Los Angeles, CA (October 28, 2022) – The California Community Economic Development Association (CCEDA) is partnering with the California Housing Finance Agency (CalHFA) to help low and moderate income homeowners throughout California receive $40,000 grants to cover pre-constructions costs for building accessory dwelling units (ADUs). The state has earmarked $100 million in grant funding to encourage construction of ADUs, which are small residential units on lots with pre-existing homes that provide an affordable solution to the state’s housing crisis.
“The lack of affordable housing has become the primary problem facing the State of California,” said Roberto Barragan, Executive Director at CCEDA. “Construction of ADUs provides the fastest immediate solution to that problem and helps low and moderate income homeowners create a valuable secondary income source.
Through CCEDA, low and moderate homeowners can apply for the $40,000 CalHFA ADU grant, whether the recipient has all the cash needed for an ADU project or requires a loan to bridge the gap. The grant, which does not have to be repaid, provides up to $40,000 for pre-development and non-recurring closing costs associated with the construction of the ADU. Pre-development costs include site prep, architectural designs, permits, soil tests, impact fees, property survey, and energy reports.
Low to moderate income limits vary by county, and are determined by CalHFA. For example, the income limit for property owners is $180,000 in Los Angeles County and goes up to $300,000 for Marin, San Francisco, San Mateo, and Santa Clara counties. Income limits apply only to those homeowners on the deed, and not the household as a whole.
Visit https://www.adu.cceda.com for information about the grant program and to apply for a grant.
Founded in 1989, California Community Economic Development Association (CCEDA) is a statewide association of community development organizations in the economic development field. The company offers technical assistance and education designed to serve our membership — organizations actively engaged in revitalizing California’s neighborhoods. www.cceda.com