California has more accessory dwelling units than any state in America. One person with a keen understanding of why this is? Denise Pinkston.
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Although passage of state and local zoning reforms provides potential affordable housing options, local governments and their nonprofit partners must still provide direct support (e.g., information and technical assistance) to facilitate the effective, efficient, and equitable implementation of these new low-rise infill development policies and programs.
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“In the finance space, clearly federal lenders—the GSEs, the Fannies and Freddies—need to decide that the future income from [renting out] an ADU can be used to size a loan for a homeowner who is house rich and cash poor,” says Denise Pinkston, founder and board president of Casita Coalition.
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More than 150 homeowners looking to build accessory dwelling units on their properties gathered with builders and lenders in downtown Oakland Saturday, reflecting an apparently growing interest in ADUs, which proponents say could boost the Bay Area’s housing stock.
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The White House hosted a virtual meeting on making it easier to build accessory dwelling units, featuring some of the nation’s leaders on domestic housing and lending policy including Ambassador Susan Rice, White House Domestic Policy Advisor and Erika Poethig, Special Assistant to the President for Housing and Urban Policy.
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If you’re looking for a way to create some passive income, look no farther than your own garage. You may be able to convert it into an accessory dwelling unit (ADU) that you can rent out.
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As small houses or apartments that exist on the same property lot as a single-family residence, Accessory Dwelling Units — or ADUs — play a major role in serving a national housing need. This traditional home type is re-emerging as an affordable and flexible housing option that meets the needs of older adults and young families alike.
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In following with the sentiments outlined in “Solving Our Housing Crisis One Garage at a Time” (April 9, 2020) by John McNellis, I, too, look around my neighborhood and imagine the potential of existing underused spaces and garages to house people.
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