Truckee Extends Moratorium on New Short-Term Rentals until June | Business

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TRUCKEE, Calif. (AP) – Truckee city council has voted unanimously to extend a moratorium on new short-term rental certificates until at least June 15.

Last month, the council declared a 45-day moratorium on new rentals in response to a growing shortage of affordable housing for local workers.

The extension approved last week allows the city to continue studying different types of short-term rental properties north of Lake Tahoe as well as examining how they are managed in other communities in Nevada, Colorado. , California, New Mexico and Washington, Sierra Sun reported.

Currently, Truckee has nearly 1,200 short-term rental permits with another 100 yet to be processed. Before the moratorium, it was on average 10 requests per week.

Local residents were divided on the move.

Tahoe Truckee Homes owner Matt Hanson argued that limiting short-term rentals would not meet the city’s goal of providing additional affordable housing in the area.

“We are not a community of long-term rental investors. The numbers just don’t work, ”he said.

Longtime resident Carol Sullivan said short-term rentals have changed the nature of the community.

“The biggest bullies on this are real estate agents, property managers and second home owners. These people are all benefiting from the destruction of the character of our neighborhoods with the STRs, ”she said. “It’s all about the money for them.”

For more information on copyright, see the distributor of this article, Sierra Sun.


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