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Thu September 20, 2007
Housing Authority Wants Jackson Home Prices Down
By CJ Baker
LARAMIE, WY – With many Jackson workers priced-out of the housing market, the Teton County Housing Authority is pushing to make at least a quarter of all new housing developments affordable. The current rate is 15 percent.
The Authority's executive director Christine Walker says if the change is approved by city and county officials, it could go into effect within the next three months. But she says the Authority would like to see those rates go even higher.
Our ultimate goal would be to raise the mitigation rates to 40 percent, she says.
Walker says other resort communities, such as Aspen Colorado, require 60 percent of housing to be affordable. To be considered affordable, housing can not cost more than 30 percent of a person's income. Right now, the median home price in Jackson is one point two million dollars.