Housing Generations of Family Through ADU
Housing Generations of Family Through ADU
Posted on March 30, 2021
For Robin and her husband Michael, building an Accessory Dwelling Unit (ADU) is an opportunity to house “generations of family.”
With hearts for service, the DiFalco family has dedicated years of working in the mental health industry, with Michael as a clinician and both previous owners of a therapeutic children’s center where they worked with babies who have been exposed to drugs and those who have been abused while families were in treatment and worked on reunification. “We work with individuals who are unseen and feel unloved,” said Robin.
Robin first reached out to Self-Help Enterprises (SHE) back in August 2020 after learning about SHE’s ADU Pilot Program with the City of Clovis through their website.
ADU’s, also known as in-law units or backyard cottages, are an affordable and effective way to add much-needed housing in California. It’s also a great way to increase your property’s value and generate passive income or care for family, which is exactly what Robin and Michael aim to do.
“Our primary motivation for building an ADU was to care for my parents who are in their early 80’s. My father has early onset Parkinson’s. They are currently up in Oregon but when it’s time, we will have a place so we can care for them, and they wouldn’t have to go to a facility. It’s also an opportunity to have something that stays in the family. So at some point, if my son would like to stay in the home with his family, we can stay in the ADU. It’s also a way for us to receive rental income for our eventual retirement.”
While COVID-19 brought many challenges and delays with construction, Robin and Michael hope to have the project complete by June 2021.
“It’s been a pleasure working with the DiFalco family,” said Juan Jaime, Manager of SHE’s Homebuyer Program. “They have been very punctual with all of their paperwork and hope to see the project complete in the next few months.”
“We are so grateful because Juan Jaime, James Clark and Melissa Looney have been so great to work with,” said Robin.
In an effort to encourage infill residential development in the Old Town area, the City of Clovis has developed several “Cottage Home” plans that may be utilized on properties having alley access. These home plans (of less than 400 square feet of livable space) are intended to orient onto alleys and provide for a unique pedestrian street environment while also revitalizing the alleys and creating more housing in the highly desirable Central Clovis area.
In partnership with the City of Clovis, SHE provides financing to eligible property owners seeking funding to build or repair ADU’s on their existing single-family lot.
Some benefits of an ADU are:
- They can provide a source of income for the homeowners
- They allow family members to be close while still having privacy
- They are a cost-effective and affordable type of home to build in California where you don’t have to pay for land and other major infrastructure
Some of the loan requirements are:
- Minimum of $50,000 and maximum $140,000 loan amount with 1.4-3.08% interest rate according to loan amount
- 10-12 year amortized payments
- Main unit must be owner-occupied
- Household income limit $139,000, a minimum 640 FICO Credit Score, and no late payments in last 12 months
- $250 nonrefundable application fee
- 2.5% processing fee according to loan amount
- Free home plans (3 options) approved by City of Clovis
- Properties located within the boundaries of Old Town Clovis
Currently the program is offered in the City of Clovis, but with prior approval we have the option to provide financing in other parts of the San Joaquin Valley.
Recent Posts
Recent Comments
Archives
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- April 2024
- February 2024
- January 2024
- December 2023
- October 2023
- September 2023
- August 2023
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- December 2022
- October 2022
- September 2022
- August 2022
- July 2022
- May 2022
- December 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- February 2015