ADU Resources and Articles - Blog

SB 9 California: What It Means for Housing Development

The recent passage of SB-9, which was signed into law in California in 2021, has opened up new possibilities for homeowners seeking to increase the supply of housing in the state. This legislation allows for the creation of up to two residential units on single-family zoned parcels, effectively allowing for lot splits and the development of accessory dwelling units (ADUs) on properties that were previously limited to single-family homes. What does SB-9 allow? SB 9 allows for two main things: Lot splits: It allows for the creation of up to two residential units on a lot that currently has only one, subject to certain conditions and requirements. Duplexes: It allows

8 Ideas for House Hacking

With property prices and interest rates increasing, the traditional American Dream of owning a single family home may seem like a pipe dream. Thankfully, there are still creative ways to afford a home, such as making your property generate income for you. This concept of building financial wealth through property ownership is what we at HOMEPLEX call the New American Dream. In this article we’ll go over 8 ideas to ‘house hack’ your way to home ownership. 1. Buy a duplex, live in half A duplex is a compound of two homes on one property that typically (but doesn’t always) share a wall with another one. Duplexes are owned by

ADU Los Angeles: Accessory Dwelling Units

Los Angeles is considered one of the most viable places to build an ADU. When looking into building an ADU in LA, pay attention to both city and county ordinances. If you reside in the city of Los Angeles you must follow the city’s ADU guidelines. If you live in an unincorporated community of LA county you would follow the county’s guidelines. Building an ADU in Los Angeles In 2021 Los Angeles Mayor Eric Garcetti announced an initiative to give builders and homeowners pre-approved ADU building plans to allow for a faster and less expensive permitting process. You can find those on LA’s Department of Building & Safety website: https://www.ladbs.org/adu/standard-plan-program/approved-standard-plans.

California ADU Financing: How to Finance an ADU

California ADU Financing – How to Finance an ADU in California One way California has been working to solve its housing supply crisis is by making ADUs more feasible to build both from a legislative and financial point of view. The ADU bills that went into effect in 2020 made ADU requirements more lenient, and this year, California Housing Financing Agency (CalHFA) started offering a $40,000 ADU grant for California residents, a great opportunity for those looking for an alternative ADU financing option. How Do I Fund an ADU in California? Funding an ADU in California can be accomplished with many different types of financing options including a Home Equity

How to Finance an ADU

Financing an ADU can be a difficult challenge. Learn about all the financing options available, including ADU construction loans, home equity loans, and more.

6 Key Things to Know About the ADU Grant

9/5 UPDATE: $25 Million Proposed By California For ADUs! Thanks to the collective advocacy efforts of CCEDA, Casita Coalition, and other advocates for the grant program, $25 million has been proposed for the upcoming 2022-23 budget by Asm. Ting to fund new ADU initiatives in California. After much success with the initial $100M, we remain hopeful that CalHFA will allocate these added funds to extend the current $40k ADU Grant Program. Apply to be first in line for if, and when, these new funds are allocated to the ADU Grant Program. In January 2022 the California Federal Housing Agency (CalHFA) created a $40,000 grant to help you build an ADU

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