Developer Receives $1.5 Million In Tax Credits For Affordable Housing

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https://www.GoodMorningGwinnett.com
Two affordable rental housing projects in Norcross are getting state tax credits to spur their development.

City officials announced the projects, which are being developed by Walton Communities and Blue Ridge Atlantic Development, are among 28 projects around the state that will receive $27.98 million in 9% Housing Tax Credits from the the Georgia Department of Community Affairs to build or preserve 28 affordable rental housing developments.

Walton Communities and Blue Ridge Atlantic Development each received $1.15 million in tax credits.

“The City of Norcross is so excited for the opportunity to provide additional affordable housing to our local community,” Norcross Mayor Craig Newton said in a statement. “We take pride in providing the support, resources and access so everyone has a place to call home.”
SOURCE: www.GwinnettDailyPost.com Curt Yeomans

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