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Wyoming housing deals under scrutiny as Teton residents and developer clash over tax status of Flat Creek project
Summary
A Teton County resident alleged last week that a publicly‑leased affordable housing project (Flat Creek) uses a tiny public ownership stake to claim property tax exemption while private investors reap value; the project's developer and county officials said the structure is consistent with Low Income Housing Tax Credit rules and statutory exemptions.
Public testimony before the Revenue Committee on a Teton County affordable housing project turned into a detailed dispute over ownership, tax exemptions and who benefits.
Rebecca Bextel, a Jackson resident, told the committee she used public records to examine Flat Creek Apartments — a 48‑unit project built on one acre the town leased under a 99‑year agreement — and concluded the arrangement resulted in a near‑complete tax exemption for a privately managed development that benefited outside investors.
"They do not pay a penny in property tax," Bextel said, describing documents showing the Teton County Housing Authority held a 0.0001% stake, local partners held tiny fractional interests, and…
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