Overview

A local family recently sold a portion of their interstate frontage farm to the Greensburg Redevelopment Commission. The Redevelopment Commission views this property, with two lakes on site, as a prime asset that can be leveraged for a housing development to expand the region’s housing product. The Redevelopment Commission posted a Request for Proposals for developers to submit their plans for the lakefront property and made the decision to partner with a regional developer/builder to develop the property. The selected proposal calls for more than 70 middle-income homes to be built on the 25-acre property. This project would be the City of Greensburg’s largest housing addition in more than 15 years, accomplishing a need that was identified in the city’s 2018 housing study. The City of Greensburg Redevelopment Commission have entered into a development agreement with Beacon Homes to deliver this project. READI investment in this project would extend water and wastewater utility infrastructure to the property to ensure that the development is feasible. The City of Greensburg Redevelopment Commission will provide matching public funds and Beacon Homes will provide the matching private funds. Construction on this project will begin in the Fall of 2022 and be completed in the Fall of 2026. Expending READI funds in initial phases of the project to ensure expenditure deadlines will be a top priority.