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Both ownership and rental Workforce housing exists in Town and Teton Village. This type of housing targets higher income earners who are still unable to afford a market home and provides some diversity in our programs.
Workforce rental homes are rented by their owners who must rent to households who qualify under the below restrictions. The Housing Department will re-qualify the tenants as new leases are signed.
Workforce ownership homes are initially sold by their owners to households who must qualify through the Housing Department under the below restrictions. The sales price is negotiated between the buyer and the seller. After the initial sale, the homes will appreciate at CPI with a 3% cap. The buyer will be identified by the Housing Department through the Weighted Drawing process.