ADU Construction Financing: Opportunities to Expand Access for Homeowners

Industry practitioners in lending and policy discuss the research and recommendations in the recently released paper “ADU Construction Financing: Opportunities to Expand Access for Homeowners.”

The joint paper, produced by the UC Berkeley Terner Center for Housing Innovation and the USC Lusk Center for Real Estate, compiles national data and stakeholder interviews to provide a picture of the hurtles to financing and what barriers could be removed to bring ADU construction to scale.

 

Included in the discussion:

Recent updates to Freddie Mac’s ADU policies How friction during financing curtails homeowner commitment Appraisal gaps in accurately assessing ADU value The role contractors play in mitigating financial risk The importance of targeted consumer protections as more data emerges

Paper Link:

https://lusk.usc.edu/adu-construction-financing-opportunities-expand-access-homeowners

 

Introduction and Sponsor Remarks:

Richard K. Green (Director, USC Lusk Center for Real Estate) Amy Anderson (Senior Vice President, Wells Fargo Foundation) Racheal Meiers (National Leader, Economic Opportunity, Kaiser Permanente)

 

Federal Context:

Erika Poethig (Special Assistant to the President for Housing and Urban Policy, The White House Domestic Policy Council) Diane Slemmer (Single Family Affordable Lending Manager, Freddie Mac)

 

Panel Discussion:

Ben Metcalf (Managing Director, UC Berkeley Terner Center for Housing Innovation) Meredith Stowers (Branch Business Development Manager, Cross Country Mortgage, LLC) Susan Geddes Brown (Chief Executive Officer, Core SGB, LLC) Samar Jha (Government Affairs Director, AARP)

 

More: https://lusk.usc.edu/perspectives