In a joint release yesterday, the Gill Family announced 50 lots in a new Northern South Park development will be given to the Jackson Hole Community Housing Trust. This gift is in addition to the 30-40 lots that will be gifted to Teton Habitat. They said the Housing Trust has demonstrated its ability to design, develop and manage quality affordable housing for our workforce for over 25 years.
The family’s commitment to donate 90 lots to two trusted housing non-profits guarantees that more than 250 people in our community will have stable, affordable housing. The family intends to make further donations by pricing the remaining 110 lots below market value, in the range of $150,000 to $200,000.
Gill Attorney Bill Schwartz said, “Affordable housing won’t come from more planning and hiring more consultants, but from the generosity and resolve of our community.” Schwartz says now it will be up to the rest of us to get truly affordable housing built on those lots.
The project guarantees that 200 lots in total will be permanently deed restricted, requiring every one of the 200 lots to be permanently deed restricted for local workers before the lot can be transferred.
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