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 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. 

Anticipated Groundbreaking: TBD. Either late Fall 2022 or Spring 2023. 

Total Units: 48 rental units

Affordability: Affordable Rental <60% median income

Public Investment Per Unit: $125,000/unit 

Updates:

• Project Progress Update was provided to Town Council, August 15, 2022.
• On August 15, 2022, Town Council approved the Change of Use application for the new community center that will replace the existing Fair Auxiliary Building use. The new building will provide a larger, newer space for the community's use. 
• On July 19, 2022, the Teton County Commissioners approved a contract for construction documents, bidding, and construction administration for the necessary construction required to convert the temporary fire station to the new community center.