The California Housing Finance Agency (CalHFA) has made incredible changes to its ADU grant program that grants $40K to homeowners developing ADUs. These new changes make it easier for more people to take advantage of the grant without having to take out a loan. The...
A critical step to developing an additional dwelling unit, otherwise known as an ADU, is developing a good floor plan. Creating one from scratch can be time-consuming and costly if you don’t know what you are doing. Luckily though, there are plenty of free ADU floor...
Over half of U.S. mortgages are backed by either Freddie Mac or Fannie Mae. Having one of these finance companies change their rules about additional dwelling units is a huge deal for everyone. So, what are the changes Freddie Mac made to their policies that will help...
Once you have done your research about the different types and ways to use ADUs, it is time to figure out how you will finance one. Building an additional dwelling unit is more costly than most people realize, even though it is considered an affordable housing option....
Many state and local governments have developed unit legalization programs to allow homeowners to legalize unpermitted ADUs. Whether you built it yourself, inherited, or purchased property containing one, legalizing your ADU is a smart move that can benefit you and...
How to Build an ADU in Los Angeles in 2022 Compared to last year Los Angeles home prices have risen by 13.5% (from May 2021 to May 2022). With that, homelessness levels have been on the rise in the area, sparking the need for government to take action. One of the...
