Liccardo Legislation Finances ADUs

Congressmember Sam Liccardo introduced H.R. 4479, which would create a federal financing mechanism for accessory dwelling units (ADUs). The bill, dubbed the SUPPLY Act, essentially would allow federal housing agencies to back loans for the creation or construction of ADUs. The bill has 16 co-sponsors and has bipartisan support.

The Bipartisan Policy Center notes that one in five dwelling units created in California in 2022 were ADUs. That year, more than 80,000 ADU permits were issued, which included everything from detached units, attached units, garage conversions and even basement conversions. According to Liccardo, “Millions of homeowners want to have backyard homes — maybe to rent out and provide a naturally affordable supply of housing, but the big obstacle they all face is financing.”

Click to learn more!

Source: San Jose Spotlight

As your trusted real estate resource, I’m always here to help—feel free to reach out with any questions. Contact me today!