Jackson council to weigh more 80 to 160% income homes at 90 Virginian Lane

Jackson’s Town Council is set to consider a new affordability mix for the 221-home 90 Virginian Lane development, a shift that would trade some unrestricted “workforce” units for more deed-restricted homes aimed at households earning 80 to 160% of median income, while keeping the overall project size the same agenda.

Staff is recommending “Option 1C,” which keeps the project at 70% rental (161 apartments) and 30% ownership (60 condos), with weighted affordability dropping to 123% median income for rentals and 145% for ownership. The public subsidy would remain $5 million total, but reallocated to $4 million for the rental project and $1 million for the for-sale side, as Council decides whether to direct staff to prepare the full development agreement package and take the same direction back to the county for a joint vote later this summer agenda packet.