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Teton Habitat

Qualify to Apply
For a Habitat Home

Interested applicants must first confirm first if their household income, based on household size, are between 30% and 80% of MFI.

To be eligible for a Habitat home, your household income must fall between 30% and 80% of the MFI, based on the number of people in your household and the income earners over 18 years of age. See the chart below.

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The Median Family Income (MFI) Chart is calculated annually by the Federal Department for Housing and Urban Development (HUD) based on income data for Teton County, Wyoming. This income ranges provided are percentages of this MFI.

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What is Household Size?
What is Household Income?

Household Size

The household size is you plus everyone of all ages living with them. Household pets do not count.

Household Income

Household income includes you income plus all income earners living with them who are over 18 years of age.

What is MFI?
What is an Asset?

MFI

The Median Family Income (MFI) is calculated annually by the Federal Department for Housing and Urban Development (HUD) based on income data for Teton County, Wyoming. The income ranges provided are percentages of this MFI. To be eligible for a Habitat home, your household income must fall between 30% and 80% of the MFI, based on the number of people in your household and the income earners over 18 years of age.

Asset

An asset is an item of value that you own which can be converted into cash. Examples include savings accounts, cars, homes, life insurance policies, investments, and jewelry, For the purposes of Habitat home eligibility, retirement or education accounts are not considered assets.

Do you qualify to apply for a
Habitat Home?

Find Out Today

Step 1 - Determine
Your Household Size

This will determine which household size row to look at when using the MFI Chart.

Family
Managing Home Finances

Step 2 - Calculate Your Household Income

This will determine if your total household income falls between the 30% and 80% limits of your appropriate household size. If met, continue to

Step 3. If not met, you do not qualify to apply for a Habitat home.

Step 3 - Calculate Your
Household Assets

Your household assets must not exceed your appropriate asset limit, which depends where you land in the 30% and 80% income limit range of your appropriate household size. If met, you qualify to apply for a Habitat Home. If not met, you do not qualify to apply for a Habitat home.

Accountant

Example 1:

A married couple with two chidlren under 18. Both parents are income earners with a combined income of $73,570. To determine eligibility for a Habitat home, they would:

1. Income Verification: Look at the 4-Person Household row in the MFI chart to see if their income falls between 30% and 80% of the MFI.

2. Asset Verification: Ensure their assets do not exceed the limits specified in the Asset Limit column.

If both conditions are met, the family is eligible to apply for a Habitat home.

Example 2:

A single father with two children (a 22-year-old daughter and a 14-year-old son). The father and daughter earn a combined income of $97,230. To determine eligibility for a Habitat home, they would:

1. Income Verification: Look at the 3-Person Household row in the MFI chart to see if their income falls between 30% and 80% of the MFI.

Based on their combined income, they do not qualify to apply for a Habitat home, regardless of their assets. 

If your household income is outside of the guidelines, we encourage you to check out other affordable and workforce housing agencies in Teton County:

Qualify to Apply?

If you do qualify to apply, click down below to view the Homeowner Application Process.

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