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175 Front Street Affordable Housing Project
Funding applications have been submitted for the 175 Front Street Project in Driggs by the selected developer, Northwest Real Estate Capital Corp (NWRECC), following execution of an amended agreement between the Housing Authority and Teton County, updating project details and allowing for the land to be donated to the Housing Authority, which would then lease it to NWRECC for 65-75 years in return for 28 units of deed-restricted affordable apartments and use of the ground-floor for employee housing.
Sherman Park Affordable Housing Project
A funding application was submitted to Idaho Housing and Finance on March 10th for the Sherman Park Workforce Housing project on 3.39 acres at the intersection of Agate Ave and Baseline Rd in Victor. The project proposes 84 apartments with 23 being deed-restricted as affordable to households earning up to 80% of the Area Median Income. Funding awards are expected to be announced in May or June. A rezone application was submitted on February 10, 2023 to the City of Victor.
Economic & Planning Systems Hired for Employee Generation Study
Economic & Planning Systems is expected to deliver a study at the May Housing Authority board meeting that calculates the additional workforce housing demand created by new market residential and non-residential development. This will support local efforts to understand better and address the workforce housing shortage.