Kelly Place Condominium Unit #7

This is a Workforce Ownership home. Households are not required to have a complete interest application before the start of the drawing period (May 28, 2025); however, they must complete one to enter.  

Kelly Place Condos #7 at 440 W. Kelly Avenue:

• 1-bedroom, 1-bathroom, 1 covered parking space
• Approximately 473 square feet
• Range, refrigerator, microwave, dishwasher, washer/dryer hookups
• Pets allowed
• Home Price: $424,592
• Income Range: Workforce Ownership unit - see eligibility requirements below.
• Minimum Occupancy Requirement: No minimum Occupancy Requirement. Any household size may apply. 
• Deadline to Apply: Tuesday, June 10th by 5:00 PM 
• Workforce Restriction
• CCR’S

This drawing has closed.

Eligibility Highlights:

• At least one adult in the household must be employed full-time in Teton County for a minimum of one year. The Housing Department defines full-time employment as working a minimum of 1560 hours per year (30 hours/week average).  Housing Department Rules & Regulations, Section 4: Weighted Drawing.
• The household may not own any residential real estate within 75 miles of the Town of Jackson.
• 75% of the Household’s combined income must be earned working for a business located in Teton County. 
• Households must live in the home 10 months out of each year. 

Example cost breakdown for a purchase price of $424,592

3.5% down payment (required)                                                                          $14,861           

Loan Amount                                                                                                         $409,731

Monthly Principal & Interest Payment (estimated 6.48% interest rate)      $2,584

Monthly Property Tax (estimate)                                                                        $203

Monthly Insurance (estimate)                                                                             $25

Monthly HOA Dues (estimate)                                                                            $301

Total Estimated Monthly Payment                                                                    $3,113

Optional -Once selected in a drawing, there are additional application items required.  For your convenience, a checklist is being provided, along with a link to some of the other required forms.  You do not have to complete these forms to enter a drawing; they are being provided simply as a convenience for anyone who may want to get a head start.

• Checklist
• Lenders Qualification Worksheet (must be completed by a Local Lender, the Lender's Qualification is valid for one year, the loan amount on your Lender's Qualification worksheet must be at least the purchase price minus your down payment of the home for which you are applying) 
• Completed Home Buyer Education Class Certificate.  The Home Buyer Education Certificate is good indefinitely. Homebuyer Education Link

 For questions, please contact the Housing Department via housing@tetoncountywy.gov or 307-732-0867.