Ketchum, Idaho
Providing incentives up to $18,000 to property owners and property managers to convert short-term rentals into seasonal and long-term rentals.
Building on the success of the Lease to Locals program in tourist towns nationwide, Placemate has launched a new initiative called Rooted Renters. This program is designed to preserve existing rental housing and provide long-term stability for the local workforce by offering multi-year cash incentives to owners of long-term rentals.
Tourist communities across the country have seen a surge in real estate prices, leading to a steep decline in the availability of long-term rental housing. Rising ownership costs have further strained landlords, impacting both rental availability and affordability.
Rooted Renters tackles these challenges through innovative public-private partnerships with local governments. Each program is tailored to the unique needs of its community, but all share the same goal: sustaining housing for the people who keep these towns thriving.
Launched in July 2024 this program offers incentives of up to $26,000 for property owners who lock in an affordable rate for three years to a qualified local household.
The Town of Truckee provided funding of $500,000 in their pilot year and have committed an additional $1,000,000 for an additional program year in 2025.
Providing incentives up to $18,000 to property owners and property managers to convert short-term rentals into seasonal and long-term rentals.
Providing incentives up to $22,000 to property owners and property managers to convert short-term rentals into seasonal and long-term rentals.
Providing incentives up to $18,000 to property owners to convert their properties into monthly, seasonal, and long-term rentals.
Providing incentives up to $24,000 to property owners to convert their properties into monthly, seasonal, and long-term rentals.
Providing incentives up to $10,000 to property owners to convert their properties into long-term rentals.