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Placer County extends Lease to Locals program funding and contracts to keep long‑term rentals available for local workers
Summary
The board approved an additional $500,000 in transient‑occupancy‑tax funding for the Lease to Locals program and a marketing/implementation contract with Placemate, Inc. to sustain the program’s pipeline of property owners converting units to long‑term rental for local workers.
Placer County supervisors on June 24 approved $500,000 in transient‑occupancy‑tax funds and an agreement with Placemate Inc. (not to exceed $95,000) to continue marketing and implementation of the East Placer Lease to Locals program. The board’s action, adopted 5–0, also amended program guidelines to clarify goals and limit participation for properties already subject to certain deed restrictions.
Program purpose: Lease to Locals provides one‑time cash incentives to property owners who convert existing units — previously used for short‑term rentals — into long or seasonal…
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