Durham Bolsters Affordable Housing Efforts with $1.75M Loan Program for Accessory Dwelling Units

Durham is channeling more funds into affordable housing with a new loan program targeting accessory dwelling units (ADUs), commonly dubbed Granny-flats or in-law suites. The city has earmarked $1.75 million to assist homeowners who want to add these secondary housing units on their properties in an effort to combat the local housing crisis. A recently announced contractor management program aims to navigate these homeowners from the planning phase to the final construction.

The “Durham Affordable Accessory Dwelling Unit Loan Pilot Program” is part of a larger initiative, Forever Home, Durham, which is supported by a mix of public and private funding, including a laudable $95 million from a 2019 voter-backed housing bond. As detailed by a city press release, this program seeks to not only create more living spaces but also to provide rental options for low-to-moderate income citizens seeking affordable homes within the city. As accessory dwelling units usually don’t require new land development, they stand as a cost-effective alternative to full-scale housing projects.

In a statement obtained by the City of Durham’s press office, Community Development Director Reginald J. Johnson emphasized the role of accessory dwelling units in Durham’s housing strategy. “Part of our Forever Home, Durham program is aimed at providing more affordable housing in Durham, and this program is an innovative strategy to help homeowners build ADUs on their own property and, at the same time, help low-to-moderate income residents find affordable housing in the city,” Johnson said…

Story continues

TRENDING NOW

LATEST LOCAL NEWS