JACKSON, Wyo. — On Monday, March 4, Town Council approved the sale of Kelly Place Condo Unit 11 to be sold to the Senior Center of Jackson Hole for employee housing.
Kelly Place Condos, located at 440 W. Kelly Avenue, is a public-private partnership that created 12 Workforce homes.
Council approved a change to Kelly Place Condos’ deed restrictions at their Feb. 5 Regular Meeting, to allow the developer to sell units 3, 11 and 12 (sale price can not exceed $895,000) to businesses that would then rent the condos to their workforce employees. There is the stipulation that the units must be rented to a Qualified Household who meets the Workforce Program requirements (one person works full-time locally, 75% of household income is earned locally, no ownership of residential real estate within 150 miles).
According to the Town, units 3 and 12 are still available for purchase, and these are two-bedroom homes listed for $850,000. If after one year from the Effective Date (date restriction is executed), units 3 and 12 remain unsold, the developer must rent the units to a Qualified Household.
