There’s a new lending product from one of the pre-approved lenders that will allow homeowners to get the $40,000 ADU grant, without ruining their current mortgage.
This article will tell you exactly how to inquire, and explain some details to make sure this is a good product for you to look at.
Accessory Dwelling Units (ADUs) are incredibly versatile tools so this is a long list of the most popular uses we see for ADUs in California.
This list covers nine specific ways people use their ADUs, based on hundreds of conversations I’ve had with homeowners. The list ranges from the very obvious (example: housing your mother-in-law in the in-law suite) to more surprising uses (example: downsizing to an ADU so you can rent out the main house and travel the world during your retirement).
“Tthe launch of the first and only 0% interest loan for accessory dwelling units (ADU) on the market. The San Jose Scaling Accessory Dwelling Unit (ADU) pilot program will provide 20-30 qualifying applicants a 0% interest loan for six months to finance 100% of the costs associated with permitting and building an ADU.“
Improving the housing availability in California is more important than ever. And despite all the setbacks and challenges in 2020, thousands of homeowners are rising to the occasion and building their ADUs.
This post goes over some of the newest programs to launch to help ADU development and adoption around the state, and it goes into some of the big milestones we’re crossing.
These blogs are written from the perspective of real homeowners who actually built Accessory Dwelling Units (or are trying to build one!)
I love linking to good objective educational resources about Accessory Dwelling Units, and the truth is that some of our favorite content comes directly from homeowners who have tried building their own ADUs.