Moonshine Ink Takes a Close Look at Short Term Rentals

Moonshine Ink covered the complicated topic of short term rentals in its April 2018 issue, looking at how short term rentals play into the larger housing picture for the Truckee North Lake Tahoe Region.

Photo by Jeremy Jensen/Moonshine Ink

Quoting Mountain Housing Council staff and Council members, the article takes a look at the types of people who rent homes or rooms out as short term rentals, how it potentially affects availability of long-term rentals, as well as some of the potential policies and actions used elsewhere and considered here.

Click here to read the full story, and don’t miss the Mountain Housing Council’s Annual Housing Update on April 28, which will include a discussion panel on short term rentals.

Share Your Idea: Mountain Housing Solutions Pitch

Are you passionate about housing? Do you have a creative solution that you think could make a difference in the lives of the people who live here? Do you know what you need to make it a reality?

On April 28th, we want to hear your ideas. Join the Mountain Housing Council of Tahoe Truckee (MHC) at its Annual Housing Update and pitch your solution to neighbors, friends, and regional leaders. A solution that generates enough interest to form a community cohort will be selected to receive MHC support as you explore your concept with your team.

Creative and innovative ideas arise when community members participate in active problem-solving. The MHC wants to provide meeting spaces, in-kind resources, and consulting to help a cohort of community members explore the viability of a promising potential solution.

The solution should naturally spur engagement from many community members who are excited to commit their time and creativity towards making a housing solution come to life. You’ll have 2 minutes for your pitch at the end of the April 28th event. Stay afterwards and see who is interested in realizing your vision. Pitches will be recorded and posted online to see how the community responds. The winning solution will be chosen and the person who pitched it will be notified within four weeks.

What: Mountain Housing Council of Tahoe Truckee Annual Housing Update
When: April 28, 9 a.m. to 12 p.m.
Where: North Tahoe Event Center, 8318 North Lake Blvd, Kings Beach, CA 96143

Click here to RSVP for the meeting

Employer Solutions for Employee Housing

Businesses throughout the North Lake Tahoe-Truckee Region are struggling with attracting and retaining employees because of the housing crisis in the area.

The Mountain Housing Council of Tahoe Truckee, a collaboration of 28 regional stakeholders, powered by the Tahoe Truckee Community Foundation, is inspired by the creativity and problem solving displayed by many local employers stepping up to find housing for their employees. Below are the top five things employers can do to help with housing.

Master lease
Business owners and employers have begun implementing master lease programs. Establishing relationships with either individual property owners, or a property management business, those employers lease properties and then sub-lease to their employees. By taking on fiscal responsibility and guaranteeing that the homes will be well maintained, employers can secure housing that may not have otherwise been part of the long-term rental market.
This solution requires dedicated staff time, community minded property owners, a contract and regular communication between all parties.
Two examples of this are Squaw Valley/Alpine Meadows and Tahoe Donner:

Mortgage Assistance
Businesses with employees interested in purchasing a home can act as a silent second on a mortgage for employees that otherwise don’t have the financial wherewithal needed.
Katie Rice with Guild Mortgage has been a resource for the Mountain Housing Council on this subject, and can be contacted here.

Leveraging Existing Reserve Funds for Loans
Some businesses are leveraging their reserve funds to offer loans to employees or helping with the first and last month rent and deposits often required in rental agreements. Often, the return on investment is higher from the loan than a typical reserve fund investment, creating a win-win situation.
Donald Terry, Director of Real Estate Development for NeighborWorks, presented on this to the Mountain Housing Council. See his presentation here.

Build or Buy
Employers with the capital are building or buying housing for their employees. Quality Automotive and Smog is adding housing to their new planned location, Andrew Laughlin of Tahoe City Kayaks bought an apartment building and Dave Wilderotter of Tahoe Dave’s bought property in Truckee and Sugar Bowl purchased a lodge for employee housing.

Make connections
Many established business owners and managers in the region have developed relationships that can be used to find housing. Simply connecting a friend that has a rental unit, mother-in-law unit or room for rent with an employee can go a long way.

Have you created your own employee housing solutions? The Mountain Housing Council would like to hear about it. Contact us with your story or with any questions about potential housing solutions, or join us on April 28 at our Annual Housing Update for the solutions pitch.