YOU ARE IMPORTANT TO US.
We Want to Make Room for You in Our Community.
The Community Housing Trust’s ranked, point-based housing program has both rental and homeownership opportunities. Learn more about the details of our program below.
About
The Jackson Hole Community Housing Trust develops truly Affordable, essential housing for those who support our way of life in Jackson.
The homes we build are made possible through generous private donations, partnerships with local employers, and local government subsidies to help make homes truly Affordable for those who make less than 120% AMI (area median income).
Our housing program is a ranked, point-based system that offers housing to applicants who meet specific eligibility criteria and are the highest ranked in the system when a housing opportunity is available.
“Purchasing a home through the Community Housing Trust has had a profound and measurable impact on our family and on our quality of life.”
Leslie & David Gomez
ELIGIBILITY REQUIREMENTS
1) Age and Household Size
You must be 18 years or older. Your household size must be appropriate to the available home size.
2) Employement
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Applicant must be employed at a Local Business for 30 hours per week year-round in Teton County, WY
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The Local Business must be physically located within Teton County, WY and must provide verification of business status physically located in Teton County, WY
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Employees must be required to work in Teton County, WY to perform their job
3) Income & Asset Limits
A single household income must be under $111,804. Household size of 2 or larger must be under $159,720.*
Total net assets must be under $319,440, not including retirement funds.
4) Other Property
You may not own another home or land in Teton County, WY. If you do and are offered an Affordable home, you will be required to sell it
*Some public sector employees may be exempt from the Community Housing Trust’s traditional income limits.
If you think you could be exempt, please send an email inquiry to [email protected]
Ranked, Point-based System
Our database weighs a number of factors to determine application ranking. Please find the breakdown of the point system below.
Time Lived in Teton County
1-3 years = 1 point
3-5 years = 2 points
5-7 years = 3 points
7-9 years = 4 points
9+ years = 5 points
Career tenure, serving Teton County, WY
Applicants are awarded .35 points for every year worked as a full-time employee (30+ hours/week) in Teton County, WY, for up to 5 points.
*Applicant maximizes career tenure points at 14.3 career years
Duration of application on file
1-2 years = 1 point
2-3 years = 2 points
3+ years = 3 points
Community involvment
Applicants are awarded a total of 5 points for 200 hours of community service or more per adult in the household. Service must be for a non-profit recognized by the Community Foundation, non-paid and non-required.
Bonus points
Additional points are awarded to essential careers in our community and existing CHT homeownership.
Level 3:
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Emergency and medical personnel (Fire/EMS, Police, Dispatch; MDs, nurses, PAs, PTs) +1.5
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Educators: Teachers, Principals, Assistant Principals, Guidance Counselors, and Therapists+1.5
Level 2:
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Non-profit Programmatic or Leadership Employees+.75
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Public Sector Programmatic or Leadership Employees (incl. local, state, federal) +.75
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Public Infrastructure/Critical Service Providers (Plumbers, Electricians, Sanitation) +.75
Level 1:
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All other occupations +0
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Existing Community Housing Trust homeowner: 5+ years as a JHCHT homeowner but no change in household size = 1 point, 2+ years as JHCHT homeowner and a change in household size = 2 points.
APPLICATION & SELECTION PROCESS
1) Submit application online or in person
a. Upon receipt of your application, your information will be uploaded to a database of active applicants.
b. Upon successful registration, you will receive an email confirmation that you are an active applicant.
c. Your application will remain active until you direct the Community Housing Trust to remove your application from the waiting list.
2) Keep the CHT up to date & be prepared
Email [email protected] if any of the following changes:
a. If your contact information changes. It is imperatvie that we have a valid email address and phone number for each adult in the household.
b. If your household size changes (e.g. you would like to add a co-applicant).
c. If your employment changes.
d. If you have new volunteer hours to add to your application for a local Jackson, WY non-profit.
e. The selection process moves quickly. We encourage everyone who is patiently waiting on the to prepare yourself mentally and financially for “the call.”
3) Housing Opportunity becomes available
a) Once a home or rental opportunity is available, the CHT will send it out to the active database. Once all interested applicants express interest by set deadline, we offer the opportunity to the highest ranked applicant that has been pre-qualified.
b. Once offered a home, you will be given one week to decide if you want to purchase the home. If the home offered to you is not the right fit for you or your family, we encourage passing on the home until the right home becomes available to suit your needs. This process is structured to help Community Housing Trust applicants find a home that is the right fit, at the right price, at the right time.
c. Household must provide a current pre-qualification letter that is less than 3 months old to demonstrate they can afford to purchase the home they have been offered.
d. A sales contract will be offered upon the receipt of a pre-qualification letter. Once executed, JHCHT will commence a full qualification process with the household. The Community Housing Trust staff is available to help you through each step of the process. Once the purchase has closed, the joy of affordable homeownership begins.
4) Additional Notes for Homeowner Applications
Each household is asked to submit a financial pre-qualification form completed by a local lender. You can apply without this initially and submit at a later date if needed. The pre-qualification better informs the Community Housing Trust on what the local workforce can afford. With your lender, you should take into consideration the required $2,000 earnest money deposit (due upon execution of a sales contract), the amount of down payment you can afford, your creditworthiness, your gross annual income, and any debt that you may have. Your lender should note conservative assumptions for interest rates and debt to income ratios.