Long Beach ADU loan program will give up to $250K to owners who rent to low-income tenants
The pilot program will provide up to $250,000 toward construction costs for new ADUs rented to people with housing vouchers and other low-income households for a minimum of five to seven years.
With hundreds of accessory dwelling units being permitted in Long Beach annually the city is looking to a new loan program that would provide up to $250,000 to homeowners to build a new unit as long as they rent it to a low-income household.
