Interested in purchasing a home in victor, idaho? click here!

Be one of the first homeowners in Idaho’s newest Land Trust Community. LEAP Housing is partnering with Sustainable Trades + Housing Partners along with potential homeowners to build 8 townhomes through the USDA Self-Help Program in the Teton Valley.

BUyers are the builders

Nobody moves in until everyone moves in! Each homebuyer must contribute at least 32 hours of weekly manual labor towards the construction of the new homes. Each buyer works on their home and their fellow homebuyers’ homes, which creates home affordability in ways Idaho has rarely seen. Each buyer’s efforts are credited toward their purchase in the form of sweat equity.

Please note: photos are for illustration purposes only.

The LEAP Housing Trust

LEAP holds the land under the homes in trust, removing the cost of land from the sale price of the home. Keeping homes in the trust also allows LEAP to ensure that they will remain affordable for buyer after buyer through special deed restrictions, while allowing homeowners the stability and wealth building of homeownership.

Interested in purchasing a home?

Buying a brand new home in today's market may feel out of reach, but LEAP is making a way for income-qualified buyers! The homes will be placed in the LEAP Housing Trust, which removes the cost of land from the purchase price. Buyers are credited for the labor they put into building their homes, and the USDA 502 Direct Loan program provides below-market interest rates to qualified buyers. All buyers must be at or below 80% area median income. Potential buyers must complete income-qualification and be willing to provide necessary information and documentation.

Those interested in buying homes in Victor must be below the low-income limit for the Teton region based on household size. Check the chart below to see if you qualify. Even if you are above the income limits below, you may still qualify based on special circumstances and should still fill out the form below.

“Low-Income” is typically defined as 80% or less than Area Median Income. For the Teton Valley, this means households between 1-4 people make less than $68,300 annually, and households between 5-8 people make less than $90,200 annually. For the purposes of this program, the income limits are a bit nuanced, so households who do not exactly meet those criteria are still encouraged to apply.

If you think you may qualify, fill out the form below. A LEAP representative may reach out to you to set up a meeting to determine eligibility.

Victor HOMES Eligibility form

*Please note that filling out the form and becoming income qualified

does not guarantee you the opportunity to purchase a LEAP home.