THAP FAQs
- What is the Truckee Home Access Program?
- What is a deed restriction, and how will it restrict the future use of the property?
- What is a Truckee Home Access Program unit?
- How much money can I receive to place a deed restriction on my property?
- What happens to the deed restriction when I sell my deed restricted property?
- Where does the funding for this program come from?
- How long does the deed restriction last?
/FAQ.aspx
- Who can participate in the program?
- How is local worker/local employment defined?
- Can I participate in this program if I live in Truckee but work remotely?
- Can I participate in this program if I am self-employed, and my business is based in Truckee?
- I am planning to relocate to Truckee and have job offer in the Truckee area, but I haven’t started work yet. Can I apply to participate in the THAP program?
- What are the income limits for home buyers?
- Are there asset limits?
- Can a local business participate in the THAP program?
- What is the definition of a “local business”?
- Can a developer participate in the THAP program?
- Do I have to be a first-time homebuyer to participate?
- Are there non-discrimination requirements?
- Do I need to be a US citizen to participate in the program?
- I am planning to sell a home that I own in Truckee. Can I participate in the program to preserve my home as workforce housing?
/FAQ.aspx
- What are the geographic boundaries for properties that can participate in the program?
- Can I buy a house located in Eastern Placer County?
- Can I buy a house located in unincorporated Nevada County?
- What houses are available through the THAP program?
- Can I sell a property to a family member through the THAP program?
- What if the unit I wish to purchase has Code violations?
- Can a deed restriction be put on a property that I currently own and plan on continuing to live in or long-term rent for THAP funding?
- Can I buy a property from my landlord? Can I sell a property to my tenant?
/FAQ.aspx
/FAQ.aspx
- How is the amount of funding determined?
- What can I use the funding for? Does it have to be used for the down payment?
- How much do I need to have available for a down payment to participate in the program?
- What loan types are allowed?
- Are adjustable rate mortgage loans allowed?
- Can I use a co-signer?
/FAQ.aspx
- If I purchased my home through the THAP program and my household income eventually increases above the program’s income limit or change jobs to one not within the TTUSD boundaries, will I be required
- Can I short-term rent a unit purchased through the THAP program?
- Can I long-term rent a unit purchased through the THAP program?
- Can I refinance my home purchased through the THAP program?
- Can I get a Home Equity Line of Credit (HELOC) on my home purchased through the THAP program?
- Can I “buy out” the deed restriction?
- Is there an appreciation cap on the units?
- Is there a limit on how many properties I can deed restrict through the THAP program?
/FAQ.aspx