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AgdaPkt 2017-03-27 Closed and Joint SA PFA
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AgdaPkt 2017-03-27 Closed and Joint SA PFA
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Last modified
5/11/2017 10:57:34 AM
Creation date
3/23/2017 4:24:50 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
3/27/2017
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<br />2 <br /> <br />into a junior ADU. This flexibility benefits not just people renting the space, but the homeowner as well, who can <br />receive an extra monthly rent income. <br />ADUs give homeowners the flexibility to share independent living areas with family members and others, allowing <br />seniors to age in place as they require more care and helping extended families to be near one another while <br />maintaining privacy. <br />Relaxed regulations and the cost to build an ADU make it a very feasible affordable housing option. A UC Berkeley <br />study noted that one unit of affordable housing in the Bay Area costs about $500,000 to develop whereas an ADU <br />can range anywhere up to $200,000 on the expensive end in high housing cost areas. <br />ADUs are a critical form of infill-development that can be affordable and offer important h ousing choices within <br />existing neighborhoods. ADUs are a powerful type of housing unit because they allow for different uses, and serve <br />different populations ranging from students and young professionals to young families, people with disabilities and <br />senior citizens. By design, ADUs are more affordable and can provide additional income to homeowners. Local <br />governments can encourage the development of ADUs and improve access to jobs, education and services for <br />many Californians. <br /> <br /> <br /> <br /> <br /> <br /> <br />8.B. - Page 52
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