Victor, Idaho – LEAP Housing and Sustainable Trades + Housing Partners are partnering to create an 8-home affordable housing community in the Teton region, the first in recent years. The selection process for homeowners will begin immediately, with interested parties encouraged to apply through LEAP Housing’s website. Applicants must meet income qualification criteria to ensure the homes go to those who will benefit most from this opportunity.
The homes will be built by the homeowners themselves through USDA’s Mutual Self Help Program. Self Help brings below-market rate interest loans to home buyers and credits them with the sweat equity contributed directly to the project. Teton Region native Lindsey Love leads Sustainable Trades + Housing Partners and will direct and train each homeowner on building the homes.
“The development is a beacon of hope for many in the community who have struggled with housing affordability. These homes will not only provide housing stability in our community but will also empower residents by involving them directly in the construction process,” said Love. “By building their own homes, future homeowners will gain valuable skills and a sense of ownership and pride in their community.”
Only income-qualified homebuyers at or below 80% of the area median income (AMI) are eligible for this program. For example, a household of 4 who makes $68,300 or less would qualify for the homeownership opportunity.
Key Features of the Program:
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Affordable Housing: Specifically designed for income-qualified residents, ensuring that those most in need have access to affordable, quality homes.
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Group-Built Homes: Future homeowners will actively participate in the construction of their homes through a Mutual Self-Help program, fostering a strong sense of community and self-reliance.
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Sustainable Construction Certification: Homeowners and community members can gain a credential for learning best practices in home construction. Topics will include building science, material health and indoor air quality, working with natural, and local materials, embodied and operational carbon, and high performing systems.
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Straw Bale Construction: An environmentally friendly building method that provides excellent insulation, reducing energy costs and environmental impact.
LEAP Housing will be overseeing the development, bringing their expertise and commitment to affordable housing solutions to ensure the project’s success. Their role includes providing guidance and support throughout the construction process, ensuring that the homes are built to high standards while maintaining affordability.
“This project is a significant step forward for Victor and the Teton Region,” said Bart Cochran, CEO of LEAP Housing. “We are committed to providing affordable housing solutions that are both sustainable and community-driven. These homes represent our dedication to innovative, eco-friendly building practices and the empowerment of residents throughout the state of Idaho. This development is made possible through collaborative efforts. It serves as a model for other communities looking to address the affordable housing crisis with innovative and sustainable solutions. Through partnerships, endurance, and unused funding pools, it is possible to create affordable housing in resort and rural communities throughout Idaho.”
For more information on the project, application details, or to learn how you can get involved, please visit www.leaphousing.com/teton-homes or contact LEAP Housing at [email protected]. E5P
About LEAP Housing:
LEAP Housing is an Idaho-based nonprofit who believes all people deserve an opportunity to access a safe, stable and affordable home. LEAP’s mission is to develop and preserve affordable housing while providing empowering services that lead to greater housing stability. Committed to creating sustainable, affordable housing solutions for communities in need, LEAP Housing utilizes innovative building practices and fosters community involvement to address housing shortages and improve the quality of life for residents across Idaho.
