Navigate has broad experience creating systems to effectively manage workforce housing programs that serve the diverse makeup of the local workforce in Teton County.
With practical knowledge from overseeing the restrictions on more than 800 workforce housing units in 9 different public programs, Navigate has the ability to create policies unique to local business needs.
An overview of the varied programs:
Affordable Program: Ownership units targeting households earning less than 120% of the Area Median Income (AMI). This program is utilized to meet town and county housing requirements or units fulfilling new residential development requirements.
Employment-Based Program: Ownership units with less stringent income / asset means testing targeted at households earning between 120 -175% of the AMI.
Attainable Program: Ownership units where buyers purchase land and construct homes to meet their family needs. Targeted at households earning between 100 – 140% of AMI.
Employee Program: Rental units with income and rental caps. This program is utilized to meet town and county housing requirements or units fulfilling new commercial development requirements.
ARU Program: Accessory Residential Units (ARU) are rental units without income and rental caps. The Land Development Regulations allow free floor area for the development of these units as long as they are rented to those employed in Teton County.
Live/Work Program: A unit that combines both residential and commercial uses that inherently provides housing for the local workforce.
Teton County Employee Housing Program: Direct tenant management of rental units owned by Teton County. Units are located at Hoback Junction and are rented to Teton County Government employees with priority for Critical Service Providers.
Business Option Program: Established as a mechanism to offer Teton Village employers and non-profits the ability to identify their employees as potential buyers in a restricted product. The Homesteads at Teton Village is an example of this program.
Credits: The construction of employee or affordable housing in advance of any development requirement are referred to as credits. Although not explicitly allowed in the land development regulations, pooling of requirements is allowed. The Powderhorn Employee Housing project being developed by the Jackson Hole Mountain Resort is an example of this.