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ADUs Seen as Solution by Staff
Housing is a challenging issue in the United States as rent burdens those across the nation, interest rates and inflation challenge those saving for a home, and inventory doesn't match demand. According to Habitat for Humanity, homeownership costs skyrocketed in 2022 and priced out 2.4 million renters as $3,000 per month is needed to purchase a median-priced home in the U.S. making $117,000 the estimated annual income needed to afford a home. To combat this, according to the National Association of Realtors, from 2017 through 2021, 68,000 units were built in California with half of all ADUs in just four states, California (30%), Florida (12%), Texas (10%), and Georgia (5%). States like California have moved towards re-zoning and eased permits to combat this housing crisis with the addition of Accessory Dwelling Units, or ADUs, for a more affordable housing influx.
$2 Million Goal Met In Just 15 Years
Limits Carryover and Allows Additional Flexibility
4.0% Above August 2024 Estimate
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