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.