Frequently Asked Questions

• Buyers can apply for compensation up to $150,000 for a maximum $937,500 home purchase price. Payment can be used for down payment assistance, renovations, or other expenses.
• Sellers can sell at a reduced price and apply for compensation to make up the difference between the reduced price and the appraised value.
• Local Businesses can apply for compensation to rent or sell homes to local workers, including their own.
• Developers can apply for compensation to build homes for sale or rent to local workers.

A household must have at least one member who is currently employed 30 or more hours per week, meets full-time employment equivalency with employer verification, or has a written offer for full-time employment at an employment site within the Tahoe Truckee Unified School District geographical boundary. In the case of a written offer, the THAP Administrator will verify employment following the employment start date.

Yes, if your employer is located within the TTUSD boundary and you are employed 30 or more hours per week, meet full-time employment equivalency with employer verification, or have a written offer for full-time employment at an employment site within the Tahoe Truckee Unified School District geographical boundary. If your remote employer is not located within the TTUSD boundary, at least one household member must meet the local employment requirement.

Yes, this meets the definition of locally employed in the program guidelines.

Yes, a written offer of full-time employment meets the qualifications. In the case of a written offer, the THAP Administrator will verify employment following the employment start date.

Annual gross household income, including the income of all household members 18 years of age and older, must not exceed 245% of the area median income (AMI) for Nevada County. Current Income Limits are available on the Area Median Income page.

For Home Buyer applicants, liquid assets must not exceed 30% of the sales price of the home intended for purchase. See Program Guidelines Section 8.3 to learn more about how assets are determined. There are no asset limits to participate in the program as a seller, local business, or developer.

Yes, local businesses can participate in the program, with occupants of the property subject to rental restrictions as outlined in Program Guidelines Section 3.1. Occupants do not need to be employees of the local business, but they do need to meet the local employment qualification.

A corporation, LLC, sole proprietorship, governmental entity, mutual benefit corporation, or non-profit business that has a minimum of three employees working at a physical office location, within the Tahoe Truckee Unified School District boundary.

There will be a separate funding allocation for THAP Program funds to incentivize builders and property developers to deed-restrict additional for-sale housing units in their projects. See Program Guidelines Section 3.1 for more information.

No, this program is not limited to first-time home buyers.

The Program will be implemented in ways consistent with the Town's commitment to non-discrimination. No person shall be excluded from participation in, denied the benefit of, or be subject to discrimination under any program or activity funded in whole or in part with Town funds on the basis of age, ancestry, color, creed, physical or mental disability or handicap, marital or familial status, medical condition, national origin, race, religion, gender or sexual orientation or any other arbitrary cause.

No, there are no restrictions regarding citizenship.

Yes, Truckee homeowners who are selling their homes can participate. The program can market the seller's property to the current approved Buyer Households or expedite the seller's chosen buyer to qualify for and participate in the THAP Program.