30 Pine Glades Drive

Exterior

Living Room

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30 Pine Glades Drive: 3-bedroom, 2-bathroom, 1,480 square feet, range, refrigerator, dishwasher, microwave, washer and dryer, 2 pets allowed

Home Price: $491,261

Income Range: Workforce ownership unit - see eligibility requirements, below.

Occupancy Requirement: one or two adults with two or more dependents

Amended and Restated CCR’s (please read):

Floor Plans (end unit on the Left): click here

Example cost break down for a purchase price of $491,261:



3.5% down payment (required)

$17,194

Loan Amount

$474,067

Principal & Interest Payment (estimated 5%)

$2,545

Property Tax (estimate)

$235

Insurance (estimate)

$100

HOA Dues (updated)

$348

Total Estimated Monthly Payment

$3,228

We recommend you speak to a local lender about all your financing options.

Eligibility Requirements:

Please note the policies in effect to enter any weighted drawing: Housing Department Rules & Regulations

Weighted Drawing Entry Eligibility Highlights:

  • At least one adult in the household must be employed full-time in Teton County for a minimum of one year. The Housing Department defines full-time employment as working a minimum of 1560 hours per year (30 hours/week average).
  • You may receive one additional entry into the drawing for every year of verified full-time employment (minimum of 1,560 hours) in Teton County with a maximum of 10 years/entries.
  • No income or asset limits.
  • Must have a completed Lenders Qualification Worksheet with an up to date Credit Report (provided by a local lender, AnnualCreditReport.com, or CreditKarma.com), and a completed Home Buyer Education Class Certificate all must be attached to the Weighted Drawing Entry Sheet or on file with the Housing Department. The Housing Department will keep your Lender's Qualification on file for one year. The Home Buyer Education Certificate is good indefinitely.
  • The loan amount on your Lender's Qualification worksheet is for at least the purchase price minus your down payment of the home for which you are applying. You must be able to prove your ability to secure financing.
  • 75% of the Household’s combined income must be earned working for a business located in Teton County.
  • Household must live in the home 10 months out of each year.
  • Household may not own any residential real estate within 150 miles of Teton County.
  • Please click here for information for Critical Service Providers (CSPs).

Calculation of Income:

Household income is calculated based on the current income earned by all intended adult occupants of the Restricted Housing Unit at time of weighted drawing entry using the current household income to estimate an annual (12 month) income basis. Households must use their current income and may not make changes or adjustments during a drawing period.

Business income of a qualifying Household is calculated using an average of the last three (3) years of income on the business’ tax returns. A year to date profit and loss determination will also be used to calculate business income. If the business has not been operating for three (3)

Deadline to Apply: Tuesday, September 10, 2019 by 4:00 p.m. No late or incomplete entries will be accepted. If selected first for this unit you will be notified by phone. All others will be sent an email notice.

All forms need to enter into this weighted drawing are here, under "Ownership - Weighted Drawing Entry Forms".

We understand that our applications to enter into the weighted drawing take time and effort, and we do not want to disqualify you due to an oversight or misunderstanding about our process. Please bring your applications in prior to the due date so that we have time to work with you, make corrections, and give feedback if anything is wrong.