Flat Creek Apartments at 400 West Snow King Avenue

400 SK rendering

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, or less than $66,420 for a family of three. 

This is the first development to receive Low-Income Housing Tax Credits (LIHTC) since 2003. Total allocations awarded:

  • LIHTC: $12,940,099
  • HOME: $1,455,000
  • NHTF: $860,000

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 applied for CDBG funding for the project, but was unsuccessful in 2022 and will re-apply for 2023 allocations. 

Anticipated Groundbreaking: TBD. Either late Fall 2022 or Spring 2023. 

Total Units: 48 rental units

Affordability: Affordable Rental <60% median income

Public Investment Per Unit: $125,000/unit