Showing posts with label affordable housing. Show all posts
Showing posts with label affordable housing. Show all posts

Friday, July 27, 2018

The Rise of the Accessory Dwelling Unit

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Accessory Dwelling Unit is a mouthful.  What does it mean?  How about "where do I put my mother?

From NYTIMES.COM-
When Jeni Nunn, an agent with Intero Real Estate in Santa Clara, Calif., and her husband bought their 1,270-square-foot house, they planned to use its deep backyard to build a pool or playground. But they switched course when Nunn’s dad and mom (diagnosed with Parkinson’s) couldn’t find an affordable condo nearby. Instead, four years ago, they built a 640-square-foot, wheelchair-accessible, one--bedroom house, with room for their baby grand piano, for $160,000—a bargain in the Bay Area. “For us, it’s the perfect scenario,” says Nunn, who is also a mother of four. “I can send my 3-year-old into the backyard. ‘Go to grandma’s house!’ ”
Nunn’s own build-out put her at the leading edge of the movement to address one of today’s most vexing real estate problems: the need for affordable housing in areas with tight inventory. These secondary residences, known formally as “accessory dwelling units,” have become a popular alternative in high-demand areas of the U.S., from Washington, D.C., to Seattle. And local governments are increasingly passing measures that makes it easier for homeowners to build and rent out ADUs. The homes are permanent, with their own entrance, kitchen, and full bath. “It’s a self-contained dwelling on the same property as a standard single-family home,” explains Martin Brown, a researcher who co-edits AccessoryDwellings.org and rents out an ADU on his Portland, Ore., property. While much attention has been paid to the rise of tiny homes under 400 square feet, the emergence of compact ADUs has been similarly swift, if with less hype. 
Ponder the future and read the full column here.

For your next title order or
if you have questions about what you see here, contact
Stephen M. Flatow, Esq.
Vested Land Services LLC
165 Passaic Avenue, Suite 101
Fairfield, NJ 07004
Tel 973-808-6130 - Fax 973-227-0645
E-mail sflatow@vested.com
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Sunday, August 1, 2010

Revitalization money on the way to NJ communities

Thanks to New Jersey’s two U.S. Senators, Lautenberg and Menendez,

counties and municipalities across New Jersey will receive $24,195,998 for various housing and community revitalization programs. The grants, administered through the Department of Housing and Urban Development (HUD), are part of four initiatives: The Community Development Block Grant (CDBG) program, the HOME Investment Partnership, the Emergency Shelter Grants (ESG) program, and the Housing Opportunities for Persons With AIDS (HOPWA) program.

The grant money will be made available through the U.S. Department of Housing and Urban Development.

According to a press release issued by Senator Lautenberg’s office,

The CDBG and HOME programs provide funding to develop decent and affordable housing, enhance infrastructure and develop economic opportunities primarily in communities with large populations of low and moderate-income families.  HOPWA funding provides housing assistance and related support services to meet the special needs of people with HIV and AIDS.  The ESG program provides homeless people with basic shelter and other services.
  Let's hope there's more money coming for New Jersey's struggling communities.


For your next title order or 
if you have questions about what you see here, contact 
Stephen M. Flatow 
Vested Title Inc. 
648 Newark Avenue, P.O. Box 6453, 
Jersey City, NJ 07306 
Tel 201-656-9220 - Fax 201-656-4506 
E-mail vti@vested.com - www.vested.com
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