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EDGE looking to create "landbank"

By John Nixon

04/07/2023

Lucas Froeschl

(KLZA)-- Falls City EDGE Executive Director Lucas Froeschl provided a quarterly report to the Falls City Council and Richardson County Commissioners this week.

Froeschl said EDGE is working with villages in Richardson County to form a Land Bank for future housing development, to assist in bringing delinquent properties to a tax-revenue producing position.

New legislation passed in 2020 allows for property to be held tax-free so it can be used to generate revenue in the future. The idea is to obtain usable spots for dwellings in the future to help alleviate the housing shortage in the area.

Recently the City of Falls City pledged $200 thousand to apply for the Rural Workforce Housing Fund grant to improve workforce housing in the community.

Froeschl also reported the EDGE Investor & Community Relations Committee assisted in mailing more than 50 invitations to area businesses and couples to join EDGE as a member-investor and get a new generation of leadership involved in the organization, designed to create prosperity for everyone involved.

If you are interested in being an member-investor in EDGE you can contact the EDGE Office at 402-245-2105.

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