Workforce Housing Preservation Program

SereneLakesFallMorning-004The Workforce Housing Preservation Program is designed to secure our existing housing inventory for the local workforce. The program pays homebuyers and new housing developers in exchange for deed restricting their home so that it can only be occupied by local workers. The funding can help homebuyers with down payments or complete renovations.

The Placer County Board of Supervisors approved this program on February 16, 2021 with a goal of acquiring 50 deed restricted homes throughout the County each year to create a marketplace of housing reserved for the local workforce. The deed restriction runs with the land for 55 years and auto-renews with each sale or transaction of the property. 

Additional financing assistance may potentially be used in conjunction with the Workforce Housing Preservation Program. Financing assistance may be available through the Homebuyers Loan Program, WISH and IDEA First-Time Homebuyer Programs, and the First Time Homebuyer Assistance Program

Eligibility Requirements for the Program

  1. East Placer Program(click to learn more)
  2. Countywide Program (click to learn more)

Homebuyer eligibility:

    • Gross annual household income doesn’t exceed the Tahoe Basin Regional Planning Agency Achievable Income limit of 245% of the area median income for Placer County for single-family (detached) dwellings or 220% for multifamily (attached) dwellings at the time of purchase or rental
    • Must have at least one household member who is currently employed 30 or more hours per week at an employment site within the Tahoe Truckee Unified School District geographical boundary
    • Must have at least one household member whose work site is less than or equal to 20 driving miles from the property (a 20% variance may be granted by the Program Administrator)
    • Must not have owned a home in the last 12 months and must not have participated in this program for the last three years
    • May rent their property on a short-term basis for no more than 30 days each calendar year
    • May rent their property to a qualified occupant who meets local employment and income criteria

Workforce housing preservation program Income Limits 2021_2

How to Apply for the Workforce Housing Preservation Program

View the Workforce Housing Preservation Program Quick Application Guide here

The application for the Workforce Housing Preservation Program can be filled out online, using the link below. If you would prefer to fill out an application in person, you may do so at the Community Development Resource Agency office in Tahoe City or Auburn.

WHPP guide short sneak peak

Employer Assistance for Employees

Employers may pay into the Workforce Housing Preservation Program in order to guarantee that necessary funds are available for qualified employees looking to purchase a home. To learn more, visit the Employee Assistance for Employees page here.

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Questions?

Contact Emily Setzer at esetzer@placer.ca.gov or the Community Development Resource Agency office in Tahoe City or Auburn.