The ADU Grant is over, here's the next big thing

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The ADU Grant is over, here's the next big thing

Рет қаралды 6,856

5 ай бұрын

Exclusive interview with California state assembly member Phil Ting, the author of the $40,000 ADU grants, and the sponsor of many ADU bills in California.
If you want to get more financing and funding options for ADUs, as mentioned in the interview, go sign this petition today: actionnetwork....
Asm Ting explains the funding mechanism at 6:00
In many ways, ADU Grants are just one quick sugar high. You get the money once and get hundreds of ADUs and then the money is gone. But if we set up a rotating fund that helps secure low-interest construction loans, then the same money can work over and over to help ADU development year after year. It still saves homeowners a lot of money and headache by making the financing cheaper and can potentially save you a lot more than $40,000 in the long run!
MORE RESOURCES:
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🏠 Videos about some of Ting's legislation: • Trailer for ADU Condo ...
🏠 Videos about ADU financing: • ADU Financing
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Пікірлер: 41

@thegoldenaltar6908 5 ай бұрын

Is there anything I could do now that the ADU grant is over? Will it be coming back?

@HowToADU 5 ай бұрын

If you want to get more financing and funding options for ADUs, as mentioned in the interview, go sign this petition today: actionnetwork.org/petitions/more-adu-financing?source=youtube

@thegoldenaltar6908 5 ай бұрын

@@HowToADU done! ✅

@jesusrodriguez915 5 ай бұрын

Good Work; your efforts will make a difference and tangible impact on people's lives.

@HowToADU 5 ай бұрын

Aww thank you!

@lifeunderthesun831 5 ай бұрын

Excellent interview.

@HowToADU 5 ай бұрын

Thanks so much!

@tgo007 2 ай бұрын

Do you think there will be more grants in the future or no?

@jessicapilling4009 28 күн бұрын

Thanks for this! One more comment on the ADU grant, in case there are more in the future. We qualified and then didn't once they lowered the amount, because there was no consideration for famiy size! So one single person, making 100k could qualify, whereas a family of five had to qualify under the same amount. All other rental income comparisons have adjustments for family size. If I wasn't married, for instance, I could have qualified. Yet since our incomes are combined, we did not qualify. Very frustrating and should be considered in the future!

@HowToADU 28 күн бұрын

good point - household income without household size is a missed opportunity! Make sure to sign that petition so we can get more financing options for future ADUs! :)

@jessicapilling4009 28 күн бұрын

@@HowToADU signed!

@mikefeir 5 ай бұрын

Thank you for everything you do

@HowToADU 5 ай бұрын

You are so welcome. Thanks for watching

@user-ke7bp8ic8w 5 ай бұрын

Please help me get my adu funded,i am a perfect candidate.Thabk tou for your content

@ThatADUGuy 5 ай бұрын

Great content for housing🎉🎉🎉

@HowToADU 5 ай бұрын

Thanks for watching as always!

@ThatADUGuy 5 ай бұрын

@@HowToADUbest ADU policy content on youtube/the planet.🎉🎉

@mangostickyrice555 5 ай бұрын

The income restriction to qualify for the grant was way too low…….😢

@HowToADU 5 ай бұрын

They distributed all the funding in a couple of weeks so they’d probably keep the restrictions if they repeated the grant. That’s another reason cheaper financing is a better option!

@JAYY_JAYY 5 ай бұрын

@@HowToADUI agree way to low I assume this is geared towards older retiree who don’t make much yet can still afford the build cost . In my area the limit was 70k income . Yet to even build and adu would cost at least that much . So essentially to get the 40k grant you need to make less than 70k to build an adu that will Cost 100k

@HowToADU 5 ай бұрын

Again, they distributed all the money in a number of weeks. If they income restriction had been impractically low, they'd still be sitting on uncommitted funds. We should argue for more funding, not for fewer restrictions on it.

@Khanh.Nguyen369 5 ай бұрын

We had to do cash. Because we just bought we had no LTV. Will HELOC or heloan after build is done.

@HowToADU 5 ай бұрын

That’s super common right now. But sign the petition and we will make it easier for future homeowners!

@JAYY_JAYY 5 ай бұрын

How To Adu What do you believe is the percentage of non permitted ADUs ? I feel most people go this route due to red tape , hoops you have to jump through .

@HowToADU 5 ай бұрын

Hard to know. We’ve got 80k ADU permits in California in the past few years. Which is great. In 2024, I bet ADUs will be 20-25% of the permitted units in the state. Could it be possible that 80k people also built unpermitted units last year? Maybe but they probably didn’t put in full kitchens and bathrooms. I think it’s much more common to do additions/rooms without independent utilities/facilities. Additionally, I think it’s probable that the number of unpermitted additions has gone down since the ADU path opened up. That’s based on two assumptions. One is that people have consistently built unpermitted units since zoning code prohibited popular options like room additions and ADUs. The other is that when you legalize stuff some percentage of the people who would have done it illegally instead choose the legal path. Anyway, all conjecture. Interested to hear what you think!

@Loveroftruth777 4 ай бұрын

Can you help me Ryan? I need guidance Thank you

@HowToADU 4 ай бұрын

Hey that’s what all the videos are for! What part is stopping you the most right now?

@Loveroftruth777 4 ай бұрын

@@HowToADU trying to figure out which option such as garage conversion ADU Two story??

@HowToADU 4 ай бұрын

@@Loveroftruth777 my sponsor Realm is really good at this part. You do a free call with them and they’ll help figure out the approx cost of your different options. Then, if you want, you can hire them to help you find GCs to bid on it. l.realmhome.com/how-to-adu

@MiguelGomezMountainRunner 5 ай бұрын

Just one question: who’s going to build these homes? Older construction workers are leaving the trade, not enough younger construction workers are replacing them, and republicans don’t want to allow immigrants to enter the country. So how are we going to get the construction workers to build these homes?

@HowToADU 5 ай бұрын

That’s a serious concern of mine too. It drives construction costs up when labor is tight. And bringing in more labor increases the need for housing in the short term which brings housing costs up! A lot of the workforce development programs that could tackle this are national/federal in scope and somewhat siloed from housing which is often a state level or local issue. Keep an eye on the channel as I’ll be talking about this issue more in 2024

@adusnmore 5 ай бұрын

@@HowToADUwe are working on that we just need more support and more people involved.

@rickfarrow7359 5 ай бұрын

the grant program was a scam for special interests. His plan going forward is with those players. They shouod call them ADUFU,S

@HowToADU 5 ай бұрын

Huh?

@adusnmore 5 ай бұрын

@@HowToADUhe’s mad.

@HowToADU 5 ай бұрын

But who got scammed? I helped hundreds of people get that money. /shrug @@adusnmore

@SanitiveRevolution 5 ай бұрын

I got an idea: how about making it possible to afford to live here? That would cure a plethora of California's poor policies and legislation. Other than that, the circling in the toilet continues. Enjoy!

@HowToADU 5 ай бұрын

Yeah if only i could devote my whole business and KZfaq channel to that topic 😅

@SanitiveRevolution 5 ай бұрын

What's stopping you?

@HowToADU 5 ай бұрын

The irony here is that the entire business and youtube channel are devoted to that topic.

@Bizarrefoodguy 3 ай бұрын

Hello, thank you for making your video but the problem the city for you on a commercial building about two car garage underneath the building to build ADU you getting so much problem with the inspector with the policy with the permit with all this thing is destroy the landlord destroy the economy is supposed to be taking little bit easy and then nobody helping and they keep telling get every single thing permit and there’s just so much permit and so much inspection and so much distress You don’t like to build anything I’m investor. I’m sick of it to build ADU city as a lot of issue. A lot of problem you cannot never win with the city that one inspector said one thing not inspector is something else please you trying to save California save Los Angeles save United the state one project send one inspector in exactly what’s the problem, you keep changing the inspector every Spector coming his own idea one wanted to be put one thing another one won’t change put something else that’s why I’m sick of it. I’m never want to build more ADU for any price could cost me almost $255,000 to build one ADU just because of inspectionunit building I was supposed to be built garage ADU and it cost me so much money. I’m not buy $300,000 private house there’s a house you can buy it for $300,000. You can rent it why you want to build ADU investor commercial investor commercial business owner Apartment waste your money don’t waste your energy is not worth it is a lot of stress is a lot of problem. God bless you.