Housing Trust breaks ground on 24 affordables
JACKSON, Wyo. — The Jackson Hole Community Housing Trust this week broke ground on a 24-unit housing development at 174 N. King Street.
The project was to have been undertaken by the town/county joint Housing Department but when financing could not come together, it was the Housing Trust to the rescue.
“We are grateful for another opportunity to partner with the town of Jackson and the Housing Department to get much needed affordable housing in the ground,” said executive director Anne Cresswell. “With this project, we will move the needle and make meaningful progress on a problem that affects every sector of our community.”
174 North King Street is a partnership with the town of Jackson that contributed the land and $1.25M. The Housing Trust plans to leverage the contribution of the town with private philanthropy to ensure all 24 homes will be permanently affordable for dedicated members of the workforce. Upon project completion, the homes are expected to serve more than 50 people.
The Housing Trust chose regional contractor Shaw Construction for the build. It is the third time Shaw has worked with the Housing Trust.
The project’s mixed-use component presented a bit of a twist for the Housing Trust but Cresswell was able to puzzle together funding sources to make the build happen this spring.