Convert your property to a long-term rental and earn up to $18,000

Introducing an innovative new partnership and grant program, funded by the Town of Truckee, in partnership with Landing Locals, which offers qualifying Truckee property owners up to $18,000 when they rent their homes long-term to local employees.

How it Works

1

Truckee property owners who convert their properties and rooms can earn up to a $18,000 grant from the Town of Truckee

2

To qualify a homeowner must sign a lease with a qualifying tenant whose household averages no more than 150% of the area median income.

3

Incentives are paid by the Town of Truckee in two installments — half up front and half at the end of the lease.

Incentive Amounts (effective July 1, 2022)

Lease Length 1 Qualifying
Tenant*
2 Qualifying
Tenants
3 Qualifying
Tenants
4 Qualifying
Tenants
Seasonal (5-11 months)
$2,000
$4,000
$6,000
$8,000
Long term (12+ month)
$4,500
$9,000
$13,500
$18,000

*A qualifying tenant is defined as an adult working locally, earning less than 150% AMI (see FAQs for specifics). One child or children count as an additional qualifying tenant.

Frequently Asked Questions

Any residential property in Truckee that is currently sitting empty or rented short-term qualifies. If you are already renting your property long-term (even on a month-to-month lease), or have rented it long-term in the past 12 months, the property would not qualify for the grant.

At least 50% of the adults over 18 in the household must work at least 20 hours per week (averaged throughout the year), for an employer located in the geographic boundaries of the Truckee Tahoe Unified School District (TTUSD).

A tenant’s gross annual Income can not exceed 150% of the area median income ($103,350). For households you can take the average of your gross income, which cannot exceed $103,350 per person per year. One qualifying child or multiple children count towards one additional household member.  To meet the qualifying child test, your child must be younger than you and either younger than 19 years old or be a “student” younger than 24 years old as of the end of the calendar year. There’s no age limit if your child is permanently and totally disabled.

Examples:  

2 locally employed unrelated adults making $60k/each = Qualified

1 locally employed adult with 1 qualifying child making $120k/year = Qualified 

1 locally employed adult making $150k/year = Not qualified

The Town of Truckee has a goal of funding innovative programs that unlock existing housing stock for local employees. This program is funded by taxpayer dollars through the General Fund.

The grant is dispersed to homeowners in two installments — the first payment is dispersed upon lease signing, and the second payment is dispersed at the when the lease has ended. Payments are made by the Town of Truckee and are usually sent within 30 days of the start and end of the lease.

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.
Search
0 Adults
0 Children
Pets
Size
Price
Amenities
Facilities

Compare listings

Compare