The Jackson/Teton County Housing Authority currently owns three parcels:
260 West Broadway - This is a commercial property located downtown, was purchased with money from the 2006 Specific Purpose Excise Tax (SPET). It is currently listed for sale.
3590 North Kennel Lane ("Raines Property") - This is a 5-acre property located on Moose-Wilson Road next to the Aspens Complete Neighborhood, mass transit, and close to Teton Village. It was purchased purchased with money from the 2006 Specific Purpose Excise Tax (SPET) for the development of Affordable Housing. At the time of purchase, the Affordable Housing PUD tool existed. A moratorium on PUD-AH development was put in place on May 6, 2008 and the tool was removed by the Board of County Commissioners on March 26, 2010. This property is currently zoned Neighborhood Conservation (NC) and is surrounded by Business Conservation, NC, and Auto-Urban Commercial (AC) zoning. As it is currently zoned, the property allows for a single-family residence. A zoning update is scheduled for FY19/20. The property is currently vacant. In the 2018 Supply Plan, staff recommended that the elected officials either rezone the property to allow for the construction of workforce housing or sell it and reinvest the proceeds into future workforce housing development.
440 West Kelly Ave - This project represents the first joint Request for Proposals (RFPs) issued by the Town and County. The Housing Authority owns the land, which was purchased in January 2019 using Housing Supply Program funds (45% from the Town, 55% from the County). The RFP states that a minimum of 15 units must be built. Responses are due April 5, 2019; a partner will be chosen at the May 2019 Joint Information Meeting (JIM). Assuming 15 units are built, public investment per unit is estimated at $155,000/unit.