Workforce homes are intended to serve households who earn more than 120% of the Median Family Income, but still cannot afford a market home. The Workforce Housing Program has both rental and ownership units.
Key PointsQualifications - No Income or Asset limits
- One person in the household must work full-time in Teton County, Wyoming (1,560 hours per year - an average of 30 hours/week)
- 75% of total household’s income must be earned from a local business at time of rental/purchase and during occupancy
- May not own residential real estate within 150 miles of Teton County, Wyoming
- Must be a U.S. Citizen or Lawful Permanent Resident (Green Card) Ownership only
Occupancy & Use - There is no minimum household size for Workforce units.
- May not sublet/rent any rooms in the home or the home without prior approval of the Housing Department.
- Must occupy the home 10 months out of each calendar year Ownership only
- Must occupy the home for 80% of the lease term Rentals only
- Rental units must not be owner occupied and must remain rental units Rentals only
Rental Process - All current Workforce rentals are provided by independent developers
- All tenants of Workforce rentals are selected by the owner directly - the Housing Department is not involved
- There is no cap on rental rates. Pricing for Workforce rentals is decided by the owner - the Housing Department is not involved
- Units may not remain vacant for more than 60 days.
- Owners must keep records to verify tenants are qualified. The Housing Department must qualify the household, and requalify the household annually
Sales Process - Most of the Workforce ownership homes in our community are provided by independent developers
- Initial buyers are chosen by the developer directly - the Housing Department is not involved
- Initial sales price of a Workforce ownership home is negotiated directly between the buyer and seller - the Housing Department is not involved
- If the initial buyer decides to sell, all subsequent buyers will be selected through the Housing Department’s Weighted Drawing process. This requires that one person in the household must work full-time in Teton County, WY, for a minimum of one year
- Appreciation is limited after the initial sale (CPI capped at 3%)
- The Housing Department must qualify the household, and requalify the household annually
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Housing Authority Developed Workforce Homes
The Housing Authority developed and sold 12 Workforce Ownership Units at the Grove. The Housing Authority does not currently own any developments that contain Workforce Rental Units. If you are looking for a Workforce Rental Unit, please see our Teton County Rental Resources. If any current Workforce Homeowners decide to sell, a qualified buyer will be selected through our weighted drawing process.
Workforce Homes Provided by Independent Developers
Most of the Workforce homes in our community are developer provided due to Teton County Land Development Regulations (LDRs) that require and/or provide incentives for developers to provide a portion of deed restricted units when building a market development. Tenants and/or initial owners are selected by the developer directly. The Housing Department is resposible for managing compliance of all households to ensure that the tenants and/or owners meet the requirements of the recorded restriction. We do not set the initial pricing for developer provided Workforce units -- rather it is whatever the market will allow.
If you would like to be eligible to enter weighted drawings for homes and/or sign up for our mailing list to learn when new units are available, you need to fill out our online Intake Form. Click here to learn more about our process.
