The Grove is officially full after Habitat for Humanity on Thursday announced it had selected the development’s final eight buyers.
The future homeowners include Tait Graham, Angela Zarate, Anika Youcha, Katie Beech, Ruben Cortes, Hugo and Magali Alvarado, Erica and Flavio Munguia Fuentes, and Lizmairu Olvera.
Over the next 16 months, in accordance with Habitat protocol, each family will contribute 500 hours of sweat equity, attend 15 homebuyer education classes, and save $2,500 for closing costs. After that, they can purchase their homes with a 30-year, zero-interest mortgage. Monthly mortgage payments will be set at less than 30% of the household’s income.
“This is a true partnership,” said Kris Greenville, executive director of Habitat for Humanity of the Greater Teton Area, in a news release. “These families have their work cut out for them but we are excited to help them along their path to homeownership.”
Habitat chooses applicants through a selection committee, which decides based on three criteria: need for housing, ability to pay and willingness to partner.
In 2016, the Teton County Board of County Commissioners voted to hand over construction of the final 24 three-bedroom units at The Grove affordable project to Habitat, which creates housing for Jackson’s lowest income workers — those who earn less than 80% of the area median income.
The nonprofit uses volunteer and homeowner labor to keep construction costs low, about $175 per square foot. The 24 units are each 1,200 square feet with three bedrooms and two bathrooms.
Owners of the first eight units moved in during fall 2018. The second group of eight are expected to move in next winter. Construction on the final eight units is underway, and the entire project is scheduled for a June 2021 completion. With that, The Grove will be fully settled, providing a total of 68 homes between Habitat’s phase and the two previous phases.