Conserving community in Teton County by developing essential, a ffordable housing.
2023 Teton County By the Numbers
$1,400,000
2023 Median Condo Sale Price
$3,425,000
Free Market Home Prices
Median Single-Family Home Price $ Household Income
$640,000*
Projected Income Needed to Afford a Free Market SingleFamily Home $ $127,700 (4-Person Household)
Our Vision
To end the housing crisis in our community.
$102,160 (2-Person Household)
2023 Median Incomes
*Methodology: Derived from 20% down and 30 year fixed mortgage based on current lending rates (6.9%).
A Letter from the Executive Director
In 2023, Momentum Abounds.
According to the Merriam-Webster dictionary, momentum is a function of mass and velocity. As I reflect on 2023, it’s the dynamic momentum of our community and our organization that brings me great gratitude.
As this definition relates to the Community Housing Trust (CHT), mass represents land and opportunity; velocity is made possible by approvals, permits, philanthropy and partnerships.
2023 was a memorable year; with the Gill family, Teton Habitat and with support from the Board of County Commissioners, we made historic progress on Northern South Park—arguably Jackson’s greatest opportunity to have an indelible impact on our community’s housing crisis. With the support of our incredibly generous donors, twenty new Affordable homes on Hansen Corner became a reality.
And so today, it is with deep appreciation that I can look back and feel confident that our cumulative, strategic investments in a pipeline of projects have paid off. For the first time in the 32-year history of our organization, the CHT has land secured on which we can develop 330 Affordable homes. This is momentum. And the benefits of this momentum will accrue to our community in perpetuity.
It is our honor to be part of the solution to the housing crisis in our community. It takes momentum to keep up this great work, but together, we can stay informed and prioritize truly Affordable housing. At the end of the day, affordable housing is about people, and everything we love about Jackson is either protected by or made possible by people.
Best, Anne
CHT Executive Director Anne Cresswell on the job site of Hansen Corner
DETERMINATION
Under Construction: Hansen Corner. This spring, the CHT broke ground on Hansen Corner—twenty affordable homes on five lots made possible by generous private philanthropy. Construction is well under way and completion is anticipated next spring. Collaboration with a modular builder has helped to
In Development: Nelson Drive. On a 7.5 acre USFS administrative parcel in east Jackson, the CHT and Bridger Teton National Forest have an opportunity to develop affordable rental housing for essential employees in Teton County. Nelson Drive represents a new model for a public/private partnership that was made possible when the Department of Agriculture issued the first 30-year Special Use Permit in the nation to the CHT. This partnership leverages land contributed at no cost with the development expertise we have acquired over the last 30 years.
Project Pipeline: Forward Momentum
We are honored by the confidence entrusted to us by our generou s partners.
Horse Creek
25 Single-Family Homes
Stakeholders continue to work together to ensure the future of Northern South Park.
Northern South Park
Approximately 210 CHT Homes
STEWARDSHIP
Community Housing Trust 2023 Financials
Housing Trust staff review plans on site with New West Superintendent Brendan Curnow.
Affordable Housing by the Numbers
90% of people in need of housing in Teton County earn less than 120% Area Median Income.
$93,170 $106,480 $119,790 $133,100 2024 Area Median Income
What is Affordable Housing?
Housing that is priced to be affordable to a household earning less than 120% of Area Median Income. A home is “affordable” if a household is spending less than 30% of their gross income on their housing.
The CHT program is designed to serve households that earn up to 120% AMI.
1,309 household applicants
14 Years
average years in the valley
158 hours average annual community service hours performed by each household
COMPASSION
Tenant Spotlight
Andy and Arianna Mahoney
Arianna and Andy Mahoney have quintessential Jackson Hole stories. Both moved to Jackson after college for the small-town, mountain lifestyle. Seven years later, their lives intersected, and the Community Housing Trust helped keep this young, talented family in Teton County.
Andy, Arianna and their 2-year-old son live at Redmond Street Rentals. When it was just Ariana and Andy, their one-bedroom home was perfect. When they found out they were expecting, they transformed their kitchen pantry into a nursery and they were determined to make it work. However, when a two-bedroom home across the courtyard opened, weeks before their son was born, they jumped on the opportunity. This stable, qualitybuilt affordable home has made all the difference for the Mahoneys. In Arianna’s words, “If we had been in a market rental, we simply wouldn’t have the peace of mind that we have now. Because of our home, we have been able to make changes in our careers, which have fulfilled our lives.” These creative and engaging professionals are part of the fabulous fabric in east Jackson.
TOGETHER we are all smiling bigger and brighter knowing the Mahoneys aren’t going anywhere soon.
Together We Build Community.
Board Member Spotlight
Van Davis
Van Davis’s love affair with Wyoming began during a teenage summer spent in Sunlight Basin, WY. He left that visit forever imprinted, deciding then that he wanted to be a forest ranger when he grew up. Van finally realized his dream upon retirement when he became a volunteer ranger for Grand Teton National Park. It is through this experience that Van and his wife Lynne discovered the park they love is stewarded by passionate people dedicated to protecting natural resources and preserving recreational opportunities. Likewise, it is the people of Teton County who create the unparalleled sense of place in our remote corner of Wyoming.
Formally trained as a corporate tax lawyer, Van brings a keen legal and financial lens to the Community Housing Trust, not to mention his practical expertise as a recent past board member of the Princeton Community Housing Trust for more than 12 years.
— Van Davis “ ”
It’s important to me to be part of the community where I live, and I enjoy being a part of the Community Housing Trust. Jackson faces a unique set of labor and supply chain challenges and the CHT does an incredible job serving Jackson with quality Affordable housing that is so greatly needed to keep our community’s character.
COLLABORATION
Donor Spotlight
AnnaMarie Daniels
In 1992, AnnaMarie Daniels embarked on a conventional real esta te investment strategy that she hoped would generate revenue to support a reasonable retirement. As h er appreciation for the Jackson community deepened, so too did her awareness of the rapidly escalating ra te of rental housing cost across Teton County.
Over the years, her retirement strategy evolved into a passion project as she witnessed firsthand the impact stable, affordable rental rates had on her tenants.
By 2022, AnnaMarie determined that it was too important for the tenants and for the Jackson community to leave the affordability of several properties she acquired over time to chance; she wanted to do something meaningful with the assets she acquired. To date, AnnaMarie has donated three single-family homes to the Community Housing Trust and more homes will be conveyed in the coming years.
Donate Today to Support Future Projects
Jackson is such a special community. I feel so lucky my husband and I found it. It has been distressing to see how market forces have impacted our workforce—our public health employees, teachers, shop workers - and I wanted to do something meaningful.
— AnnaMarie Daniels
Board Members
Berte Hirschfield, Chairwoman
Alexis Dittmer, Vice Chair
Ethan Steinberg, Treasurer
Lannie Hoglund, Secretary
Deborah Ramo
Van Davis
Shelley Holland
John Millham
Julie Ferguson
Dale Hoyt
Amy Minella
Advisory Board
Bomber Bryan
Robert Hartman
Emeritus Board
Frances Tessler
Margot Snowdon
Arne Jorgensen
Staff
Anne Cresswell, Executive Director
Alison Lee, Project Development Director
Jennifer Scott, Homeowner & Tenant Program Drirector
