Sheridan, Wyoming, is actively addressing its affordable housing shortage with multiple developments and initiatives aimed at providing quality and affordable homes for residents.
Rising housing costs impacting many local families, recent projects and community efforts focus on increasing affordable housing stock while fostering sustainable growth. This update covers key affordable housing developments and initiatives underway in Sheridan for 2025.
Weston Village: A Community Land Trust Project
One of the most significant developments is the Weston Village subdivision, an initiative by the Sheridan County Housing Land Trust in partnership with Habitat for Humanity and local developers. This community land trust project ensures homes remain permanently affordable by separating land ownership from home ownership.
Weston Village offers 3-bedroom, 2-bath homes priced around $230,000 to $240,000, designed to be affordable for families earning at or below 120% of the area median income. The first three homes are expected to be completed in summer 2025, with more units planned to support continued community growth. Located conveniently near trails and the North Main corridor, Weston Village aims to provide accessible, sustainable housing options to working residents.
Downer Addition Affordable Housing Initiative
Another notable development is the affordable housing project in Sheridan’s Downer Addition area, spearheaded by local developer Tanner Greig. Currently, four homes are nearing completion, with eight more planned for construction. These 3- and 4-bedroom houses are expected to sell for around $300,000, offering reasonably priced options in a well-located neighborhood.
This project serves as a pilot for a potentially larger subdivision envisioned to meet Sheridan’s growing need for affordable family homes. By focusing on wider lots and more traditional housing designs, the developer hopes to attract and retain local residents who might otherwise be priced out of the area.
Multi-Family Housing: Peak Apartments
For those seeking affordable rental options, Peak Apartments stand out as Sheridan’s premier income-based multi-family housing community. This “green” development comprises 48 spacious units featuring modern amenities such as in-unit washers and dryers, air conditioning, and energy-efficient design. Rent pricing is structured around income eligibility, making it an accessible option for low- to moderate-income households.
These apartments also offer community features like playgrounds, picnic areas, and basketball courts, enhancing quality of life for residents and supporting family-friendly living environments.
Community Support and Funding
The Wyoming Community Development Authority (WCDA) continues to play a key role by allocating federal HOME funds and tax credits to support affordable housing projects throughout Sheridan and Wyoming at large. This funding underpins many local initiatives by providing gap financing and ensuring developments meet affordability and sustainability goals.
Additionally, the City of Sheridan’s planning division actively coordinates long-term planning aimed at balancing housing growth with infrastructure and economic development needs for affordable housing options.
Sheridan is making tangible progress toward easing its affordable housing shortage through well-planned developments and community-driven programs. Projects like Weston Village, the Downer Addition homes, and income-based apartments at Peak collectively offer diverse options for affordable living.
Continued support from public and private sectors will be essential to sustaining these efforts and ensuring Sheridan remains a place where residents can find secure and affordable housing.
Sources
(https://www.sheridanhabitat.org/housing-land-trust)
(http://www.sheridanhlt.org)
(https://sheridanwyoming.com/2025/06/04/sheridan-hs-grad-working-on-affordable-housing-development-project-in-downer-addition-area/)
(https://sheridanmedia.com/news/197436/sheridan-hs-grad-working-on-affordable-housing-development-project-in-downer-addition-area/)
(https://www.apartments.com/peak-apartments-income-based-sheridan-wy/q7mzxsy/)
