Bibb, Houston housing plans get tax-credit boost | Politics | Macon.com

20
Nov

Bibb, Houston housing plans get tax-credit boost | Politics | Macon.com

Four affordable-housing projects in Bibb and Houston counties will get $3.3 million in tax credits for development, 15 percent of the amount handed out statewide.

In Macon-Bibb County, renovation of the former Hunt Elementary School at 990 Shurling Drive into apartments for the elderly will get $657,286 in tax credits, which can be sold to raise money for construction, while turning the former A.L. Miller High School at 2241 Montpelier Ave. into relatively low-priced apartments will qualify the developer for about $1 million in tax credits, said Alison Tyrer, spokeswoman for the Georgia Department of Community Affairs.

In Houston County, two new construction projects get the credits: $981,733 for senior housing called Oliver Place, on Gray Road in Perry; and $692,668 for the second phase of Potemkin Senior Village at 701 Elberta Road in Warner Robins.

Chris Byrd, development associate for Oracle Consulting Services LLC, said the Kentucky-based company hopes to start work at the Miller school in March or April 2015, and construction will take 12 to 14 months.

via Bibb, Houston housing plans get tax-credit boost | Politics | Macon.com.

Comments ( 0 )