Housing Solutions Fund
The Housing Solutions Fund of the Tahoe Truckee Community Foundation has deployed more than $2 million in gap financing for housing projects (Truckee Artist Lofts) and seed funding for housing programs (Landing Locals).
The community and our economy are unstable because of housing insecurity. Please help us grow these funds so we can help leverage more dollars and accelerate housing solutions for our region. Your donation to the Housing Solutions Fund will support ongoing impact investments that are aligned with the goals of TTCF’s program, the Mountain Housing Council (MHC). Our region knows the issues, sees the opportunities and has capacity and some resources to drive real change. The Housing Solutions Fund will ensure that financial resources are one less barrier.
Since 2017, the Mountain Housing Council has been working to solve our housing crisis. Even after making impressive progress in facilitating more workforce housing, launching new programs and securing additional funding, the dynamics during the COVID-19 pandemic exacerbated the issue.
We are at risk of our losing our local workforce, our economy is in jeopardy.
- From March 2020-2021, real estate sales increased by 45%
- Median home prices increased 60-90%, depending on the neighborhood, from March 2020-2021
- 333 Families were seeking rental assistance in March 2021
- 146 Unique guests had visited the North Tahoe-Truckee Homeless Services Day Center from July 2020-March 2021
See more statistics in our Safety Net Update.
What is the MHC doing to address this?
- Released an updated Workforce Housing Needs Assessment and will continue to do surveys annually to track progress and adjust strategies as needed
- Late June, emergency meeting with additional community partners to brainstorm solutions and formulate a plan to put solutions into action
- Developed a Housing Tracker with monthly metrics to show progress on development projects
- The Town of Truckee & Placer County both developed Accessory Dwelling Unit Programs to increase housing inventory
- The Town of Truckee launched a Long Term Rental Grant Program, in partnership with Landing Locals, to incentivize homeowners to switch from short-term to long-term rentals exclusively for local workforce
- Placer County created a Workforce Preservation Program that pays homebuyers and new housing developers in exchange for deed restricting their home so that it can only be occupied by local workers
- Placer County created an Accessory Dwelling Unit Program
- Projects in the Works
- Lunch ‘N’ Learn Speaker Series to educate community members on projects
How Can I Get Involved?
Attend a Community Meeting:
The MHC will host two community meetings this year to discuss data on our regional housing needs and a new regional housing implementation plan drafted by Economic Planning Systems (EPS) in partnership with Sierra Business Council (SBC) and Design Workshop. The goal of the Workforce Housing Needs Assessment Update was to identify how housing needs in our region have changed in the past several years to best address the region’s current housing needs and the immediate impacts of COVID-19, as well as push efforts to develop innovative strategies to solve the region’s unique housing needs during this acute housing crisis.
- August 25th from 4-6 pm
- September 30th from 4-6 pm