County commissioners ratify ending Pennrose talks on 90 Virginian Lane

Commissioners are set to approve July 14 minutes documenting a 3-2 vote to direct the Housing Authority Board to terminate negotiations with Pennrose LLC for the 221-home, deed-restricted 90 Virginian Lane workforce housing project.

County commissioners will be asked Monday to approve minutes that record a 3-2 vote directing the Housing Authority Board to terminate negotiations with Pennrose LLC for the 90 Virginian Lane affordable workforce housing development, a project pitched at 221 deed-restricted homes (161 rentals, 60 ownership) with about $45 million in public investment. If the board approves the minutes, it is essentially locking in that July 14 direction unless commissioners bring back a new motion to restart talks. Joint meeting minutes

The July 14 staff packet framed the decision as a choice between moving forward with Pennrose in 2026 or waiting until 2027 to revisit options like a new request for proposals or even selling the land. Staff recommended proceeding with Pennrose, citing the project’s ability to leverage over $100 million in private financing and deliver the homes within the next couple of years. 90 Virginian Lane agenda packet

Background

Virginian Lane Affordable Workforce Housing Development

The Virginian Lane Workforce Housing project proposes 221 deed-restricted homes in Jackson, with $45M public funding and $100M+ private investment, targeting a 2026 groundbreaking and 2028 completion.

Latest: 2028 — Expected availability of Phase 1 homes for local workforce.

curated as of 2026-07-11

90 Virginian Lane Housing Project

On July 14, 2026, the Jackson Town Council rejected and Teton County paused action on the 90 Virginian Lane housing project with Pennrose; no final approval was given.

Latest: 2026-07-14 — Jackson Town Council voted 1-4 against proceeding with Pennrose; Teton County voted 5-0 to pause project documents and 3-2 to seek a white paper on impact investing. No final approval granted.

curated as of 2026-07-11

Source Documents

DateTitleType
August 3, 2026Joint Meeting Minutesminutes
July 14, 202690 Virginian Lane Affordable Workforce Housing Development Agenda Packetpacket