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Could an Empty Garage Solve the Inventory Crisis?

That empty garage being used for storage may be the answer to a housing shortage that is ailing markets across the country, housing analysts say. Several communities nationwide are considering lifting zoning requirements to allow more accessory dwelling units or ADUs, which would permit adding extra housing onto an existing home.
California—facing an epic housing shortage—is one state actively pursuing the idea. A recent report from the California Housing Partnership says that the state needs 1.4 million more affordable rental homes to meet current population needs. California lawmakers have been relaxing their laws to allow more ADUs—whether that’s a garage conversion, backyard cottage, or an in-law apartment or granny flat that could be added onto an existing home. Calif. Gov. Gavin Newsom signed a law earlier this month to urge greater construction of ADUs.
Continue… https://magazine.realtor/daily-news/2019/10/17/could-an-empty-garage-solve-the-inventory-crisis

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Perrella & Associates
1932 E 2nd Ave
Hibbing, MN 55746
Phone: 218-262-5582
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