(KLZA)--Falls City Economic Development and Growth Enterprise Executive Director Lucas Froeschl presented quarterly updates to the Falls City Council and the Richardson County Commissioners this week.

Froeschl revealed during the report that EDGE has created Falls City Area Properties, LLC which has purchased a property in Falls City that could be flipped for residential housing in the future.

The 3.2 acre site is in the 1500 block of Valley Avenue. Froeschl says the area could include single homes, duplexes or multi-unit housing structures. Currently there are no plans for the property.

Investors that might be interested in property may contact EDGE in Falls City.

One area EDGE has been focusing efforts on is to improve the housing stock in Falls City.