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Search resuls for: "CalHFA"


5 mentions found


☆ I made $20,000 in 5 months by renting out extra apartments in my Sacramento backyard
  + stars: | 2024-05-02 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +6 min
My wife and I live in a century-old home in Sacramento, but also own 13 investment properties spread throughout Texas and California. In 2004, we bought a $300,000 investment property, a duplex in Midtown Sacramento, which we rent out. AdvertisementLast year, I built two cottages on the duplex's lot and began renting them out as ADUs. After several months of collaboration with the company's design team, we submitted an application to the city of Sacramento. AdvertisementWith Sacramento allowing up to 1,200 square feet per ADU, I chose to build two 600-square-foot cottages on the lot.
Persons: —, George Warren, I've, Warren's ADU, Kevin Craig, ADUs, they're, it's, Warren Organizations: Service, Business, Tiny Homes, YouTube, Sacramento State University Locations: Sacramento, Texas, California, Midtown Sacramento, Warren, it's, ADUs, Warren's, Atlanta
☆ I downsized to an ADU I built in my Sacramento yard. I pay only $520 toward my mortgage and am saving up for my next home.
  + stars: | 2024-04-27 | by ( Alcynna Lloyd | ) www.businessinsider.com   time to read: +7 min
One of them sent me an advertisement for CalHFA's ADU grant program that gives eligible Californians $40,000 to cover blueprints, permits, and closing costs to build an ADU on their property. In 2022, I began the process of getting approved for the CalHFA's ADU grant, which was pretty easy. As a result, my mortgage, including my main house and ADU, increased by $1,500 a month — from $1,200 to $2,700. There are two renters living in the main property and my son and I moved into the ADU. Living in the ADU with my son, I only pay $520 of the $2,700 mortgage.
Persons: —, Blanca Barragan, They've, Barragan, I've, I'm Organizations: Service, Business, Habitat, Humanity, Tiny Locations: Sacramento, Blanca, California
☆ Three Californians got $40,000 to build tiny homes in their backyards. They share how it's made their lives better and easier.
  + stars: | 2023-10-03 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +11 min
Some California residents got $40,000 in grant money to build tiny homes on their properties. AdvertisementAdvertisementThousands of California homeowners got a $40,000 check from the state to build a tiny home in their backyard last year. California is reviving the ADU grant program again, but details are being worked out. Altogether, we paid $124,000 out of pocket, got the $40,000 from the state, and a forgivable loan of $67,500. I paid for the majority of the project with my savings, and the rest with the $40,000 California ADU grant.
Persons: —, Los Angeles —, Dan Romo, Daniel Romo, Kristin Romo, Dan, Kristin, Jakota Rivas, Eric Santucci, Rivas, shutdowns, wasn't, it's, we're, Rosario Organizations: Service, Housing, HPP, California ADU Locations: California, Orange County, Napa, Los Angeles, Whittier , California, New Hampshire, Napa , California, Northern California, Napa County, Rosario, Los Angeles , California
☆ California gave us $40,000 to turn our garage into a tiny home. There was a lot of paperwork, but it lets us live next to our grandkids.
  + stars: | 2023-08-28 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +7 min
Daniel Romo, 61, and his wife Kristin, 63, got a $40,000 grant from California to build an ADU. Dan: We live in Whittier in Southern California and we just transformed our garage into an accessory dwelling unit. At that time, the only way you could get the grant was you had to go through a state-approved vendor. Thursday, Friday, and Saturday, our middle daughter and son-in-law and grandson moved in — my daughter's second child was due any day. They were determined that they were going to bring their daughter home to the ADU, not to our house.
Persons: Daniel Romo, Kristin, Dan, Kristin Romo, Kristin Romo Kristin, YouTube — Ryan O'Connell's, Ryan, Kristin Romo Dan Organizations: Service, YouTube, HPP Locations: California, Wall, Silicon, Whittier , California, Whittier, Southern California, New Hampshire, —
☆ California could pay homeowners $40,000 to build a tiny home in their backyards. It's 'vital,' for increasing the housing supply in the state, one expert said.
  + stars: | 2023-08-02 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +3 min
California set aside $50 million in the state budget for homeowners building backyard homes. The cash plays a "vital," part of the state's ability to increase housing supply, one expert said. The state is short 2 million homes, and many experts think ADUs can ease the issue. Through that previous program, homeowners received grants of up to $40,000 to develop at least one additional housing unit on their property. ADU financing is hard to findNearly 20% of all homes built in California are ADUs, according to data from the state's department of housing.
Persons: Gavin Newsom, Muhammad Alameldin, CalHFA, Alameldin Organizations: Service, Gov, University of California, Berkeley Terner Center, Housing Innovation, Los Angeles Times Locations: California, Wall, Silicon
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