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ADU loan program has $100,000 for OC homeowners who rent to low-income tenants – OCRegister

On Oct. 14, Gov. Gavin Newsom signed Assembly Bill 1033, paving the path for accessory dwelling units to be sold separately from the primary residence, creating two-unit condos. This week, I’ll dive into how homeowners can finance the construction of an ADU. While there are myriad ways to finance such construction, at the top of […]

California Housing Finance Agency Director Elected to National Board; Agency Earns Two Awards – Yahoo Finance

National Council of State Housing Agencies Picks Tiena Johnson Hall for its Board of Directors and honors CalHFA’s ADU Program and financing activities SACRAMENTO, Calif., October 26, 2023–(BUSINESS WIRE)–The California Housing Finance Agency has once again received national recognition for being a leader and an innovator in government housing finance. At the organization’s annual conference […]

Budget Breakdown: With $89K, an Architect Expands His L.A. Home for Three Generations of Family – Dwell

Danny Lim and Jennie Lee are proof that if you can survive living in a 400-square-foot studio for four months with newborn twins and a six-year-old, you can survive pretty much anything. While it’s not an experience they’re keen to repeat, they got through it with their humor and sanity intact. The couple considered themselves […]

Nonprofit wants to help pay to build ADUs on properties in Vancouver – The Columbian

Sativa McGee wasn’t planning on starting her nonprofit. She had wanted to start a for-profit business selling accessory dwelling units, small dwellings typically located on the property of houses. But she realized the people who really needed these units couldn’t afford them — people like her mother. She was homeless living on disability, so McGee […]

Laguna Beach Boosts Affordable Housing with Innovative ADU Loan Program – Hoodline

The rising popularity of Accessory Dwelling Units (ADUs) is notable. Considered affordable housing solutions, these units often serve as a source of monthly income for homeowners or can be repurposed as needed, as indicated by the City of Laguna Beach. To facilitate this, financial assistance programs have been launched, including the Affordable ADU Loan Program […]