Jackson Hole Community Housing Trust Homeownership Program

Jackson Hole Community Housing Trust Homeownership Program is down payment assistance for homebuyers in Jackson, Wyoming, administered by Jackson Hole Community Housing Trust. The Jackson Hole Community Housing Trust is a nonprofit housing developer that creates below-market ownership (and rental) opportunities for the Teton County workforce. Ownership homes are offered through a ranked, point-based weighted drawing to eligible households who are employed full-time locally, earn at or below 120% of Teton County AMI, and hold assets under $356,400. Buyers must complete a homebuyer education course and provide a minimum 3.5% down payment. Below-market homeownership in a high-cost market. Ranked point system rewards local residency and essential-service employment. Permanently affordable units. Homebuyer education support. Funding comes from Private donations, partnerships with local employers, and support from local government.

Jackson Hole Community Housing Trust Homeownership Program is down payment assistance and is repaid under the terms set by Jackson Hole Community Housing Trust. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Jackson Hole Community Housing Trust Homeownership Program is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Current credit report required for eligibility verification; no published minimum score. A homebuyer education course is required, through Self-paced online Homebuyer Education course ($75; 3-6 hours) required for one household member to enter the ownership weighted drawing. Residency requirement: Must be employed full-time (at least 30 hours/week, year-round) at a local Teton County business requiring physical presence; self-employed qualify if business is physically based in and serves Teton County. Distinct from the Teton County Housing Department's Housing Preservation Program DPA. Requires full-time local Teton County employment (30+ hrs/week year-round, in-person), income at or below 120% AMI, and assets under $356,400. Points awarded for length of county residency, time in pool, local employment (bonus for essential-service roles), and verified volunteer hours. Gaps: exact resale formula, credit minimum, AMI dollar figures, and per-unit prices not published on the apply page.

Jackson Hole Community Housing Trust Homeownership Program sets its income limit as follows: Household total annual income cannot exceed 120% of the median income for Teton County, WY (includes wages, salaries, and earnings of all working adults). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Jackson Hole Community Housing Trust Homeownership Program caps the purchase price as follows: Below-market, affordable ownership units developed by the Trust. Eligible property types include Single Family, Condo, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Jackson Hole Community Housing Trust Homeownership Program names educators, law enforcement officers, firefighters, and healthcare workers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Jackson Hole Community Housing Trust Homeownership Program serves homebuyers purchasing in Jackson, Wyoming.

Applications for Jackson Hole Community Housing Trust Homeownership Program go through Jackson Hole Community Housing Trust, which publishes the current terms and the application steps on its own site. Funds are reserved through Ranked, point-based system; homes offered via weighted drawing to highest-ranked eligible applicants. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.