This is a good question which took nearly 100 years to answer. First let me clarify what everyone agrees on (including the posters above, I believe). The light and a freely falling reference mass stay at the same "height" in all reference frames. If you look at it from a frame moving relatively to the reference mass, the light trajectory is curved.
Many papers appeared, mostly in the American Journal of Physics (which has educational interests) saying that indeed light bends by exactly the amount expected from Newtonian gravity. This is called the principle of equivalence, which the question didn't mention but I assume you are familiar with it since the setup is the same.
The problem is that light bending near the sun or other astronomical object is twice the Newtonian amount. All of the early papers said the extra bending was not covered, explained or included in the elevator experiment (equivalence). Some people, even myself for a while, supposed equivalence to be broken, and GR experts talked of accumulated bending over distances as if that answered the question. Unfortunately, all bending is accumulated over distances, including the Newtonian kind, so that is not really an answer.
In 2002 a paper appeared in AJP by Ferraro deriving all of the bending from equivalence. And it suggests your uncle was on to something, even if he didn't have a complete explanation. The light cannot move straight across the elevator in the same amount of time that it moves through a curved arc across the elevator. this causes some "turning" of the wavefronts which are in addition to the relative "falling" (because actually the elevator accelerated away).
Viewed from a later time in the frame of the elevator, when it is moving relative to the reference mass and (formerly horizontal) light path, time is dilated in the frame of the reference mass. That means all velocities are slower in that frame. So for the moving observer, who sees a curved light path, it takes longer for the light to cross the elevator. So what, you may be asking. I will tell.
Suppose you are at a fixed point in the elevator, and you release a reference mass and a horizontal pulse of light at the same time. You observe objects below you, including the reference mass and light ray. The farther they are below you, the more you have accelerated since you were in the same reference frame (at the same height). Therefore, the more you see them as time dilated, and the horizontal progress of the light as slow (though it its curved track it still goes at the speed of light).
So, you see the horizontal component of the velocity of light, the part subject to time dilation, as slower and slower at greater distances below you. This is like light passing through any substance which reduces its speed, and leads to Huygens refraction bending.
While that is not the official explanation given by Ferraro, I think having read that, you can read the conclusion of Ferraro's paper and get something out of it, even if you don't follow all the math. Ferraro's paper is also on arXiv and you can download it for free:
http://arxiv.org/pdf/gr-qc/0209028.pdf