Josh Thomason and Max Elbe came to Gray Jan. 6 to meet with the housing committee members with a two fold goal. The first was to talk about their proposed development that would be located off Highway 18 East just past the Jones County Sheriff’s Department, and the second was to ask for a support letter for the project.
Thomason and Elbe are principals with Peachtree Housing Communities, and this was not their first visit to Gray.
At the conclusion of last week’s meeting, housing committee chairman Donald Black agreed to provide a letter of support for the project.
“When we were accepted into the Georgia Initiative for Community Housing program, our goal was to find affordable housing. I’m excited about this,” Black commented.
According to the company’s website, Peachtree Housing Communities was formed in 2010 and specializes in projects that benefit from federal and state tax credits and grant programs.
A tax credit differs from an income tax deduction. An income tax deduction lowers the amount of income subject to taxation. A tax credit, however, lowers the amount of tax owed and is leveraged with private investment to allow the development to construct higher quality units, which can be made more affordable.
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