SOUTH LAKE TAHOE, Calif. With 2021 right around the corner, vacation home rental owners outside of the tourist core must decide what to do with their properties due to Measure T and some groups in South Lake Tahoe are hoping to use those properties to make a dent in the housing crisis.
Attempts to kill Measure T, that was approved by voters in November 2018, in court have widely failed, so once a VHR permit is up in 2021, owners outside the tourist core can’t renew it.
According to Tahoe Prosperity Center’s housing plan, the city needs over 3,000 housing units to fill the need in South Lake. Measure T will open up many homes that are above the prevailing market price which is $400,000.