Workforce Housing Preservation Program

Program launching Spring 2021

The Workforce Housing Preservation Program is designed to secure our existing housing inventory for the local workforce. The program pays homebuyers and new housing developers in exchange for deed restricting their home so that it can only be occupied by local workers. The funding can help homebuyers with down payments or complete renovations.

The Placer County Board of Supervisors approved this program on February 16, 2021 with a goal of acquiring 50 deed restricted homes throughout the County each year to create a marketplace of housing reserved for the local workforce. The deed restriction runs with the land for 55 years and auto-renews with each sale or transaction of the property. 

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See the eligibility requirements for the two programs below:

  1. Countywide Program (click to learn more)
  2. East Placer Program (click to learn more)

Homebuyer eligibility:

  • Gross annual household income must be equal to or less than 120% of Placer County’s median income, adjusted for household size as set forth by the California Department of Housing and Community Development at the time of purchase
  • Must have at least one household member who is currently employed 30 or more hours per week at an employment site in Placer County
  • Must have at least one household member whose work site is less than or equal to 20 driving miles from the property (a 20% variance may be granted by the Program Administrator)
  • Must not have owned a home in the last 12 months and must not have participated in this program for the last three years
  • May not rent their property on a short-term basis
  • May rent their property to a qualified occupant who meets local employment and income criteria

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Sign up to join the interest list.

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Additional Information

Click here for more details about the program including the Workforce Housing Preservation Program Description and Guidelines, the Deed Restriction Agreement, and the Subordination Agreement.

Questions?

Contact Emily Setzer at [email protected]