• Provides financial support to local homebuyers
• Grant details:
  • 16% of the home’s purchase price
  • Maximum grant amount: $150,000
  • Home must be deed-restricted
  • Restricted to local worker occupancy
  • Duration of restriction: 55 years

Recent Updates

Workforce Housing Preservation Program Expands Eligibility

Placer County recently updated the Workforce Housing Preservation Program (WHPP) to expand eligibility and create additional opportunities to preserve workforce housing in North Lake Tahoe.

The updated guidelines expand eligibility to include local businesses operating within the Tahoe-Truckee Unified School District boundary, as well as businesses whose principal coverage area falls within the district. The program also now allows eligible multifamily properties with more than four units to participate, expanding beyond the previous limit of one to four units.

Since its inception, WHPP has secured 17 deed-restricted properties with a total investment of $1.85 million, including two condominiums, two duplexes and 14 single-family homes. Over the past year, the program added three additional deed restrictions, representing $329,600 in funding.

As of the county’s 2024 annual monitoring cycle, all 17 participating properties remained owner-occupied and in compliance with program requirements. The program has received a total allocation of $4.1 million, with approximately $2.25 million remaining to support future workforce housing opportunities.

WHPP continues to accept applications as the county works to preserve existing housing opportunities for local workers.