In a recent government meeting, officials discussed significant advancements in residential development plans aimed at addressing workforce housing needs in Jackson. The town's comprehensive plan outlines a build-out cap that allows for the construction of approximately 550 residential units, with a focus on creating affordable housing for local workers.

The proposed development will be located in the Midtown neighborhood, identified as a suitable area for increased density and affordable housing production. This initiative marks a shift towards permanently derestricted housing, contrasting with market-rate options, and aims to enhance the community's housing stock.

The process leading to this proposal began with land acquisition discussions and financing strategies, culminating in a neighborhood meeting held on May 24, 2023. Following the closure of the property on August 1, 2023, the town released a Request for Proposals (RFP) on November 8, which garnered an unexpected 11 responses by February 2, 2024. This strong interest reflects the community's pressing need for affordable housing solutions.

The Housing Supply Board has been actively engaged in selecting a development partner, ultimately choosing Penrose for the project. Currently, the board is considering terms for a ground lease, which is a prerequisite for advancing to the planning and building phases of the project.

Key requirements outlined in the RFP include a minimum of 150 units, with additional points awarded for proposals that include more deed-restricted units. The plan stipulates a distribution of at least 30 units across various affordable ranges, while limiting workforce housing units to a maximum of 30.

As discussions progress, the town remains committed to fostering a collaborative approach to meet the housing needs of its workforce, ensuring that development aligns with community goals and the comprehensive plan.