Housing board set to buy 5265 Torrence Road, then resell at $360,000
On Nov. 4, the Jackson and Teton County Housing Authority is set to vote on buying the deed-restricted home at 5265 Torrence Road for $288,648 and reclassifying it for an 80 to 120% income range resale.
The Jackson and Teton County Housing Authority is set to vote Wednesday on purchasing the deed-restricted home at 5265 Torrence Road for $288,648, then reclassifying it so it can be resold to an eligible buyer in the 80 to 120% income range at $360,000, staff says in its report. Staff says the unit is a 2002-built, 2-bedroom, 1-bath home (1,034 square feet) that currently falls under an older “Category 3” income category that the current housing rules no longer use, so the buy-back is meant to reset the unit to today’s program and price targets. Staff also projects about $71,352 net to the Housing Supply Fund after resale, with carrying costs to be reimbursed from the facilitation fee collected from the seller. Nov. 4 meeting packet
The packet says the Housing Department received the owner’s letter of intent to sell in late October, after the Housing Authority’s last regular meeting on Oct. 9. The Oct. 9 packet does not show any earlier board action on this specific purchase. Oct. 9 meeting packet
If the board approves the buy-back, the next practical question for workers trying to plan is simple: when will this home actually be listed for buyers to apply for, and with what timeline for closing?
Background
In November 2026, the Housing Authority moved to purchase 5265 Torrence Road for $288,648 and reclassify it for buyers in the 80–120% AMI range, expanding affordable homeownership opportunities in Teton County.
Latest: 2026-11-04 — Housing Authority Board considered and was recommended to approve purchase of 5265 Torrence Road for $288,648 and direct staff to reclassify the unit to the 80–120% AMI range with a new resale price of $360,000.
curated as of 2026-11-03
On August 1, 2023, the Housing Authority bought 90 Virginian Lane for $28M using tax-exempt bonds and public funding for workforce housing.
Latest: 2023-08-01 — Jackson/Teton County Housing Authority closed on the purchase of 90 Virginian Lane for $28 million using tax-exempt bond financing and public funding.
curated as of 2026-10-02
Source Documents
| Date | Title | Type |
|---|---|---|
| November 4, 2026 | Housing Authority Meeting Agenda Packet | packet |
| October 9, 2026 | Housing Authority Meeting Agenda Packet | packet |