The City of Reidsville is one of five local governments to be awarded state funding this week for Rural Workforce Housing initiatives.
The announcement came from Governor Kemp’s office on Thursday, which said the money is awarded to communities that “demonstrated strong collaboration between communities and real estate developers.”
From the press release:
The City of Reidsville will receive $1,650,351 to construct necessary water, road, drainage, and sewer infrastructure improvements for the 14-acre Pine Ridge Subdivision that will support 37 new single-family homes built by Catch 22 Properties. The City of Reidsville is contributing to the total infrastructure cost of $1,690,351 with the development partner covering any project cost overage.
According to the Georgia Secretary of State, Catch 22 Properties, LLC was incorporated in February 2021. It is a private entity which owns 29 properties in Bulloch County.
The property in Reidsville is located on Highway 280. It was purchased by Myers Place, LLC, which lists Jay Swindell and Lew Graham as its Organizers, in 2021 for $140,000. While the Tattnall County Tax Assessor website names Catch 22 Properties LLC as the owner of the property, it does not reflect when it was sold to Catch 22 Properties, LLC.
This project comes at no cost to the developer unless the project runs over cost.
Other awards:
City of Blackshear
The City of Blackshear will receive an infrastructure grant of $2,450,000 to construct water, sewer, street, and drainage improvements for the 32-acre Pinehurst Village development. These improvements will enable the construction of 43 new homes across development phases two and three. Both phases will be helmed by Lloyd Investments, who is contributing to the total project cost alongside the City of Blackshear.
City of Gainesville
The City of Gainesville will be awarded $2,500,000 for necessary drainage infrastructure improvements for two local developments: the Gainesville Nonprofit Development Foundation and the Norton Agency. The former plans to construct 17-23 single-family homes while the latter will construct 66 rental housing units. The City of Gainesville is contributing to the total project cost of $3,839,675.
City of Sylvester
The City of Sylvester will be awarded $1,321,523 to construct necessary water, road, sewer, and drainage improvements to support the completion of the 47-acre Quail Pines Subdivision. Local developer Quail Pines of Sylvester, LLC, plans to construct 20-64 new homes across phases two and three of development. Both the City of Sylvester and the development partner are contributing to the total project cost of $1,849,373.
These grants total more than $10.3 million in infrastructure development, supporting nearly 312 housing units across five communities.
