Housing Assistance built out our My Home Plus One ADU program to address the five obstacles to creating ADUs identified by our research:
Adding an ADU has not been allowed at all in many towns for many years, and many homeowners don’t know the bylaws have changed.
2) Technical Assistance
Homeowners don’t know how to determine what can be built or what steps they must follow to get approvals from the town, hire a contractor and get it done.
Many homeowners don’t understand their options in terms of using home equity to secure a loan and the benefits in terms of immediate cash flow and long-term return on investing in an ADU.
4) Landlord Support
For most owners, their home is their sanctuary. Considering renting out a portion of it to someone else is a big step. Homeowners want more clarity about rules and best practices for tenant selection and management; and they want incentives that reduce the upfront investment and financial risks of becoming a landlord.
5) Upfront Costs
Without a clear path forward, a homeowner won’t invest upfront funds for an architect or septic, yet no project can move forward without professional plans. Financial assistance not only incentivizes a homeowner to make the investment but also mitigates their financial risk.