Flat Creek Apartments at 400 West Snow King Avenue

This partnership with BlueLine Development and Snow King Partners will result in 48 Affordable Rental units serving households earning 30-60% of median family income, or less than $66,420 for a family of three. 

This is the first development to receive Low-Income Housing Tax Credits (LIHTC) since 2003. Total allocations awarded:

  • LIHTC: $12,940,099
  • HOME: $1,455,000
  • NHTF: $860,000

The Town of Jackson will contribute the land (appraised value $5,000,000) via a long-term Ground Lease and $1,000,000 to the development. The Town applied for CDBG funding for the project, but was unsuccessful in 2022 and will re-apply for 2023 allocations. 

Anticipated Groundbreaking: TBD. Either late Fall 2022 or Spring 2023. 

Total Units: 48 rental units

Affordability: Affordable Rental <60% median income

Public Investment Per Unit: $125,000/unit 

Next Steps:

  • Project Progress Update to Town Council, August 15, 2022 at 1:30pm
  • Demo Permit - not yet submitted
  • Building & Grading Permit - not yet submitted

The Fair Auxiliary Building use (green building) will move across the road to the Fairgrounds site located at 305 W. Snow King Avenue, replacing the temporary Fire Station 1 use. Review the Change of Use application for that project. The new building will provide a larger, newer space for the community's use. On July 19, 2022, the Teton County Commissioners approved a contract for construction documents, bidding, and construction administration for the necessary construction required to convert the temporary fire station to the new community center.