Tax credit loan goes to Jacoby Development

Using $30 million of tax credit authority, IDI loaned $6 million to Jacoby Development Inc., which also oversaw the development of Atlantic Station, a live-work-play community in Midtown Atlanta. The remainder of the $30 million also went to Jacoby as a low-interest loan.

Phase I of the project includes demolition and remediation of the site that once housed the Ford Motor Co. plant in Hapeville. Imagine Downtown is an affiliate of Atlanta Development Authority and Central Atlanta Progress. GERTHA COFFEE

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