Support the Back Home Initiative & ADU Creative Financing Motion
Support the Back Home Initiative and LA City Councilman Blumenfield’s Accessory Dwelling Unit Creative Financing Motion
1) Provides supportive housing to low acuity individuals and families at-risk of becoming homeless or ready to exit transitional housing;
2) Prevents homeowners from entering homelessness by generating monthly passive income from Accessory Dwelling Units (ADU) rental; and
3) Builds inter-generational wealth in low-income communities that are disproportionately impacted by homelessness.
BHI aims to construct and maintain a minimum of 150 fully furnished, move-in ready, 240 square foot (and larger) ADUs with all necessary appliances. The BHI ADUs are constructed and maintained on single family and multi-family properties free of charge. BHI partners with local Coordinated Entry System (CES) homeless service providers to offer supportive services to both tenants and property owners. As an added incentive, property owners are provided a monthly $350 stipend for their participation over ten years. After the contracted 10 years engagement is completed, BHI transfers ADU ownership to the property owners free of charge.
Last month, LA City Councilman Bob Blumenfield authored a motion to explore the creation of a citywide program to finance construction of ADUs to house formerly homeless Angelenos. If approved, the motion, which was seconded by Councilman Curren price, would:
1) Instruct the Housing and Community Investment Department (HCID), the City Administrative Officer (CAO) and the Chief Legislative Analyst (CLA) to report to City Council within 10 days on the feasibility of creating a program to finance ADU construction to house homeless people through a master lease agreement administered by the city or a partner;
2) Instruct HCID, the CAO and the CLA to explore federal and state funding options and report back in 10 days with available financing tools to fund the construction of those ADUs and for managing the city’s program;
3) Instruct the Department of Building and Safety and HCID to report on scaling up the ADU Accelerator Program to include for ground up construction of ADUs to expand the tenant base beyond older adults.
Please support BHI and Councilman Blumenfield’s ADU motion by adding your name to the growing list of supporters working to advance viable solutions to address homelessness!