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Atlanta, GA ~ In a recent announcement, Governor Brian P. Kemp of Georgia revealed the fourth round of grant recipients from the Rural Workforce Housing Initiative. This initiative, which was first introduced in the Governor's 2023 State of the State Address, aims to address the critical need for workforce housing in rural communities across the state.
The grants, totaling over $10.3 million, will support the development of nearly 312 housing units in five different communities. Governor Kemp expressed his excitement about the impact these grants will have on rural Georgia, especially as the state continues to experience historic economic growth and development.
The Rural Workforce Housing Initiative was initially funded with $35.7 million by the Georgia General Assembly in 2023. However, Governor Kemp requested an additional $50 million in the Amended Fiscal Year 2024 budget and an extra $6 million for Fiscal Year 2025 to further expand its impact. These additional funds were approved and signed into law earlier this year.
According to Department of Community Affairs Commissioner Christopher Nunn, there is a growing demand for workforce housing as Georgia's economy continues to thrive. He also commended the OneGeorgia Authority for supporting communities that are actively pursuing strategies to address this issue.
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To be eligible for these grants, recipients had to meet certain requirements set by both OneGeorgia Authority and Department of Community Affairs. They also had to demonstrate strong collaboration between their community and real estate developers. The use of funds is subject to all applicable state laws and regulations.
The City of Blackshear is set to receive an infrastructure grant of $2,450,000 for their Pinehurst Village development project. This grant will cover water, sewer, street, and drainage improvements necessary for the construction of 43 new homes across two phases. The project cost will be shared between Lloyd Investments and the City of Blackshear.
Meanwhile, the City of Gainesville will receive $2,500,000 for drainage infrastructure improvements for two local developments: the Gainesville Nonprofit Development Foundation and the Norton Agency. These developments plan to construct a total of 83 new housing units, with the city contributing to the project cost of $3,839,675.
The City of Reidsville will use their grant of $1,650,351 to construct water, road, drainage, and sewer infrastructure for the Pine Ridge Subdivision. This will support the construction of 37 new single-family homes by Catch 22 Properties. The City of Reidsville is also contributing to the total infrastructure cost of $1,690,351.
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In Sylvester, the City will receive $1,321,523 for necessary water, road, sewer and drainage improvements for the Quail Pines Subdivision. This development project by Quail Pines of Sylvester LLC plans to build 20-64 new homes across two phases. The total project cost is shared between the City and the development partner.
Lastly, the Development Authority of Bulloch County will receive $2,437,520 for road and drainage improvements at Cornerstone Point development. This will support the construction of 79 new single-family homes by VALNOC LLC. The total project cost is $3,108,620 with contributions from both Bulloch County and the development partner.
The grants awarded in this fourth round continue to demonstrate meaningful changes in workforce housing for these communities and highlight the transformative benefits of this program. All OneGeorgia funds must be used within two years from their award date as specified in grant or loan documentation.
Governor Kemp expressed his gratitude towards Department of Community Affairs and OneGeorgia Authority board for making these grants available to communities that need them most. With these investments in workforce housing development across rural Georgia, it is clear that Governor Kemp's vision for economic growth and prosperity extends beyond just urban areas.
The grants, totaling over $10.3 million, will support the development of nearly 312 housing units in five different communities. Governor Kemp expressed his excitement about the impact these grants will have on rural Georgia, especially as the state continues to experience historic economic growth and development.
The Rural Workforce Housing Initiative was initially funded with $35.7 million by the Georgia General Assembly in 2023. However, Governor Kemp requested an additional $50 million in the Amended Fiscal Year 2024 budget and an extra $6 million for Fiscal Year 2025 to further expand its impact. These additional funds were approved and signed into law earlier this year.
According to Department of Community Affairs Commissioner Christopher Nunn, there is a growing demand for workforce housing as Georgia's economy continues to thrive. He also commended the OneGeorgia Authority for supporting communities that are actively pursuing strategies to address this issue.
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To be eligible for these grants, recipients had to meet certain requirements set by both OneGeorgia Authority and Department of Community Affairs. They also had to demonstrate strong collaboration between their community and real estate developers. The use of funds is subject to all applicable state laws and regulations.
The City of Blackshear is set to receive an infrastructure grant of $2,450,000 for their Pinehurst Village development project. This grant will cover water, sewer, street, and drainage improvements necessary for the construction of 43 new homes across two phases. The project cost will be shared between Lloyd Investments and the City of Blackshear.
Meanwhile, the City of Gainesville will receive $2,500,000 for drainage infrastructure improvements for two local developments: the Gainesville Nonprofit Development Foundation and the Norton Agency. These developments plan to construct a total of 83 new housing units, with the city contributing to the project cost of $3,839,675.
The City of Reidsville will use their grant of $1,650,351 to construct water, road, drainage, and sewer infrastructure for the Pine Ridge Subdivision. This will support the construction of 37 new single-family homes by Catch 22 Properties. The City of Reidsville is also contributing to the total infrastructure cost of $1,690,351.
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In Sylvester, the City will receive $1,321,523 for necessary water, road, sewer and drainage improvements for the Quail Pines Subdivision. This development project by Quail Pines of Sylvester LLC plans to build 20-64 new homes across two phases. The total project cost is shared between the City and the development partner.
Lastly, the Development Authority of Bulloch County will receive $2,437,520 for road and drainage improvements at Cornerstone Point development. This will support the construction of 79 new single-family homes by VALNOC LLC. The total project cost is $3,108,620 with contributions from both Bulloch County and the development partner.
The grants awarded in this fourth round continue to demonstrate meaningful changes in workforce housing for these communities and highlight the transformative benefits of this program. All OneGeorgia funds must be used within two years from their award date as specified in grant or loan documentation.
Governor Kemp expressed his gratitude towards Department of Community Affairs and OneGeorgia Authority board for making these grants available to communities that need them most. With these investments in workforce housing development across rural Georgia, it is clear that Governor Kemp's vision for economic growth and prosperity extends beyond just urban areas.
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