HOUSINGNEWS REPORT
THE PROMISE AND PITFALLS OF ACCESSORY DWELLING UNITS AS AN AFFORDABLE HOUSING PANACEA
METROS WITH INCREASING ADU BUILDING PERMITS 2017 YEAR-OVER-YEAR PERCENT CHANGE IN ADU BUILDING PERMITS
“ADUs are a unique opportunity to address a variety of housing needs and provide affordable housing options for family members, friends, students, the elderly, in-home health care providers, the disabled, and others.” ACCESSORY DWELLING UNIT MEMORANDUM PUBLISHED IN DECEMBER 2016 BY THE CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT
SANTA BARBARA, CA
314%
VENTURA, CA
179%
LOS ANGELES, CA
127%
SAN DIEGO, CA
71% 70%
HONOLULU, HI
SAN FRANCISCO, CA
56%
DALLAS-FORT WORTH, TX
53%
BALTIMORE, MD
42%
TAMPA-ST.PETERSBURG, FL
36% 36% 35%
ASHEVILLE, NC
ORLANDO, FL
SOURCE: BUILDFAX
same thing all the time and expect the world is going to remain the same.”
by the California Department of Housing and Community Development.
“It could allow some people to get into neighborhoods that they otherwise could not afford,” he continued, noting that as of January 1, 2018, Freddie Mac will allow income from an ADU to be counted when qualifying for a mortgage. “When you’re done with it you’re going to have two properties to rent rather than one.” The promise of more affordable housing inventory with streamlined ADU development was echoed in the December 2016 memorandum published
Addressing Affordability Lastly, the Southern California
“ADUs are a unique opportunity to address a variety of housing needs and provide affordable housing options for family members, friends, students, the elderly, in-home health care providers, the disabled, and others,” the memorandum reads. “Further, ADUs offer an opportunity to maximize and integrate housing choices within existing neighborhoods.”
developer also believes the end-product of a home with an ADU will be in high demand in highly unaffordable housing markets such as Southern California. “In certain demographic pools, multi- generational housing is common and coveted. … Now we’ve just given them a legal way to do it,” he said.
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MARCH 2018 | ATTOM DATA SOLUTIONS
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