Jackson and Teton County advance 90 Virginia Lane housing project, extend development-agreement timeline

Jackson — Town and county elected officials voted March 9 to advance the 90 Virginia Lane affordable workforce housing project, directing staff to finalize development agreements and extending the negotiation timeline to May 4, 2026.

April Dorton, the housing director, told the joint meeting the site — a 5.15-acre parcel in Midtown purchased by the housing authority in 2023 — is designed to yield 221 permanently protected homes: 161 rental units and 60 for-sale units. "We are asking you all seven questions that are related to funding, phasing, and oversight of the project," Dorton said, framing the council and commission's decision as one about timing, protections and public investment.

Why it matters: Officials and residents said the project would add immediate housing supply near transit and services and help address local workforce shortages. Staff and the developer, Penrose, described a financing plan that relies on a mix of private debt and equity, developer guarantees, and public subsidy. Staff estimated public funding at roughly 28% of the project’s sources and said the housing authority and the town and county have previously committed $10,000,000; Penrose asked the jurisdictions to commit up to another $10,000,000 to bridge a remaining financing gap.

Develop…