Your Voice Matters: Show Up to Support a First-of-Its-Kind Housing Trust for Tahoe

Join us Tuesday, November 18^th at the North Tahoe Events Center as the Placer County Board of Supervisors considers seed funding to launch Housing Trust Tahoe – a new regional tool that will preserve existing homes for local workers and families through NOAH (Naturally Occurring Affordable Housing) acquisition.

Preserving the Housing We Already Have

The Tahoe Housing Hub is expanding its scope to create immediate, tangible housing solutions for our region. Through our new affiliate charitable non-profit, Housing Trust Tahoe, we can acquire, preserve and finance housing. The Trust is poised to immediately receive land and housing units either in the form of donations or through purchase.

Our primary focus will be NOAH acquisition – existing single-family homes, small multi-family units, cottages and all other types of housing in our region that are already built, might need some upkeep, and can be deed restricted and preserved as affordable and/or workforce housing now and for generations to come.

Why This Matters

The 2023 Housing Needs Assessment identified an 8,200 -unit shortage in the Tahoe-Truckee. Limited developable land and the high cost of construction make new housing difficult – but with only 34% of the homes in our region occupied year-round, there is a tremendous opportunity to preserve what we already have.

NOAH preservation keeps existing homes in local hands, maintains community stability, and delivers housing faster and more cost-effectively than new construction.

True to our core beliefs, all units owned and managed by the Trust will be maintained as dignified, safe and affordable housing in our region. Updating and improving existing housing serves to uplift the surrounding neighborhood. Every unit will be deed restricted in perpetuity and provide housing to local workers at variable income levels.

What This Funding Will Enable

County support will allow Housing Trust Tahoe to:

1. Evaluate properties for preservation through feasibility analysis, appraisals, title review, and long-term financial planning.
2. Engage property owners donate land and/or housing.
3. Develop public-private partnerships with employers, landowners and philanthropic partners to unlock additional housing opportunities.

Be Part of the Solution

To learn more and hear the full presentation to the Placer Board of Supervisors, you can attend in person or listen via Zoom. You can find the agenda and meeting link here. The meeting starts at 9am at the North Tahoe Event Center, 8318 North Lake Blvd in Kings Beach. If you would like to submit public comments you must either do that in person or in writing. Written comments can be submitted 24 hours prior to the meeting by utilizing this link: https://www.placer.ca.gov/FormCenter/Clerk-of-the-Board-29/Public-Comment-Submission-157 or by emailing the Clerk of the Board at BoardClerk@placer.ca.gov. If you are submitting written comment, please be sure to reference Agenda Item 7B: Housing Trust for Eastern Placer County.