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

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

24 Apr 2024


News, Client Feature Article, Housing

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. 

Click here to view the full article.

 

Interested in having similar articles written for your organization? Click here to learn more about Golden Shovel Agency's Content Creation Services.

About The Author

Amanda Dodge's Profile Photo

Amanda Dodge

Copywriter

Department: Content

Amanda Dodge joined Golden Shovel Agency in November 2023. With a decade of experience in marketing, copywriting, and SEO, she has been self-employed for over eight years and has worked for in-house teams and agencies. Amanda holds a Bachelor of Science in Communication from Florida State University. She collaborates with economic development organizations to enhance their content, improve website visibility, and share community news. Based in St. Petersburg, FL, Amanda enjoys reading, traveling, and spending time at the beach.