Housing Solution for Tourist Towns

What is happening? North Lake Tahoe is offering property owners up to $24,000 to rent to locals to help house seasonal workers.

Why is this important? A Tahoe Prosperity Center survey showed that 73% of locals agree the lack of housing for the local workforce is the greatest threat to the quality of life in North Tahoe.

How will this be important? 65% of the houses at North Tahoe are second homes that sit empty for the majority of the year. Under the “lease to Locals” program, ” Homeowners earn $2,500 per tenant for a lease that’s at least five months long, and $6,000 per tenant for long-term leases of 12 months or more. The highest $24,000 grants are reserved for homeowners who house four employees with a 12-month lease. “

SF Gate | ‘Desperate’ to unlock housing, Tahoe program pays $24,000 to homeowners who rent to locals