,” he added. “There is no liability or obligation for the City of Rome as a sister agency.”
Bonds for the project will be payable solely from the revenues derived from the borrower, which is LRC Callier Forest, LLC.
You can read the resolution approved by the city commission here.