New York's ADU Revolution: The Plus One Initiative
Key takeaways
New York State has taken a proactive step by allocating $85 million to promote the construction of Accessory Dwelling Units (ADUs). This move is a part of the Plus One ADU Program, which was introduced in the state's 2022-2023 budget. Eric Adams ADU vision, has been in the workds for quite some time. It's a great response to the popular initiatives in cities like Los Angeles, and others along the west coast. As stated on the program's official page:
Plus One ADU will provide a full-service program to support low- and middle-income single-family homeowner occupants who wish to build a new ADU on their property or improve existing ADUs that need to be brought into compliance with local and state code requirements.
Financial Incentives for Homeowners
So how do NYC homeowners stand to benefit from the state's ADU initiative?
- Generous Grants: Homeowners can receive up to $125,000 in grants.
- Broad Allocation: The state aims to distribute the entire $85 million by 2028, meaning there is plenty of time to get in.
- Shared Eligibility: Grant eligibility is determined by the area's median income, ensuring the program's benefits reach a wide demographic, not just a select few.
First Round of Funding
The initial phase of funding has seen the distribution of nine grants, with amounts ranging from $500,000 to $2.6 million. These grants have been awarded to various local governments and nonprofit organizations, showcasing the state's commitment to a diverse and inclusive ADU adoption. And while the grants are first and foremost benefitting low income housing development, the same grants will apply to homeowners who want to bring up to code or even build new ADUs on their properties.
Zoning and Legislation
Despite the financial incentives, there are challenges on the horizon, particularly concerning zoning laws. While many cities have adjusted their zoning rules to accommodate ADUs, a bill with similar intentions did not pass the New York legislature. This highlights the need for continued advocacy and awareness to ensure the success of the ADU initiative.
Similar issues are faced by many in Los Angeles, where state laws were being undermined by local zoning laws, or simply by uncooperative city planning offices. But while this bureaucratic divide can be troublesome, it is clear the direction the state is headed.
Conclusion
New York's ADU initiative is more than just a policy; it's a reflection of the state's commitment to its residents. By offering financial incentives and promoting ADU construction, New York is not only addressing its housing shortage but also creating opportunities for homeowners to generate additional income.
For more details on the Plus One ADU Program and how you can benefit, visit the official program page.
