907 Sandcherry Way

907 Sandcherry Way Unit 20 (located by Jackson Hole Golf & Tennis):

• 1-bedroom, 1-bathroom, 2 assigned parking spaces
• Approximately 672 square feet
• Range, refrigerator, microwave, dishwasher, stackable washer & dryer
• 1 household pet, NO DOGS allowed (when this home was built, the County chose to prohibit dogs in this neighborhood) 
• Home Price: $180,072
• Household income must be between 50% to 80% of the Median Family Income (details below)
• Household size must be 1 or more people.
• At least one adult in the household must work a minimum of 1,560 hours per year. Please read the policies to enter any weighted drawing: Housing Department Rules & Regulations, Section 4: Weighted Drawing.
• Household may not own any residential real estate within 75 miles of the Town of Jackson.
• Deadline to Apply: Tuesday, February 25th by 4:00 p.m. No late or incomplete entries will be allowed, with no exceptions. If selected first for this unit you will be notified by phone. All others will be sent an email notice. 
• CCR'S
• Special Restrictions

The Housing Department has transitioned to a new online account and application platform.

If you have created and completed your interest application prior to February 12th, and you meet the income and asset qualifications for the specific unit currently available, you will receive an email from us inviting you to enter the drawing for this unit. If you have not received an invitation email, you may not enter this drawing. 

Step 1: If you have received an invitation email, click the link in the email to enter the drawing.

Step 2: Upload the following documents to your Interest Application before the deadline (February 25, 2025)

• Affidavits of Current Employment for all jobs of all adults in the household.
• Affidavits of Previous Employment for one adult in the household to verify up to 10 years consecutive full-time employment for a Local Business.

1. 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.

• Critical Service Provider Verification if you are a Qualified Critical Service Provider.

For Self Employment - please provide the following:

• Self-employment application here

Income Limits 

To be eligible to be invited to enter this drawing your household's gross income (before taxes) must fit into the range listed below, and your household's net assets musts not exceed the asset limit listed below. 

• One-person household: $46,585-$74,536
• Two-person household: $53,240-$85,184
• Three-person household: $59,895-$95,832
• Four-person household: $66,550-$106,480
• Five-person household: $71,874-$114,998
• Net asset limit: $212,960 

Example costs break down for a purchase price of $180,072

Calculation of Income

Household income is calculated based on the current income earned by all intended adult occupants of the Restricted Housing Unit at the time of weighted drawing entry using the current household income to estimate an annual (12-month) income basis. 

Self-Employment Income Calculation Policy 

Business must be a Qualified Local Business for income to be counted as Local Income.

Gross business income is used minus the cost of goods sold (not the cost of goods in inventory – that is an exempt asset) and minus cash expenses only. Equipment, vehicles, furniture, fixtures, etc. are already exempt from being counted as assets so they are not allowed to also be deducted from income. Travel expenses will only be deducted in cases where travel is directly related to the business as determined by the Housing Department. Meals/Entertainment expenses will not be counted as a deduction. Depreciation is not an allowed deduction.

Once selected in a Weighted Drawing:

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  The complete application paperwork is not required at time of drawing entry however, it will be required when you are selected for a home.  Please keep in mind you will only have 5 business days from date of notification to provide it.  For anyone who may need more time, and would like to complete the required paperwork for “when selected” all forms needed can be found under "Ownership - Weighted Drawing Entry Forms".  For your convenience please see below.
  • Checklist
  • Lenders Qualification Worksheet (must be completed by a Local Lender, the Lender's Qualification is valid for one year, the loan amount on your Lender's Qualification worksheet must be at least the purchase price minus your down payment of the home for which you are applying for) 
  • Up-to-date Credit Report (provided by a local lender, AnnualCreditReport.com, or CreditKarma.com) 
  • Completed Home Buyer Education Class Certificate.  The Home Buyer Education Certificate is good indefinitely. Homebuyer Education Link

 For questions, please contact the Housing Department via housing@tetoncountywy.gov or 307-732-0867.