440 W Kelly
2023
Jackson, WY
Role
Development, Building Design, Interior Design, Branding & Identity
Scope
Public-private partnership: New construction, Multifamily deed restricted units
Partners
Development Partner: J. Roller Development
Partner: In Partnership with the Town of Jackson & the Jackson/Teton County Affordable Housing Department
Architect: Farmer Payne
Contractor: Shaw Construction
A considered approach to workforce homes in the heart of Jackson, WY. 440 Kelly will offer 12 deed-restricted units, outfitted with white oak floors, spacious layouts, oversized picture windows, and roof decks with unobstructed views toward the surrounding mountains.
Both the exterior and interiors of the property provide intentional, functional, and appealing environments that lean on the firm’s pillars of designing spaces for human connection and cultural growth. This development is intended to fill the gap left between affordable housing and market-rate housing in the area, but also redefine how informed perspective and considered design can enhance the living standards of similar communities.
440 West Kelly is one of the results of a multi-faceted effort from Teton County to provide housing for many of its residents – particularly those who support the town’s local tourism economy – who cannot afford to live in the area where the current median home price is $2.2 million and the mean price is $3.825 million.
Existing affordable housing programs are means tested and availability is limited to those families earning 120% of mean family income in the region. The County’s relatively new workforce-housing program is intended to occupy the gap between affordable and market-rate options. Professionals who cannot qualify for the affordable program can purchase one of these units for well below market rate. In addition, these homes are all deed restricted to cap annual appreciation, leading to increased affordability within the secondary market for years to come.