Housing Preservation Program - Down Payment Assistance

Housing Preservation Program - Down Payment Assistance est un prêt à plus-value partagée pour les futurs propriétaires de Jackson, Wyoming. Up to $200,000 (or 20% of purchase price) in down payment assistance for qualified Teton County workforce households purchasing market-rate homes, in exchange for a permanent Workforce Ownership deed restriction with a 3% annual appreciation cap. Strict local-employment and residency requirements; no first-time-homebuyer requirement. The Housing Preservation Program preserves market-rate homes for the local Teton County workforce by providing substantial down payment assistance in exchange for a permanent Workforce Ownership deed restriction. Qualified workforce households may receive up to $200,000 (or up to 20% of the purchase price, whichever is less) toward purchasing a market home in Teton County. The recorded deed restriction caps annual price appreciation at 3% per year, ensuring the home remains attainable for future workforce buyers. The program is one of the most generous DPA programs in the United States, reflecting Teton County's status as the highest-priced housing market in the Mountain West (median sale prices regularly exceed $3,000,000 in 2025-2026). Le financement provient de Local et Other.

Housing Preservation Program - Down Payment Assistance fournit une aide équivalant à 20 % du prix d’achat, selon les règles du programme. Apport du futur propriétaire : Borrower contribution determined by first-mortgage lender; the Preservation Program DPA may cover up to 20% of purchase price, allowing some borrowers to close with minimal personal funds. Le programme peut être combiné avec d’autres aides, sous réserve des règles de chacune. Les montants sont les plafonds publiés par le programme, et non une offre — l’organisme gestionnaire décide de chaque aide individuelle.

Housing Preservation Program - Down Payment Assistance est un prêt à plus-value partagée, remboursable selon les conditions fixées par l’organisme gestionnaire. Le remboursement est déclenché par DPA balance is functionally repaid through the deed-restricted resale-price formula (3% annual appreciation cap) when the household sells the home. Triggers include sale, transfer of title, end of owner-occupancy, or violation of the workforce-occupancy covenant. L’aide est inscrite au rang suivant : 2nd Lien. Les conditions d’annulation et de remboursement sont fixées par le programme et peuvent changer — vérifiez-les sur la page officielle du programme avant de déposer une demande.

Housing Preservation Program - Down Payment Assistance est ouvert à les futurs propriétaires qui occuperont le logement comme résidence principale. Au sujet du crédit, le programme précise : No program-mandated minimum FICO; credit qualifying determined by the first-mortgage lender (typically 620+ for conventional, 580+ for FHA). Un cours pour futurs propriétaires est obligatoire, auprès de Teton County Housing Authority requires a homebuyer counseling/education session and a Preservation Program orientation before closing. The Housing Department conducts orientations directly; private counseling is also accepted from Wyoming Housing Network and HUD-approved national online providers. Condition de résidence : Property must be located in Teton County, Wyoming and serve as the household's principal residence. Citoyenneté ou statut d’immigration : U.S. citizen, permanent resident alien, or qualifying non-permanent resident alien per first-mortgage product overlays. Strict workforce eligibility: (1) at least one household member must work a minimum of 1,560 hours per year (~30 hrs/wk) for a Local Business operating physically in Teton County; (2) the household must earn at least 75% of its total income from local sources; (3) NO household member may own other residential real estate within 150 miles of Teton County; (4) the home must be occupied as the household's principal residence; (5) the household must record a permanent Workforce Ownership deed restriction at closing capping resale appreciation at 3% per year. The seed-listed income range $186,340-$351,384 represents the program's typical 160%-200% AMI workforce target band (Teton County 2025 HUD AMI for 4-person household is approximately $175,800; 200% AMI ~ $351,384). Per the Housing Department: 'There is NOT an income or asset limit for Workforce homes,' but underwriting and program-pool prioritization use these AMI bands.

Housing Preservation Program - Down Payment Assistance plafonne le revenu du ménage à 200 % du revenu médian de la zone, qui varie selon le comté et la taille du ménage. There is NOT a hard income or asset limit for Workforce-deed-restricted homes under the Preservation Program. The seed range $186,340-$351,384 reflects the typical 160%-200% AMI band the program targets in Teton County (HUD 2025 4-person AMI ~$175,800). Updated income limits are published annually on tetoncountywy.gov/1456/Income-Asset-Limit-Chart and reflected the 6.31% AMI increase HUD announced for Teton County in the 2025 update. Le plafond s’applique au revenu total du ménage, pas seulement à celui de l’emprunteur. Les chiffres du revenu médian de la zone sont publiés par HUD et mis à jour chaque année : consultez le tableau en vigueur pour le comté avant de vous fier à un chiffre.

Housing Preservation Program - Down Payment Assistance plafonne le prix d’achat ainsi : No formal program purchase-price cap; in practice, properties priced above $3M-$5M may exceed conventional/jumbo qualifying for typical workforce incomes. Median Teton County sale prices were ~$3,000,000+ in 2025. Les types de logements admissibles comprennent Single-family detached, condominium, townhouse, PUD within Teton County, Wyoming. Must be a market-rate home (NOT already deed-restricted under another program). Les constructions neuves sont admissibles. Les maisons préfabriquées ne sont pas admissibles.

Housing Preservation Program - Down Payment Assistance s’adresse aux futurs propriétaires qui achètent à Jackson, Wyoming.

Les demandes pour Housing Preservation Program - Down Payment Assistance passent par l’organisme gestionnaire, qui publie les conditions en vigueur et les étapes de la demande sur son propre site. Les fonds sont réservés par l’intermédiaire de Direct application to the Jackson/Teton County Affordable Housing Department; applicants enter the Preservation Program pre-approval queue. Once pre-approved, applicants have a defined window to identify and place under contract a qualifying market home. Hey Prescott n’est pas un prêteur et n’accepte pas de demandes ; cette page décrit le programme pour qu’un futur propriétaire puisse en parler à un prêteur ou à un conseiller en logement.