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What is Deed Restricted Workforce/Affordable Housing?

April 26, 2017affordable deed HOUSING workforce

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What is Deed Restricted Workforce/Affordable Housing?

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A deed restriction is a legal document filed in the County’s official property records, placing restrictions on the use or sale of a property. A common deed restriction used in Teton County sets limitations on appreciation of affordable/workforce housing for the purpose of keeping the housing affordable in future sales.