Flat Creek Apartments at 400 West Snow King Avenue

400 west SK

This partnership with BlueLine Development and Snow King Partners will result in 48 Affordable Rental units serving households earning 30-60% of median family income. If the project receives Low Income Housing Tax Credits (award announcement is in January 2022), the Town of Jackson will contribute the land (appraised value $5,000,000) via a long-term Ground Lease and $1,000,000 to the development. The Town has also applied for $1,250,000 CDBG funding that if awarded will be contributed to the project. 

CDBG Funding: Application due September 30, 2021. Awards announced January 2022. 

LIHTC Funding: Application due October 31, 2021. Awards announced January 2022. 

Anticipated Groundbreaking: Summer 2022

Total Units: 48 rental apartments

Affordability: Affordable Rental 30-60% MFI

Public Investment Per Unit: $125,000/unit