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New Employee Housing Program Announced

January 17, 2013 Jackson Hole, Teton County No Comments
TCHA

Teton County Housing Authority has announced it has developed a new Employment-Based Housing program in 2012 in cooperation with local developer Crystal Springs Ranch, adding nine units of workforce housing to the community at no cost to taxpayers. The homes are located at the just completed development called Homesteads at Teton Village for an estimated value of approximately $6 ¾-million. TCHA says the housing program offers businesses in Teton Village and local non-profit organizations the opportunity to identify an employee or long-term committed volunteer to purchase one of these homes. The agency says a household must meet the qualification requirements in the special restrictions, which include that they work and make at least 75% of their income locally, and reside in Teton County full time as long as they own the home. Crystal Springs Ranch has also provided Habitat for Humanity with land to construct four new homes in the development for applicants who meet their program criteria. Habitat staff and volunteers are currently building the homes which will be completed in May 2013.

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