Own a vacation home in North Lake Tahoe?

You could earn up to $24,000 by converting your property into a new long-term rental for local employees.

What is Lease to Locals?

Placer County has launched and funded an incentive program, called Lease to Locals, to unlock new rental housing opportunities for the local workforce. The program provides property owners generous cash incentives to convert their properties into seasonal and long-term rentals. The pilot program launched on August 1, 2022 and is funded through July 31, 2023.

How the Program Works

1

Verify property qualifies

The property must be located in East Placer County and must not already be a long-term rental. This is defined as having had full-time tenants in the past 12 months, even if they were on a month-to-month lease.

2

Find qualifying tenants

All tenants must complete an employment verification form and work at least 20 hours per week for an employer based in the region. The max rent that can be charged is $3,500/month and the property can not be rented to immediate family members.
3

Sign a Lease

Property Owners must sign either a seasonal (5+ months) or long-term (12+ months) lease with a qualifying tenant. See below for the grant amounts for property owners.

4

Complete full application

Landing Locals will provide property owners a full application which needs to be completed before the incentive can be dispersed. The funds will be paid in two equal installments — one at the beginning of the lease, and one at the end of the lease (within 60 days of each).

5

Compliance

The applicant must comply with midway and final lease checks to ensure they are in compliance. If they are found out of compliance, they may be disqualified from receiving additional incentive payments.

Incentive Amounts For Homeowners

1 Qualifying Tenant 2 Qualifying Tenants 3 Qualifying Tenants 4 Qualifying Tenants
Seasonal (5+ months)
$2,500.00
$5,000.00
$7,500.00
$10,000.00
Long Term (12+ months)
$6,000.00
$12,000.00
$18,000.00
$24,000.00

Frequently Asked Questions

Location: The Housing Unit must be located within East Placer Transit Occupancy Tax District.
Type: A whole home or room(s) in a home can be rented, but there is a maximum of one grant per property.
Status: The Housing Unit must be a legally permitted dwelling unit and each bedroom in the property must have a door and window.
New Rental: The Housing Unit must have not already been leased as an existing long-term rental (unless through this Program) in the past 18 months.
Eligible Properties: The Housing Unit must be single-family homes, townhomes, privately-owned condos, or vacant rooms in owner-occupied properties. Multi-family rental properties, hotels, and motels are not eligible for the program.
Ownership: The Property Owner must hold fee title to the Housing Unit.
Property Condition: The Housing Unit must meet basic health and safety criteria per California Health and Safety Code, Division 13, Housing Part 1.5, Chapter 2

We sure can! Fill out the intake form below and one of our representatives will provide you more details on the tenant matching service we’re providing property owners.

A Qualified Tenant is an adult employed at least 20 hours per week at an employment site within the Tahoe-Truckee Unified School District geographical boundary, who is not of blood relation to the Property Owner. Dependent children will count as one (1) additional Qualified Tenant, regardless of the number of children present.

Rental rates are set by the property owner or property manager and there are no rent requirements for the program, however the rent can not exceed $3,500/month.

First create a renter profile with Landing Locals. Once we have that information on file we can send you prospective properties that fit your criteria.

Incentive payments are considered taxable income and property owners are required to completed an application and w9. Once the application is submitted to the County are processed within 60 days.

Tell us more about your property, and we'll get in touch

Please only fill out this form if you are a property owner. If you are a tenant seeking housing, please visit our Renter Page.

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