Jackson may scale back 2:1 housing bonus unless units go below 160% AMI

Jackson’s 2:1 Workforce Housing Bonus could shift from a flat deal to a sliding scale that gives a smaller market-rate reward unless developers deliver deed-restricted units affordable below 160% of area median income (AMI). At the June 15 workshop, Town Council will discuss staff’s proposal to cut the bonus for workforce-restricted units to 1:1, and reserve higher ratios for deeper affordability, as part of draft Land Development Regulations (LDRs) changes aimed at large-development impacts Town Council workshop packet.

Staff frames the change as a way to increase the public benefit from a tool that has been “very well-used,” and notes developers have typically chosen the least-subsidized occupancy-based workforce restriction under the current 2:1 setup. The packet also says there are “approximately 500 units remaining in the pool” tied to the original bonus-unit relocation agreement, so the direction Council gives now is likely to shape the affordability outcome of most of the bonus units still to come Town Council workshop packet.