Questions? Email us at adu@hppcares.org

Accessing CALHFA 40k ADU Grant Funds

Watch the video, review the information below, choose cash/financing and complete the application.

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ADU Grant Program | CalHFA

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How To ADU by HPP CARES Design Finance Construct Lease Protect Educational Webinar

New options available for you to fund your ADU Project. As a new CALHFA preferred participant on the list, HPP CARES is now offering the CALHFA 40K ADU Grant. We are also pleased to offer you two funding options.

Financing

You will need to qualify for loan financing (Home Equity Line of Credit (HELOC), Second Mortgage, Cash Out Refinance). All proceeds of the loan must be placed in a managed escrow. Upon funds and being placed in managed escrow, we will add the CALHFA 40K ADU GRANT funds. All funds will be disbursed according to the completion of the phases of your ADU project, being overseen by our HUD Certified Inspectors. No money will be given directly to the homeowner. If there are remaining funds upon completion of the project, those funds will go toward rate reduction or principal reduction. Please complete an application in its entirety in order to get started.

Cash

With cash from savings, Home Equity Line of Credit (HELOC), Cash Out Refinances, or a loan from family/friends, you can now finance your ADU project. If this is an option that you are looking to pursue, be advised all funds must be placed in a managed escrow account. Upon funds being received, CALHFA 40k ADU GRANT FUNDS will be wired into the same managed escrow account where, as the phases of your project are completed, the funds will be distributed. All projects will be overseen by HUD Certified Inspectors. If there is a surplus of funds upon receipt of Certificate of Occupancy, the remaining proceeds will be refunded. Please complete an application in its entirety in order to get started.

Combination Cash and Finance

Please note this would be a combination of both cash and finance. Please complete an application in its entirety in order to get started.

We would like you to be aware that the CALHFA 40k ADU GRANT FUNDING is taxable, so please consult a tax adviser before proceeding. Participants in the CALHFA 40k ADU GRANT FUND must be owner occupants (names must appear on deed) and not exceed the income limit for their county (that is for Loan Financing and Cash Funding your ADU Project). To ensure successful submissions, please refer to the additional guidelines and requirements.

For ADUers that have completed their ADUs.

For investors who want to access the grant funds. For property owners who own multiple single-family homes, or multi-unit buildings and wish to access the grant funds. Complete the short information form. We hear you! We are collecting the data to discuss with the State Representative.

financing

You are looking to qualify for a loan such as a Home Equity Line of Credit (HELOC), Second Mortgage, or Cash Out Refinance. Please be advised that you must meet the income guidelines set by CALHFA 40K ADU Grant Fund, along with being the owner occupant on the deed of the single family home and owner occupied multi family unit 1-4 unit.

Complete Application

Cash

You have available cash. The cash may be proceeds from a previous loan (Home Equity Line of Credit (HELOC), Second Mortgage, Cash Out Refinance) or from savings, family/friends, 401K/IRA, etc.

Please be advised that you must meet the income guidelines set by CALHFA 40K ADU Grant Fund, along with being the owner occupant on the deed of the single family home and owner occupied multi family unit 1-4 unit.

Complete Application

Requirements for CALHFA 40K ADU GRANT

  1. 1 Owner Occupied
    (deed holder)

  2. 2 Income below limit amount according to County

  3. 3 Single family home and owner occupied multi family unit 1-4 unit

Important Links

Frequently asked questions

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CALHFA ADU grant funds

Education

Interested in learning how to ADU? Let us show you how in our webinar: How to ADU: Design. Finance. Construct. Lease. Protect.

Note: This free educational webinar does not go into specifics about HPP CARES’ new program. In the near future, we may have an educational webinar that provides details on the program. This website and potenttionally a future webinar will provide specifics about our program. Enroll now

Getting started

Select an option below, schedule an appointment and complete the registration packet.

We understand you may have already submited a registration packet because you may have attended our How To ADU educational webinars. Yes we need this new one completed entirely.

Step-by-step guidance

No matter what your needs are, access to quality, unbiased information is your right. Follow along as we provide essential information and resources to guide you at every stage of your journey.

Progress

HPP CARES CDE's accomplishments these past few years have been significant and all-encompassing; striving to advocate under the National Coalition for Equities’ umbrella to maintain a powerful community voice among the Federal and State regulators and major private sector corporations to address public policy issues, and to focus on the wealth & income inequality affecting affordable homeownership and small business growth. With the NCFE, HPP CARES CDE’s outreach efforts have led to an increase in corporate social responsibility and consumer protection. We have been able to reach more people, collaborate with more companies, meet with more regulators, all in the name of helping deserving individuals become sustainable homebuyers, successful small business owners, protected consumers and empowering California communities. HPP CARES CDE is at the forefront of helping people of color become partners in our mission to reduce income and wealth inequality and build stronger futures for all minority groups.