Magnolia Trace: Money Trail Traces to the Gold Dome

**City Stink Exclusive!**


Magnolia Traces to the Gold Dome

By IndyInjun

 Old Gomer Pyle used to say “ Surprise, Surprise, SURPRIZE!!!” Well, the money trail from Magnolia Trace , LLC to Affordable Equity Partners of Columbia Missouri, might fork, meander, double back, and double CROSS, but the sleuth hounds of Augusta Today and CityStink.net are rarely shaken or even stirred in pursuit. The quarry was found in the bowels of a gold-domed lair in Atlanta.

Does this surprise anyone? It shouldn't.

Affordable Equity Partners, Inc. boasts a leadership team headed by Jeffery Smith of parent JES Holdings, with affiliated companies named ES Dev Co, Inc., Fairway Construction Co., Inc., Fairway Management, Inc., and Capital Health Management, Inc. An article on StLouisToday.com exposes how Smith and his companies have played the campaign contribution and lobbying game very well in Missouri to the tune of capturing $26 million for low-income housing projects into 2009.

Has AEP played the same game in Georgia? Their own words suffice to provide our answer. "AEP has been involved in Georgia since the initial introduction of the state tax credit and was instrumental in formulating the revisions to the statutes in 2001."

At this juncture, the process of following all of the related parties, employees, PAC's and agents is not complete. There will be more to come.

What is revealed so far by researching these entities' contributions via the Georgia Ethics Commission Campaign Contributor database?

Lt. Governor Casey Cagle got $882.50 from AEP going back to 2008. Sister company Capital Health Management Inc. gave Cagle another $10, 453.50 and gave House Speaker David Ralston $5000 in 2011, this nonelection year.

Then there are the PAC's. 

• Capital Health Management is shown to be the overwhelming contributor to The Fund for Georgia's Future. 
• The Fund for Georgia's Future gave Committee to Elect Ben Harbin,  $1500 in 2008. 
• The Georgia Link Pac for Good Government got the majority of its funding from Capital Health, too. 
• Disgraced and resigned House Speaker Glenn Richardson's MMV Fund got $2,500 from The Georgia Link Pac for Good Government.
• AEP also contributed to the Committee for Affordable Workforce Housing. Strangely, the reported contributions are small, relative to the $tens of thousands doled out to politicians. 
• This PAC gave Columbia County Representative Lee Anderson $450 and  Rep. Ben Harbin $1100. 
• Last year, this Committee for Affordable Workforce Housing gave Governor Nathan Deal's Campaign $6,300.

At this juncture, the Augusta Today and CityStink.net team is investigating another Missouri based entity that was noted to be working in conjunction with the AEP affiliate Capital Health Management to fund one of these PAC's. The company has contributed many thousands of dollars to Georgia's Legislators.

Was it coincidence that Ron Cross, a Nathan Deal supporter, and Trey Allen, Nathan Deal's Columbia County Campaign Chairman, scurried to meet with Magnolia Trace developers in County Attorney Doug Batchelor's office? 

Or did they get calls from Casey Cagle, Nathan Deal, David Ralston, Ben Harbin, and Lee Anderson “encouraging” the meeting and their subsequent resolution in support of this unwanted public housing development?

Only the unforeseen and unpredicted are surprises.

Even a Gomer Pyle knows the score on this one.***

More to come.


Below is a pdf file showing the State of Georgia Housing tax credit plan that AEP helped write for itself into law. It's heavy reading for those of you with some time to kill.
AEPtaxcredits

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