middle record rent increase and in general Real estate market out of control, authorities in the Southwest are adopting new strategies to increase housing options. We’re giving Airbnb hosts financial lures to get them to quit the platform and sign leases with locals instead.
The city of Sedona, Arizona, joins a small group of other US communities trying to stop the scourge of rentals being used as short-term housing by offering cash to owners.
“We get calls every day from people who have lost their homes because their landlords have converted their homes to short-term rentals,” says Shannon Boone, a housing administrator for the City of Sedona. told an insider About the motivation behind the city council-approved “Rent Local” program.
The program pays $3,000 to rent a small unit (such as a single bedroom in a shared house) or $10,000 to rent a larger property and removes listings from short-term rental sites such as Airbnb and Vrbo. , instead renting to domestic workers. The immediate community for at least one year at a time.
This is just a sweetener for property owners to better serve their communities, Boone stressed, not a ban on short-term rentals. The area near the door is used as a short-term rental.
“It’s not our goal to end short-term rentals. It’s our goal to house the local workforce,” she said.
Time will tell if the Sedona program fits the budget, but similar incentives are in action elsewhere. Summit County, Colorado to find a legally licensed short-term rental host (a host who is unsure whether to continue operating a vacation rental) and offer up to $20,000 to sign a long-term lease on their behalf. and managed to accommodate 140 local workers.
“We’ve had a lot of positive feedback from hosts who were probably looking at long-term rentals. This was a way to try it,” Summit County Housing Officer Jason Dietz told Insider. It’s just one tool in a box, there’s no quick fix for affordable housing.”