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EDA hears presentation on ARS (Acquire‑Renovate‑Sell) options; no formal funding encumbrance set
Summary
A developer described how an ARS (Acquire‑Renovate‑Sell) pipeline could be operated for Grayson County, including partnerships with Jimmy Moss as grant administrator and the developer providing remodeling and resale services; the EDA discussed whether to encumber funds for potential property purchases but did not set aside a fixed amount.
An external developer addressed the Grayson County Economic Development Authority about running an ARS program — Acquire, Renovate and Sell — for the county, describing how their organization can manage property selection, rehabilitation and resale aimed at first-time homebuyers.
The presenter said the organization has in‑house remodeling crews, broker services and a pipeline of qualified buyers, and that ARS funds can be used not only on tax-delinquent properties but also on properties listed for…
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