Realty411 Magazine Featuring Lee Arnold from Cogo Capital | Page 10
The recent lawsuit from the
State of California against
Huntington Beach could mean
municipalities may be forced to
relax ADU regulations since
the state could take away
funding or fine cities for not
meeting required affordable
housing goals. This would be
amazing news for investors if it
is one of the side benefits of
this lawsuit.
ADUs would be the fastest
way to mitigate fines for these
municipalities and Huntington
Beach isn't the only city very
behind on their housing goals.
Check with the local
planning department, planning
commission, and/or a city
council member in the area you
want to build. In addition, talk
to local Realtors® and general
contractors to find out:
1. City position on ADUs and
current and expected ordinances
(are they for or against?)
2. Realistic timeframes and
process for approvals in
planning departments
3. Other similar projects in the
area (success, surprises and
horror stories)
ADUs are one way the state
is addressing the shortage of
10
housing and it
appears it is here to
stay. I’m even more
excited to hear how
3D printed homes
might come into play
and expect to hear
more about 3D
printing and the
companies making it
happen starting this
year.
The Norris Group
is following this trend
closely. Most
investors still aren’t
fully aware of some
of the regulations
including ADUs are
not just for lots zoned
R1. ADUs can be
built on lots zoned
for singlefamily and
multifamily
properties. Yes,
investors can have an
ADU added to an
existing fourplex!
Some don’t know
manufactured housing and prefab
housing can work as an ADU.
We’ll continue covering this
important housing trend in
California, so be sure to visit our
website regularly, at
TheNorrisGroup.com, for additional
information.
ARTICLE BY:
Aaron Norris
Aaron Norris, MBA, APR, CSPG
The Norris Group
1845 Chicago Avenue, Ste. C
Riverside, CA 92507
CA: (951) 7805856 x108
FL: (407) 7069700
Fax: (951) 7809827
www.thenorrisgroup.com