Californians seeking to add an Accessory Dwelling Unit (ADU) to their property can find significant financial support through the California Housing Finance Agency’s (CalHFA) ADU Grant Program. This program provides a financial boost for those looking to construct ADUs, with a specific focus on income limits. In this article, we’ll delve into the details of the CalHFA ADU Grant Program and explore the income limits for eligible applicants.
The ADU Grant Program: A Valuable Resource
The ADU Grant Program by CalHFA is designed to assist property owners in the construction of ADUs on their premises. This financial support can be a game-changer for individuals or families looking to create additional living space or rental opportunities.
Understanding the Financial Assistance
The ADU Grant Program provides financial aid of up to $40,000, which can be utilized for pre-development expenses and non-recurring closing costs associated with the construction of ADUs. But what do these terms entail?
- Pre-development Costs: This category includes expenses related to site preparation, architectural designs, permits, soil tests, impact fees, property surveys, and energy reports. These are essential steps in the process of bringing an ADU project to fruition, and the grant can be a significant help in covering these initial expenses.
- Non-recurring Closing Costs: This refers to the fees and expenses incurred at the time of closing, which are non-repetitive. These costs can add up quickly during the construction process, and the grant can alleviate this financial burden.
CalHFA ADU Grant Income Limit 2024
The CalHFA ADU Grant Program recognizes the importance of income limits for potential applicants. As of October 26, 2023, the CalHFA Board of Directors approved the income limits for the program’s second round of funding . For this round, the applicant income limits are set at 80% of the Area Median Income (AMI). Effective 11/01/2023.
| County | Income Limit | County | Income Limit |
|---|---|---|---|
| ALAMEDA | $126,560 | LOS ANGELES | $84,160 |
| ALPINE | $91,680 | MADERA | $65,280 |
| AMADOR | $80,960 | MARIN | $126,560 |
| BUTTE | $73,280 | MARIPOSA | $67,040 |
| CALAVERAS | $76,960 | MENDOCINO | $71,760 |
| COLUSA | $67,040 | MERCED | $53,920 |
| CONTRA COSTA | $126,560 | MODOC | $67,040 |
| DEL NORTE | $67,040 | MONO | $76,640 |
| EL DORADO | $91,120 | MONTEREY | $80,320 |
| FRESNO | $63,520 | NAPA | $103,680 |
| GLENN | $67,040 | NEVADA | $90,000 |
| HUMBOLDT | $67,040 | ORANGE | $84,160 |
| IMPERIAL | $54,320 | PLACER | $91,120 |
| INYO | $68,320 | PLUMAS | $67,040 |
| KERN | $58,080 | RIVERSIDE | $75,600 |
| KINGS | $58,080 | SACRAMENTO | $91,120 |
| LAKE | $67,040 | SAN BENITO | $143,040 |
| LASSEN | $67,040 | SAN BERNARDINO | $75,600 |
| SAN DIEGO | $93,440 | SANTA CRUZ | $106,240 |
| SAN FRANCISCO | $126,560 | SHASTA | $69,600 |
| SAN JOAQUIN | $80,240 | SIERRA | $67,040 |
| SAN LUIS OBISPO | $90,480 | SISKIYOU | $67,040 |
| SAN MATEO | $126,560 | SOLANO | $90,080 |
| SANTA BARBARA | $85,840 | SONOMA | $102,480 |
| SANTA CLARA | $143,040 | STANISLAUS | $74,080 |
| TEHAMA | $67,040 | TRINITY | $67,040 |
| TULARE | $54,160 | TUOLUMNE | $78,160 |
| VENTURA | $98,800 | YOLO | $91,120 |
| YUBA | $60,880 |
Why Is the Income Limit Significant?
Understanding the income limit is crucial because it determines who is eligible for the ADU Grant. With the income limit set at 80% of the AMI, this opens up the program to a broader range of individuals and families. It ensures that those who might not have qualified under stricter income criteria can now access this valuable financial support.
Exploring the CalHFA $40,000 ADU Grant
The CalHFA $40,000 ADU grant has been a linchpin in the journeys of these Californian families, making ADU construction a reality. For those eager to delve deeper into this grant and its possibilities, here are some essential resources:
- CalHFA Website: Visit CalHFA’s official website for comprehensive information on eligibility, application processes, and more.
- CalHFA ADU Grant Income Limits
- Local Government Offices: Local government departments often provide ADU-related support and guidance. Reach out to your city or county offices for insights.
- Financial Institutions: Some financial institutions collaborate with CalHFA to facilitate grant distribution. Check with your bank or lender for grant-related details.
- Contact CalHFA: For direct inquiries and assistance, find CalHFA’s contact information here.
- Contact Yifu Design Studio: Yifu Design Studio can prepare your architectural plans needed to apply for the CalHFA ADU Grant. We can guide you how to get started and connect you to our trusted lending and financing partners.
These resources serve as valuable starting points for unlocking the potential of the CalHFA $40,000 ADU grant, offering the guidance needed to navigate the application process effectively. The future of California’s ADU initiatives promises transformative changes for homeowners and their communities, with the grant playing a pivotal role.
