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- Jackson Street Affordable Units
Jackson Street Affordable Units
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 and materials needed to enter this weighted drawing can be found here, “You can find the application under "Rentals - Weighted Drawing Entry Forms". Please refer to the 2024 Rental Application Checklist to confirm all materials have been submitted.
- Please click here for information on Critical Service Providers (CSPs).
- Deadline to Apply: Tuesday, July 9, 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 June 26, 2024, to be eligible to apply for Affordable units.
About the Units:
- Range, refrigerator, dishwasher, microwave, washer & dryer.
- 1 parking space.
- No pets allowed
- 12-month leases available.
- Initial rental term estimated to begin August 2024, depending upon construction completion.
- First month's rent + security deposit will be due at signing.
- Security deposit is equal to one month's rent or $1,000, whichever is greater.
- $50 a month internet fee.
Unit Types Available in Each Income Range for Phase 2
0 to 50% | 50 to 80% | 80 to 120% | |
One-Bedroom | 1 unit | None Available | None Available |
Two-Bedroom | 1 unit | 8 units | None Available |
Three-Bedroom | 1 unit | 1 unit | 1 unit |
Rent Rates for Each Affordable Unit Type
Unit Size | 0-50% MFI | 50-80% MFI | 80-120% MFI |
One-bedroom | $699.00 | None Available | None Available |
Two-bedroom | $799.00 | $1,331.00 | None Available |
Three-bedroom | $898.00 | $1,497.00 | $2,396.00 |
Income Ranges: your household must fit within one of these income ranges to qualify.
Affordable 0-50% MFI Income Range Eligibility
One-person household | $0 to $46,585 |
Two-person household | $0 to $53,240 |
Three-person household | $0 to $59,895 |
Four-person household | $0 to $66,560 |
Five-person household | $0 to $71,874 |
Six-person household | $0 to $77,198 |
Affordable 50-80% MFI Income Range Eligibility
One-person household | $46,585 to $74,536 |
Two-person household | $53,240 to $85,184 |
Three-person household | $59,895 to $95,832 |
Four-person household | $66,550 to $106,480 |
Five-person household | $71,874 to $114,998 |
Six-person household | $77,198 to $123,517 |
Affordable 80-120% MFI Income Range Eligibility
One-person household | $74,536 to $111,804 |
Two-person household | $85,184 to $127,776 |
Three-person household | $95,832 to $143,748 |
Four-person household | $106,480 to $159,720 |
Five-person household | $114,998 to $172,498 |
Six-person household | $123,517 to $185,275 |
Calculation of income
Household income is based on the current income earned by all intended adult occupants of the rental unit at the time of weighted drawing using the current household income to estimate an annual (12-month) income basis. Households must use their current income and may not make changes or adjustments to earnings in order to fit within the income range.
The business income of a qualifying Household is calculated using an average of the last three (3) years of income on the business’ tax returns. A year-to-date profit and loss determination will also calculate business income. If the business has not been operating for three (3) years, the Housing Department will average income over the time the business has been operating.
Please contact the Housing Department if you have any questions or need assistance completing the forms.
**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.