The North Bay's Hard Money Lender Since 1988

Call Today! (707) 523-2099

New California Housing Law Allows More Granny Units

Feb 10, 2020  , , , , ,

In late 2019 California, Gov. Gavin Newsom signed multiple bills into law to relieve the housing crisis facing the state.  These bills have taken effect on January 1, 2020 and allow property owners to build a backyard home of at least 800 square feet, as well as convert a garage, office or spare room into a third living space.  

Nearly two-thirds of California residences are single-family homes, and almost three-quarters of the developable land is zoned only for single-family housing.  These new laws allow homeowners to build an additional unit detached from a single-family home or turn part of their existing home into a third living space. In the past, local governments and homeowners’ associations have blocked or slowed construction, but effective Jan. 1 2020, cities and counties will generally only be able to prohibit the construction of accessory dwellings for health and safety reasons, including on properties at high risk of wildfires.  

Newsom has set a goal for the construction of 3.5 million new homes in the state by 2025.  Metcalf, former state housing director, is convinced that these “accessory dwelling units” are essential to resolving California’s housing problems.

Areas such as the Penninsula which includes San Francisco county, San Mateo and Santa Clara counties, continue to grow in numbers.  If you are interested in doing your part to correct the housing shortage where you live but cannot qualify for conventional financing to achieve this goal, give Sun Pacific Mortgage a call at 707-523-2099.  We have helped thousands over the past 32 years with our alternative financing programs, known as hard money, to realize their dreams of homeownership and expansion.  

Why not dream big and take the first step toward adding to your home’s income producing potential while you help alleviate the housing crisis we face. 

Lead Loan Originator at family owned and operated Hard Money company, Sun Pacific Mortgage & Real Estate "California North Bay Hard Money Loans Specialist!"