Accessory Dwelling Units (ADUs) are a creative solution to the housing shortage in California. ADUs, also known as granny flats, casitas, converted garages, backyard cottages, in-law units, pool houses, secondary units, and rental units, are great for homeowners to add additional housing to their property.
The CalHFA ADU Grant Program helps Californians finance the building of an ADU on their property with low-interest rate loans and grant funding. This program is helping to alleviate the housing crisis by providing an affordable and efficient solution for growing families or those who wish to rent a secondary or pool house.
The CalHFA ADU Program helps Californians finance the building of an ADU on their property with low-interest rate loans and grant funding. This program is helping to alleviate the housing crisis by providing an affordable and efficient solution for growing families or those who wish to rent a secondary or pool house.
Such as architectural plans, permits, engineering, and other pre-construction costs. The funding is offered in the form of a 0% interest loan and is forgiven after five years. To qualify for the grant, homeowners must meet specific qualifications such as:
1. Must own and occupy the property for at least one year
2. The ADU must be owner-occupied or rented to low or moderate-income households
3. The maximum loan amount is $40,000
4. The borrower must have a satisfactory credit history with no past-due payments
5. The borrower must have sufficient income to repay the loan.
For more information or to know how to apply, click the following link: https://www.calhfa.ca.gov/about/contactus/ 🏡
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