a. Any application for annexation or rezone, which would result, by the annexation and requested zoning, in an increase in the number of allowed residential units, as determined by the Planning and Zoning Administrator, shall commit to providing either:

i.  A  Workforce Housing deed-restriction, restricting sale and occupancy to Qualified Local Households, on 50% of the additional residential lots or units developed above the pre-annexation density maximum; or

ii.  An Affordable Housing deed-restriction, restricting sales and occupancy to households earning less than 150% of Area Median Income, on 25% of the additional residential lots or units developed above the pre-annexation density maximum; or

iii.  A donation to the Teton County Joint Housing Authority (TCJHA) of funds, land or other resource of equal value as determined by and acceptable to the TCJHA.

Qualified Local Household is proposed to be defined as a household having at least one adult occupant who is either employed or has a verified job offer within Teton County, Idaho for at least 30 hours per week (or 1,560 hours per year) or has resided in Teton County, Idaho for at least one year prior and is either over the age of 65 or has a disability recognized by the federal government. This definition is subject to approval by the Teton County Joint Housing Authority.

The exaction and bonus levels are proposed based on previous developer negotiations and on successful programs in other communities that have not halted development but instead created a public-private partnership to help meet the community's housing needs.

a. Maximum Residential Densities Established: No zone change or subdivision application shall be approved for residential densities above those assigned for the following future land use categories as depicted on the adopted Future Land Use Map, except by approval of a residential density bonus:

i.      Low Density Residential: 1 unit per acre

ii.      Single and Two-Family Residential: 3.5 units per acre

iii.      Medium Density Residential: 7 units per acre

iv.      High Density Residential: 12 units per acre

b. Density Bonus. The City may authorize an increased residential density in the approval of any zone change or subdivision application, up to the maximum development density possible under the zoning district’s dimensional standards, where the applicant commits to provide either:

i.      A  Workforce Housing deed-restriction, restricting sale and occupancy to Qualified Local Households, on 50% of the bonus density units; or

ii.      An Affordable Housing deed-restriction, restricting sales and occupancy to households earning less than 150% of Area Median Income, on 25% of the density bonus units; or

iii.      A donation to the Teton County Joint Housing Authority (TCJHA) of funds, land or other resource of equal value as determined by and acceptable to the TCJHA.

The bonus levels are proposed based on previous developer negotiations and on successful programs in other communities that have not halted development, but instead created a public-private partnership to help meet the community's housing needs.

Up to two (2) Accessory Dwelling Units (ADUs) are allowed on a lot if at least one ADU on the lot is restricted for occupancy by a Qualified Local Household and provided that the lot contains no more than one Backyard Cottage.

a. Definition [from Idaho statute]: "Short-term rental" or "vacation rental" means any individually or collectively owned single-family house or dwelling unit or any unit or group of units in a condominium, cooperative or timeshare, or owner-occupied residential home that is offered for a fee and for thirty (30) days or less.

b. No more than one (1) active short-term rental will be permitted or allowed on any single-family lot or in any apartment building.