AFFORDABLE HOUSING

New From the Affordable Housing Agencies: We are pleased to announce the newest addition to the Jackson Hole Report.  Our three local affordable housing agencies will start reporting on their segment of the real estate market twice annually, in the mid-year and year-end Hole Reports.

Affordable Housing in Jackson Hole: Providing workforce housing in Jackson Hole has been a challenge for over fifty years.  As the tourism economy grew in the late 1950’s, businesses had a difficult time finding summer help due to the lack of available housing.  In the 1980’s, increased jet service caused the second home market to expand.  This factor, combined with the limited supply of private developable land meant that by the late 80’s, home prices began to soar.  

This valley came together in the early 1990’s, when most working families found themselves priced out of homeownership. Many recognized the importance of, and the benefits that accrue to a community that maintains a local workforce.  The need for affordable housing emerged, and three housing organizations were formed to provide working families with a variety of housing options: Habitat for Humanity of the Greater Teton Area, Jackson Hole Community Housing Trust and Teton County Housing Authority.

These three organizations all provide long-term affordable housing opportunities for families working in our community. While serving the same goal of housing working families, each organization has different funding sources, organizational structures, application processes, and buyer selection methods.  Together, they create a variety of housing opportunities that cater to a healthy and diverse Jackson Hole. 

These three organizations have been instrumental in providing affordable homeownership opportunities where the market has been unsuccessful.  Today, a couple earning the median income in Teton County can afford to purchase a $200,000 2-bedroom home.  These challenging economic times make people question the need for affordable housing; however, free market housing still remains out of reach for the majority of people earning their living in Jackson Hole. 

If you are interested in learning more about affordable housing, please contact any of our organizations.

                                        
  (307) 734-0828                       (307) 739-0665                     (307) 732-0867
www.tetonhabitat.org            www.housingtrustjh.org        www.tetonwyo/housing.org

Affordable housing programs in Jackson Hole are designed to afford housing opportunities for local citizens of Teton County, Wyoming. These programs are deed restricted and applicants have minimum residency and maximum income/asset requirements in order to qualify. Please visit the following websites to learn more.

Housing Agencies in Jackson Hole

Jackson Hole Community Housing Trust
P.O. Box 4498
Jackson, WY 83002

A private non-profit organization that encourages community and builds opportunity for the citizens of Teton County by providing permanently affordable homes. 85 total homes located throughout county. Income and asset restricted.


Teton County Housing Authority
P.O. Box 714
Jackson, WY 83001

This agency was created by Teton County Commissioners under a Wyoming State Statute that commits itself to creating affordable housing opportunities, partnerships, and critical oversight to ensure that essential housing remains available to those employed in Teton County. There are currently 238 total homes located throughout county. Income and asset restricted.

It is the mission of the Teton County Housing Authority to enable diverse opportunities for essential housing throughout the County. The Authority shall provide education to the community, facilitate potential solutions, develop housing where necessary, and create multiple layers of partnership, all of which are designed to create housing essential to the future viability of the community.


Habitat for Humanity of the Greater Teton Area
P.O. Box 4194
Jackson, WY 83001

Habitat for Humanity of the Greater Teton Area strengthens our community by building simple, decent homes in partnership with hardworking families in need. Homes are sold at cost with a no-interest mortgage to low-income families who invest 500 hours of "sweat equity" into the construction of their home. There are currently ten homes scattered throughout county and they are adding two to three new homes per year. Income and asset restricted.