Frequently Asked Questions

The Truckee Home Access Program (THAP) preserves, produces, and protects homes to create places for people who work full-time in the Truckee region to live locally. THAP pays buyers, sellers, businesses, and developers to reserve homes for income-qualified local workers using a fifty-five-year deed restriction.

A deed restriction is a binding agreement that places permanent restrictions on the property. In the case of this program, the deed restriction will restrict the unit to use as a full-time residence, with occupants required to meet income and employment qualifications.

A THAP unit is a housing unit that is deed-restricted so that it can only be used as a full-time residence and must be purchased by or rented to a household that meets the THAP program's regional employment and income qualification requirements.

The amount paid for each deed restriction will not exceed the lesser of 16% of the value of a home (determined by a fair market value appraisal) or $150,000.

The deed restriction will remain with the property if the property sells within the fifty-five-year deed restriction term. This means that the terms the property is restricted by will reset for fifty-five years for the next owner.

Funding for this program comes from Measure K, a Transient Occupancy Tax (TOT) Revenue Measure. Learn more about Measure K.

The term of the deed restriction is fifty-five years.