Developing high-quality affordable housing
181 homes serving 563 people
Working together, we can move the needle
on this critical issue
Since 1991, the Jackson Hole Community Housing Trust has developed or acquired 181 homes that have served more than 563 people. Rapidly rising costs of land and construction have inspired the Community Housing Trust to prioritize partnerships with several of our County’s largest employers.
174 North King Street
The Jackson Hole Community Housing Trust has been committed to serving Teton County by developing affordable homes on time and on budget for the last 30 years.
In response to the acute need for more permanently affordable housing for the workforce, the Jackson Town Council kicked off 2020 with a gift of land and capital to the Jackson Hole Community Housing Trust. The Community Housing Trust leveraged the Town’s contribution with generous private philanthropy and on May 15th, broke ground on 24 condos at 174 North King Street.
This winter, 55 people will have stable, secure housing as they head into the holidays. With each project, we have an opportunity to support the work of dozens of organizations. Affordable housing supports the people who deliver our health care, teach our children, manage the essential infrastructure of our town, and protect our natural resources. Affordable housing ensures Jackson is a safe and sustainable place for us all.
A single organization acting independently cannot address all of housing issues facing our community. To be successful, we must leverage the strengths and resources of the public and private sectors.
The Jackson Hole Community Housing Trust uses a ground lease agreement to ensure political and financial investments in housing are preserved in perpetuity. In the case of affordable ownership housing, the ground lease limits the appreciated value of the home. The lease enables the Community Housing Trust to protect the affordability of the home for future buyers, while still allowing the homeowner to build equity as the home appreciates.
In the face of rapidly rising land costs and the cost to construct, the Community Housing Trust has remained resolute in our search for a more sustainable approach to housing. We are confident we can develop affordable housing with less overhead and lower subsidies if we are willing to invest in new ideas.
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