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Adus

All articles tagged with #adus

real-estate1 year ago•4 min saved

NYC Embraces 'City of Yes' to Boost Affordable Housing Options

New York City has legalized accessory dwelling units (ADUs) in certain neighborhoods as part of broader housing reforms aimed at addressing the housing shortage. ADUs, which include backyard cottages and converted basements, offer affordable housing options and can increase property values. While ADUs are gaining popularity across the US, challenges such as construction costs and regulatory hurdles remain. Fourteen states have legalized ADUs, with California leading the way, but local regulations can still impede widespread adoption.

via Business Insider|

#adus #affordable-housing #housing-reform

housing1 year ago•4 min saved

NYC Set to Approve Backyard and Basement Housing Units

New York City is set to legalize accessory dwelling units (ADUs) as part of Mayor Eric Adams' "City of Yes" initiative to increase affordable housing. The reform aims to create 20,000 ADUs over 15 years by allowing tiny homes and converted spaces like garages and basements in certain neighborhoods. This move follows similar efforts in other cities to boost housing density without large apartment buildings. While some council members oppose the plan, it is expected to pass, with adjustments to zoning laws and building codes to facilitate ADU construction.

via Business Insider|

#adus #affordable-housing #city-of-yes

real-estate-news1 year ago•2 min saved

Arizona Governor Signs Law Permitting Casitas and Backyard Chickens

Arizona's new casitas law, signed by Governor Katie Hobbs, allows the construction of auxiliary dwelling units (ADUs) on single-family home lots in cities with over 75,000 people, aiming to address the state's housing shortage. While some see it as a way to provide affordable housing for families, others are concerned it may lead to an increase in short-term rentals rather than permanent residences. Governor Hobbs plans to address these concerns in the future.

via FOX 10 News Phoenix|

#adus #affordable-housing #arizona

business2 years ago•7 min saved

"Airbnb Cofounder's Startup Raises $41M for Prefab House Venture"

Airbnb cofounder Joe Gebbia's startup, Samara, has raised $41 million in funding to expand its operations in building small, pre-fabricated houses known as accessory dwelling units (ADUs). Samara aims to simplify the process of adding ADUs to properties by offering online ordering and pre-assembled delivery. The company's initial product, called Backyard, ranges from 420 to 690 square feet and costs between $269,000 and $369,000. Samara plans to target the growing demand for additional living spaces driven by multigenerational living, remote work, and rental income. The funding round was led by Thrive Capital, with participation from investors including Airbnb and its cofounders.

via Fortune|

#adus #business #housing-market

housing2 years ago•2 min saved

San Francisco Builder Transforms Garage into $1.8 Million Tiny Home Trio

A San Francisco housing organization has converted a six-car garage into three small apartments costing just under $600,000 each. The units, part of Mayor London Breed's directive to build Accessory Dwelling Units (ADUs) for seniors, are seen as a victory in the city's housing crisis. However, critics argue that the cost of the units is high considering their square footage. The project used an all-union contractor crew and set aside funds to replace building components for the next 35 years.

via Business Insider|

#adus #affordable-housing #garage-conversion