affordable housing

Accessory Dwelling Units CA

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The sweeping changes that California is hoping to bring to housing with the new Accessory Dwelling Unit (ADU) legislation is big news and could alter the way we live in our homes and the aesthetics of our communities in a massive way.

Turning single family homes on tract lots into Triplexes?  No more garage parking?  Where will all the stuff go?  I guess renting out the garage would surely cover storage and more.

Good or bad?  I’m sure as with everything in California…it will depend on who you ask.

Turning Your Property into a Triplex

Making Sense of New ADU Legislation

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Gary and April Greer via phone, text or email at (951) 522-0518 and april@teamgreer.com

 

 

 

New Recording Fees California

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CALIFORNIA

Affordable Housing

 Fund Document Recording Fee

With keen awareness of California’s shortage of affordable housing, the legislature passed more than 20 bills related to housing in this year’s session.

Chief among these laws is Senate Bill 2. 

This law provides a permanent source of funding for affordable housing by imposing a flat $75 per document recording fee on every real estate instrument that is NOT part of a sales transaction. In this way, SB 2 is written to ensure that the fee will not burden home purchase transactions.

The fee will be capped at $225 per transaction and coordinated with other revenue sources.

C.A.R. supported SB 2 which dedicates 20% of the funds generated to affordable workforce housing and 70% of revenues to local governments for housing.

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Gary and April Greer Connecting Buyers and Sellers since 1998 (951) 522-0518 or april@teamgreer.com