Jackson Street Apartments - Affordable Units, all income ranges

This drawing is closed.  Please keep an eye out for phase 2 coming in April 2024, Thank you!


Affordable Weighted Drawing Entry Eligibility Highlights

  • At least one adult in the household must work a minimum of 1,560 hours per year. Please read the policies to enter any weighted drawing: Housing Department Rules & Regulations, Section 4: Weighted Drawing.
  • Household may not own any residential real estate within 150 miles of Teton County.
  • Applicants must meet the income and asset limits.
  • Applicants must meet the minimum occupancy requirements.
  • All forms needed to enter this weighted drawing can be found here, under "Rental - Weighted Drawing Entry Forms".
  • Please click here for information for Critical Service Providers (CSPs).
  • Deadline to Apply: Tuesday, January 23, 2024, by 4:00 PM. No late or incomplete entries will be accepted. 
  • If selected first for this unit you will be notified by phone. All others will be sent an email notice. 
  • Please note that your Online Intake Form account must have been updated and verified before January 10, 2024 to be eligible to apply for Affordable units. 

About the Units:

  • Range, refrigerator, dishwasher, microwave, washer & dryer.
  • 1 parking space.
  • 1 pet allowed. A pet deposit will be required and is equal to one month's rent or $1,000, whichever is greater. 
  • 12-month leases available.
  • Initial rental term estimated to begin April 2024, depending upon construction completion.
  • First month's rent + security deposit + pet deposit (if any) will be due at signing.
  • Security deposit is equal to one month's rent or $1,000, whichever is greater.

Unit Types Available in Each Income Range


0 - 50%50 - 80%80 - 120%Workforce
One Bedroom2 Units3 UnitsZero Units1 Unit
Two Bedroom6 Units14 Units5 Units1 Unit
Three Bedroom1 Unit2 UnitsZero Units1 Unit


Rent Rates for Each Unit Type

Unit Size0-50% MFI50-80% MFI80-120% MFI
One-bedroom $670.00$1,117.00$1,788.00
Two-bedroom$766.00$1,277.00$2,043.00
Three-bedroom$862.00$1,437.00$2,299.00


Affordable 0-50% MFI Income Range Eligibility

One person household$0 to $44,695.00
Two person household$0 to 51,080.00
Three person household$0 to 57,465.00
Four person household$0 to 63,850.00
Five person household$0 to 68,958.00
Six person household$0 to $74,066.00


Affordable 50-80% MFI Income Range Eligibility

One person household$44,670 to $71,512
Two person household$51,080 to $81,728
Three person household$57,465 to $91,944
Four person household$63,850 to $102,160
Five person household$68,958 to $110,333
Six person household$74,066 to $118,506


Affordable 80-120% MFI Income Range Eligibility

One person household$71,513 to $107,268
Two person household$81,728 to $122,592
Three person household$91,944 to $137,916
Four person household$102,160 to $153,240
Five person household$110,333 to $165,499
Six person household$118,506 to $177,758


Calculation of Income:   Household income is calculated based on the current income earned by all intended adult occupants of the Restricted Housing Unit at time of weighted drawing entry using the current household income to estimate an annual (12 month) income basis. 

Self-Employment Income Calculation Policy

Gross income is used minus cost of goods sold (not cost of goods in inventory – that is an exempt asset). Equipment, vehicles, furniture, fixtures, etc. are already exempt from being counted as assets so they are not allowed to also be deducted from income.

Businesses that have at least 3 years of income.

  • Three years of tax returns will be used to calculate an average income.  

Businesses that do not have 2 full prior years of income: 

  1. Tax returns will be used to get gross income earned in the first year of business minus cash expenses (if taxes have not been paid, use the Profit and Loss for that year to get gross income minus cash expenses). Divide by the number of months the business was operating during that year. Multiply by 12 to get one year of income for the first year. 
  2. If the business has a full year of income in the second year of operation, use the tax returns to get gross income minus cash expenses. This will be the income for the second year. 
  3. If there is no income for the current year, average the first and second years. 
  4. If there is income for the current year, use the Year to Date (YTD) Profit and Loss to get gross income minus cash expenses. Divide by the number of months to date in the current year. Multiply by 12 to get on year of income for the current year. 
  5. Average the current year with the past year(s). 
  6. If there is only the current year, use the current year number. 

Businesses that have 2 full prior years of income:

  1. Tax returns will be used for each of the 2 prior years.
  2. Take the gross income minus cash expenses for each year. 
  3. Use the YTD Profit and Loss for the current year. Take the gross income minus cash expenses. Divide by the number of months to date in the current year. Multiply by 12 to get one year of income for the current. 
  4. Average the current year with the 2 prior years. 
  5. If there is no income for the current year, do number 1 for the 2 prior years and average the 2 prior years. 

Seasonal Businesses: 

  1. Use the steps above to get the average monthly income.  Multiply by 12 to get one full ear of income.

**We understand that our applications to enter the weighted drawing take time and effort, and we do not want to disqualify you due to an oversight or misunderstanding about our process. Please bring your applications in prior to the due date so that we have time to work with you, make corrections, and give feedback if anything is wrong.