Habitat is an Equal Housing Lender Opportunity provider. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status, or national origin.
What is Habitat’s Homeownership program?
Habitat for Humanity of the Greater Teton Area partners with families and individuals in a homeownership program to build simple, decent and affordable housing in Jackson WY and it’s surrounding areas. Once accepted into the program, the future homeowner will build their home in partnership with Habitat supporters and volunteers, participate in a homeowner education program, save $2,500 towards closing costs, and pay an affordable mortgage. Future homeowners are supported by Habitat staff and a volunteer advocate throughout the entire process to ensure the successful completion of the program.
All applicants must meet three criteria:
1 Need for Housing – Applicants need to demonstrate their need for housing. Need is defined by experiencing one or more of the following in their current housing:
- Current housing cost is more than 30% of gross household income.
- Current housing conditions are substandard regarding structure, wiring, plumbing, accessibility, mechanical, or heating.
- Current housing is overcrowded or siblings of the same gender are required to share a bedroom.
2 Willingness to Partner – Applicants need to demonstrate their willingness to partner with Habitat in:
- Contributing 500 hours of sweat equity, which includes working on the job site and enlisting friends and family to contribute to sweat equity hours.
- Participating in marketing campaigns including photo and story sharing on social media and marketing materials.
- Contributing $2,500 in savings to the closing cost of the Habitat home.
3 Ability to Pay – Applicants must demonstrate the ability to pay an affordable mortgage. Ability to pay is demonstrated through:
- A history of steady employment and household income.
- Four years must have passed since any bankruptcy was discharged. Liens or judgments are considered if they can be resolved before closing on the home.
- Household income is within Habitat’s income guidelines. Habitat serves households with a maximum income of 80% of the Area Median Income (AMI) based on their household size.
Qualifying Income at 30% to 80% of AMI for Teton County, WY Based on Household Size
|Household Size||AMI 30%-80% Range||Household Size||AMI 30%-80% Range|
Other Considerations: All individuals who will be residing in the home and contributing to the household income must be U.S. citizens or have permanent residency. Specifically for The Grove, applicants must work an average of 30 hours/ week annual within Teton County.
How to apply?
When Habitat has an upcoming housing opportunity, we will advertise several information sessions. Interested applicants must attend one of these sessions. Applications for the homeownership program are available at each of these sessions and at the Habitat office. Interested individuals should complete the application and submit to Habitat with supporting documents by the due date. Incomplete applications may be dropped from the selection process. Habitat’s Homeowner Selection Committee will review applications, verify qualifications, call references, and conduct home interviews and visits with select applicants. The Board of Directors will approve final applicants to be offered a place in the homeownership program. There is no limit on how many times you can apply, so if you are not accepted for one housing opportunity, please apply again.
If you would like to be notified when information sessions are scheduled for the next housing opportunity, please contact Homeowner Services Manager, Wendy Martinez at (307) 734-0828, ext. 104 or email@example.com.
How much do Habitat homes cost?
The following factors are considered when pricing the home:
- Habitat is a lender and sells homes with 0% interest, 30-year mortgages. A 0% interest loan is the primary mechanism which makes Habitat homeownership attainable.
- To further increase affordability, Habitat only sells improvements on the property and not the land itself. In all projects, except for the upcoming Grove, the land is leased to the homeowner through a 99-year ground lease.
- Most importantly, Habitat monthly housing costs are below 30% of homeowner’s household income, making Habitat mortgages less than half of the of typical rental payments in the Jackson market and thus a much more stable option for Category 1 income earners.
- A hand up, not a hand out – Habitat homeowners complete at least 500 “sweat equity” hours building their homes, complete homeowner education classes, and pay approximately $2,500 toward closing costs.
- Habitat mortgages are also deed restricted ensuring the sustainability of Category 1, affordable housing.
- Habitat utilizes the Wyoming Community Development Authority (WCDA) as a secondary market for mortgages.