HomeMy WebLinkAbout15 Power Point Proposed Master Leasing Program
September 7, 2022 Housing AgencyEmployee Housing Through the Truckee Tahoe Workforce Consideration of a Master Leasing Program for Public ACTION ITEM #15
•BACKGROUNDBACKGROUND Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA 2019)-District participated in the Mountain Housing Council (2017•responseterm housing for emergency -There
is also a need for short•Recruitment and retention•issueterm -Employee access to achievable local housing is a long
•BACKGROUNDBACKGROUND Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA the TTWHA along with similar actions by our partnersOn October 3, 2019, the Board took action to authorize
the formation of •Joint Powers Authority (JPA) for housing•Truckee Tahoe Workforce Housing Agency (TTWHA)School District and Truckee Tahoe Airport District decided to form Truckee Donner
PUD, Tahoe Forest Hospital District, Tahoe Unified •with local agencies to seek innovative solutionsStarting in 2018, District began exploring opportunities to collaborate
•BACKGROUNDBACKGROUND Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA TTWHA Employee Housing Needs Survey•Local Resource Assessments•Board workshops•initiatives to address public
employee housing needsIn 2020 TTWHA began the process of defining key goals and
Member Agency Employee Survey 51%ReimbursementMileage/Commute34%CounselingHomebuyer Education/Financial44%Home Repair/Renovation47%Housing StipendMonthly48% payment Assistance-Down500
employeesrestricted Housing-Deed400 employeesRentalsleased-EmployerEmployee InterestProgram: )Programs of Greatest Interest (TTWHA
2021 ease the burden of housing costsrelated programs to -housing-Explore non•Expand Housing Programs and Services•Lease and Build Workforce Housing•Work Plan Focus Areas 2025 Housing
Work Plan-
2021 housing related programs to ease burden of employee housing costs)-non(Homeowners Insurance Access, Partnerships on Childcare and/or Transportation: Member Agency Collaborative
Efforts •(Pathway to Ownership, Housing Rebates, etc)Housing Education •Housing Match Program•Employee Concierge Program•Master Leasing Program •Development of Workforce Housing•Housing
Work Plan Activities 2025 Housing Work Plan-
2021 28$5,634Tahoe Airport DistrictTruckee560$112,676Tahoe Truckee Unified School District1327$267,002Tahoe Forest Hospital District 73$14,688Utility DistrictTruckee Donner PublicEmployee
CountContributionAgency 22 Member Contributions-
•BACKGROUNDBACKGROUND Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA Placer County•Nevada County•Town of Truckee•Truckee Donner Public Utility District•Truckee Tahoe Airport
District•Tahoe Truckee Unified School District•Tahoe Forest Hospital•public agenciesIn 2021 TTWHA membership expanded to include three new
•BACKGROUNDBACKGROUND Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA updated master planTTWHA Board of Directors and staff are currently preparing an •resources as well a broader
range employee of housing needsThe addition of the three new public agencies brings in additional
•New InformationNew Information Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA TTWHAutilities, and cleaning of the home, to be invoiced by , made in full by the 10th of each
month to TTWHA for the rent, Payment•District’s Responsibilities:•Property owner / manager: Tahoe Truckee Vacation Properties•(TBD)Average monthly utilities: $ •Monthly rent amount:
$2,400•April 30, 2022–Lease length: September 15 •Fully furnished •car garage-1•2 bed/ 2bath•Property description: •Recent TTWHA Master Leasing Opportunity
•New InformationNew Information Master Leasing ProgramTTWHA Master Leasing ProgramTTWHA needsall maintenance and property for Act as lead contact for the Property Manager, •lessors of
the property-Act as lead contact for the sub•paymentslessor -the PUD, for all prior months’ expenses, less subinvoice to Issuance of •Payment for cleaning of home interior, made each
month, upon receipt of invoice•Payment of utilities, made in full each month, at the time of utility bill issuance•Tahoe Truckee Vacation Propertiespayment to Issue Rent •’ leasesublessorslessor
rent payments for the term of the -Receive sub•subleases to lessorsIssue •TTHWA Responsibilities :•Opportunity (Continued)TTWHA Master Leasing
•FISCAL IMPACTFISCAL IMPACT Leasing programTTWHA Master Leasing programTTWHA Master Electric and Water Utility General Fund for this expenseThis is an unbudgeted item, however sufficient
funds exist in the •$14,000The District’s annual dues for TTWHA membership are approximately •established with prospective TTWHA employeesauthorization due to the proposed rent matching
agreements to be The actual cost to the District is expected to be less than the •$30,000 annually to secure master leasing opportunitiesStaff is recommending a Board authorization
of an amount to exceed
•RecommendationRecommendation Leasing programTTWHA Master Leasing programTTWHA Master to the District not to exceed $30,000.the Truckee Tahoe Workforce Housing Agency for a total annual
cost public employee temporary housing resources, administered through Authorize the District’s participation in a Master Lease Agreement for