Rome Tables TAD Funding for Match Point Way Project

The Rome City Commission postponed a $5.6 million tax allocation district request for a 37.9-acre residential development.

Updated on Nov. 10, 2026 in Apartments

Rome Tables TAD Funding for Match Point Way Project

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The Rome City Commission tabled tax allocation district funding for a residential development on 37.9 acres on Match Point Way, between the Armuchee Connector and Old Dalton Road. RNG Investments, LLC submitted plans for 240 multifamily units and 120 townhomes.

Why it matters

The item was tabled because final covenants for the development agreement had not yet been received, and the Rome Redevelopment Agency intended final approval at the commission meeting. The project is expected to strengthen the local economies of Rome and Floyd County and help address retail challenges at Rome's Mount Berry Mall.

The request totals $5,600,000, equal to 86.63% of the projected $6,464,027 in incremental taxes over seven years. The City and Rome City Schools would retain roughly $864,000 in property taxes from the site over that period, and the final covenants remain outstanding.

The players

RNG Investments, LLC

The company that submitted plans for the 240 multifamily units and 120 townhomes on Match Point Way.

Rome City Commission

The local governing body of Rome, Georgia, which tabled the TAD funding request.

Rome Redevelopment Agency

The municipal agency that intended to grant final approval for the TAD funding at the commission meeting.

The details

Under a tax allocation district, property tax increases from improvements are directed back into the project for a set number of years. The development site sits between the Armuchee Connector and Old Dalton Road, near a large tennis center, a hotel, and a shopping mall.

Seven years: TAD tax increment collection period for the project.
Next meeting: Rome City Commission to take up the tabled TAD funding item.

Roadmap

The request applies Georgia's tax allocation district mechanism to a residential project rather than the commercial redevelopment it is typically associated with. Rome's commission is weighing whether public increment financing should support new apartment and townhome supply on the city's southern edge.

Rome residents would see the project's tax increment routed back into development for seven years, with the city and schools retaining about $864,000 in property taxes over that period. New renters and townhome buyers would gain roughly 360 additional housing units in the area if the project moves forward.

The takeaway

Public incentive decisions like this one hinge on the fine print: the request was held back until final covenants are in hand. Residents and developers alike should track the next commission agenda to see how those terms are settled.

What happens next

The Rome City Commission is expected to take up the tabled TAD funding item at its next meeting, once final covenants are incorporated into the development agreement.