Flat Creek Apartments at 400 West Snow King Avenue

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:

• LIHTC: $12,940,099
• HOME: $1,455,000
• NHTF: $860,000

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:

• Zoning Map Amendment Application
• Building & Grading Permit - not yet submitted

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.