Jackson Hole Community Housing

As the need for affordable housing in teton county grows, the housing trust works to add to its inventory of affordable housing for rent and for sale. As a not-for-profit developer of affordable housing, this scope includes, but is not limited to, land acquisition; preconstruction due diligence; financial analysis; coordinating architects, engineers, and contractors; budget development and fundraising. In 2024, the housing trust's development efforts were focused on the development of 20 affordable homes at 620 east hansen. Specifically, housing trust staff finalized design, secured construction financing, and continued fundraising efforts required to ensure the affordability of the units for income qualified buyers. Cht broke ground on this project on april 15,2024. Also in 2024, staff worked on design and development of its next affordable rental project - 36 units on nelson drive in partnership with the bridger teton national forest.

Since 1991, the housing trust has developed or acquired 165 homes for sale. The affordability of each home is protected in perpetuity by a 99-year ground lease or special restriction recorded against the property. Central to the stewardship of these assets are the management and administration of the restriction associated with each home. In concert with this scope of work, staff ensures that the housing trust legal, financial, and lending guidelines are current with federal requirements. In addition, each time a housing trust home is sold or re-sold, housing trust staff works to ensure every buyer is income qualified and educated about deed restricted housing and then successfully facilitates the sale. To quickly facilitate the lease or sale of an affordable home, the housing trust actively manages a growing database of income-qualified applicants (about 1,500 active households have registered on our waiting list). Every applicant is required to complete a comprehensive application to be considered for an afforable housing opportunity.