ORANGE COUNTY HOUSING FINANCE TRUST INITIATES AFFORDABLE ADU LOAN PROGRAM

The Orange County Housing Finance Trust (OCHFT) launched a subsidized loan program on October 24, 2023 for Orange County homeowners building Accessory Dwelling Units (ADU). This program provides eligible homeowners with up to $100,000 to complete construction for rental ADUs for very low-income tenants. The loan is partially forgivable, deferred, and low-interest as long as the homeowner rents their ADU to income-qualified tenants for the first 10 of the 20 years. This program is made possible by a $4 million CalOptima grant received by the Trust and is a smart investment to quickly bring affordable housing options

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