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- Flat Creek Apartments at 400 West Snow King Avenue
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This partnership with BlueLine Development and Snow King Partners will result in 48 Affordable Rental units serving households earning 30-60% of median family income, or less than $66,420 for a family of three.
This project is the first development to receive Low-Income Housing Tax Credits (LIHTC) since 2003. Total allocations awarded:
The Town of Jackson will contribute the land (appraised value $5,000,000) via a long-term Ground Lease and $1,000,000 to the development. The Town applied for CDBG funding for the project, but was unsuccessful in 2022 and will re-apply for 2023 allocations.
CDBG Funding: This project did not receive CDBG funding in 2022, but will re-apply for 2023 allocations.
LIHTC Funding: Project received highest score and approval for funding, February 24, 2022. Read the JH News & Guide article about this award.
Anticipated Groundbreaking: Fall 2022
Total Units: 48 rental apartments
Affordability: Affordable Rental <60% median income
Public Investment Per Unit: $125,000/unit
Next Steps:
The Fair Auxiliary Building use (green building) will move across the road to the Fairgrounds site located at 305 W. Snow King Avenue, replacing the temporary Fire Station 1 use. Review the Change of Use application for that project.