Housing Authority to reset 270 W. Pearl #108 resale to 50-80% income

The Jackson/Teton County Housing Authority is set to approve an amended and restated special restriction for 270 W. Pearl Unit #108 that would cap eligibility at a 50-80% income range, replacing the older “Category 1” (0-80%) designation. Staff says the change aligns the condo with the post-2018 standard restrictions and reflects a practical issue with very low income ownership units, “as it is difficult at the low income to continue to afford the HOA dues” Housing Authority Meeting Agenda Packet.

The draft restriction lists the key guardrails buyers must meet, including full-time employment for a local business in Teton County, a ban on owning other residential property within 75 miles of Jackson, and annual verification of requirements. The packet also spells out the current income caps for eligibility, including $79,240 for a one-person household and $90,560 for a two-person household Housing Authority Meeting Agenda Packet.