Jackson’s next housing project is getting underway, with a groundbreaking ceremony Tuesday morning to kick off construction on the Westview Townhomes.
After a few hurdles and adjustments since the plans were approved in 2016, work will begin soon on 20 ownership units just outside of town on Highway 22. Of those, 16 will be deed-restricted for workforce housing and the rest will be sold as regular market-rate units.
“We’re excited,” Housing Director April Norton said. “This is a private developer coming in and doing more than he’s required to do.”
The workforce deed restrictions do not offer the same long-term affordability that affordable deed restrictions do, besides a 3% appreciation cap. However, they do require that 75% of each household’s income is earned locally, that the owners do not own residential real estate within 150 miles of Teton County, and that at least one person in the household works full-time in the county.
Norton noted that her department, the Jackson/Teton County Affordable Housing Department, has just under 250 deed-restricted homes in various stages of planning and development.
The 16 Westview Townhomes units are scheduled for completion by September 2020.
The developer, Hunter McCardle with Red Roots Communities, will attend Tuesday’s 11 a.m. ribbon-cutting, along with representatives from the Jackson Town Council and the Jackson Hole Chamber of Commerce.
The event will take place at the future site of the homes, 1255 West Highway 22, where Choice Meats used to be located.
Editor's note: This article has been revised to reflect that workforce deed restrictions have a 3% appreciation cap.