A new program in the Tahoe Basin addresses the shortage of housing for local workers by incentivizing homeowners to turn vacant properties into long-term rentals. The Placemate Lease to Locals initiative offers cash incentives to homeowners who lease their properties to eligible local workers. The program provides $2,000 for a 5-11 month lease and $4,500 for a lease of 12 months or longer. This is particularly relevant as around 50% of homes in the region sit vacant, highlighting the need for accessible local housing.
The Placemate Lease to Locals program aims to convert vacant homes into long-term rentals for local workers by providing cash incentives to homeowners.
Chase Janvrin highlighted that the program resonates with communities experiencing high levels of vacant second homes and Airbnbs.
The initiative offers $2,000 for 5-11 month leases and $4,500 for leases over 12 months, targeting local workforce housing solutions.
Census data reveals that about 50% of houses in the Truckee-Tahoe region remain vacant, underscoring the need for local housing initiatives.
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