Discover the possibilities of accessory dwelling units (ADUs) for your property. An ADU, legally defined as a secondary dwelling on a primary property, offers various options, such as guest houses or apartments above detached garages. However, zoning regulations may vary based on location.
Examples of an ADU could be a guest house or a detached garage with a rented apartment above. The establishment and use of an ADU will fall under different zoning rules and regulations depending on where you live.
Our expertise spans various architectural styles, including Craftsman, Mediterranean, and Contemporary, ensuring your ADU complements your property's aesthetic seamlessly.
Customer satisfaction is our priority. Contact us during business hours or submit the inquiry form below for a free project estimate. We look forward to assisting you.
Transform wasted garage space into something extraordinary with our professional ADU installation services. Our team, led by a skilled structural engineer, will collaborate with you to design and execute your garage conversion seamlessly.
The California Housing Finance Agency's (CalHFA) ADU Grant Program provides up to $40,000 for preconstruction costs associated with an ADU.
To qualify, the homeowner must first obtain a loan from a CalHFA-approved lender.
You also need to meet the income range, which varies by county.
Earlier we stated that the funds would only be applicable for pre-construction costs (also known as soft costs) We want to clarify what those types of costs are to prevent any confusion.
Pre-construction costs include the following:
The grant cannot be used for construction costs such as material or labor.
Homeowners in LA and Orange County must meet the CalHFA income requirements. As of 2023 the household income requirements are:
Los Angeles County: $84,160
Orange County: $84,160
The homeowner needs to pull a construction or renovation-type loan.
This is because the program is designed for homeowners who need financial assistance.
Once the loan is approved, the lender will forward your paperwork to CalHFA. If it is approved, $40,000.00 will be added to the pre-existing loan funds. We do want to clarify that the $40,000.00 will not be handed to you.
If the application process is successful, the following will be made available to you:
$40,000 from CalHFA's grant to cover pre-construction costs.
There are two primary requirements in order to be eligible:
If you've already paid for costs covered by the grant, reimbursement isn't available. However, the grant can lower your loan principal if applied by your lender. Save receipts to provide to your lender for reduction purposes, ultimately decreasing your loan repayment amount.
If preconstruction costs are under $40,000, surplus funds can be applied to non-recurring closing costs. These one-time fees, like loan fees and interest rate buy downs, can reduce loan interest, benefiting you in the long term.
At Omega Structural Inc. Building Contractors, we're here to fulfill your building aspirations. Whether new construction or remodeling, our dedicated team boasts the skills and know-how to bring your vision to life. Expect nothing short of excellence and personalized service from us. Reach out today to explore your options with confidence.