JAG Development, LLC Builds Houses in Milbank Through the REED Fund

This article originally appeared on and was written for Rural Electric Economic Development, Inc. (REED Fund) by Golden Shovel Agency.

The population of Milbank, South Dakota, continues to grow as more people discover this town. In 2021 alone, the population grew by 11% with nearly 3,500 residents calling Milbank home. As more people move to Milbank, demand for housing increases. To address this concern, the Rural Electric Economic Development (REED), Inc. Fund, in partnership with the Whetstone Valley Electric Cooperative, awarded a $1.5 million loan to JAG Development, LLC for a new housing development in the area.

“The total cost of the project is around $14 million, so the money from the REED Fund covers half of our budget,” says Joel Adler, owner of JAG Development, LLC. “These funds will be used for building costs so we can meet the demand for housing in the area.”

Adler and his team are building 33 single-family lots, with eight homes nearing completion as part of phase one. Two homes are already built and six more will be ready this spring.

New Housing Options Add Value to the Milbank Community

This development project directly addresses a housing need in Milbank. Not only is there a growing demand for homes in the area, but buyers want well-built properties with features and amenities that will last. The 33 properties by JAG Development are ideal for buyers who are interested in new construction from a trusted local builder. 

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