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Developer seeks site-control for 60–70-unit workforce housing project; tax-credit application due in May
Summary
Pressley Development asked the Forest Park Development Authority to allow a purchase agreement for two parcels as part of a proposed 60–70 unit workforce housing project that will apply for low-income housing tax credits in May; site-control and contract contingencies were discussed and an executive session was proposed to consider terms.
Pressley Development Company, represented by Max Cuffton, asked the Forest Park Development Authority on March 26 to finalize approval of land acquisition for two parcels needed for a proposed workforce housing development.
Cuffton said the developer expects to submit a low-income housing tax credit application to the Georgia Department of Community Affairs (DCA) in mid‑May; DCA’s process this season is two-stage, with awards typically announced in the fall. He told the authority the project would include roughly 60 to 70 residential units, of which six would be market‑rate and the…
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