Jackson Hole Affordable Housing Update: What the Latest State Funding Request Means for the Local Real Estate Market
Despite past controversy surrounding affordable housing funding, the Town of Jackson may once again seek support from the State of Wyoming—a move that could influence the broader Jackson Hole housing market in 2025 and beyond.
At an upcoming Town Council meeting, officials are expected to decide whether to apply for up to $2.2 million in state funding to support two major affordable and workforce housing developments: S4 Flats and The Virginian. The funding would come from a Wyoming Office of State Lands and Investments grant, part of a $5 million allocation approved by the state legislature in 2024 to address unmet housing and workforce needs across Wyoming.
Jackson has previously secured state funding for housing, including $1.25 million in 2023 for the Flat Creek Apartments. While that decision generated statewide debate, town leadership continues to emphasize the tangible impact, noting that 48 local families now live in those homes.
The proposed S4 Flats project, located near Smith and Simon lanes, would include 13 deed-restricted units, offering a mix of ownership and workforce rentals targeted at local employees. Funding would reimburse land acquisition costs after the town purchased the site for $1.2 million in 2022.
The larger Virginian development is designed to deliver more than 200 affordable and workforce housing units, addressing a critical need for housing options that support Jackson Hole’s workforce. The project currently faces a $17 million funding gap, and the requested state funds would help offset land costs from the town and county’s $28 million purchase in 2023.
Applications are due by January 30, with final approval resting with the State Land and Investment Board.
At Harland Brothers Real Estate, we closely monitor these developments because workforce and affordable housing initiatives play a direct role in the long-term stability of the Jackson Hole real estate market—supporting local businesses, strengthening the community, and shaping housing availability for buyers, sellers, and investors alike.
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