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Washoe County'funded 'lease-to-locals' pilot housed 28 locals; conversion rate lower than expected, panelists say
Summary
Placemate and county presenters told the CAB the ARPA-funded lease-to-locals pilot attracted 127 property-owner inquiries but only 15 properties enrolled, housing 28 local workers; panelists blamed compressed federal reporting deadlines and small-unit stock for the low conversion rate.
Chase Gendron, director of operations at Placemate, summarized the Incline Village launch of the "lease-to-locals" pilot funded with remaining Washoe County ARPA dollars and said the program's outcomes were mixed but instructive.
Program mechanics: Placemate offers a one-time cash incentive split into two payments (half at lease start, half after the 12-month lease period) to motivate property owners to convert STRs or vacant units to long-term rentals for local workers. Because federal reporting required program activity to…
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