ADU loan program has $100,000 for OC homeowners who rent to low-income tenants
“While there are myriad ways to finance such construction, at the top of my list is the Orange County Housing Finance Trust. The nonprofit’s program — which came online Oct. 24 and is only for Orange County homeowners — finances construction loans for up to $100,000. And there are no monthly payments. Homeowners won’t need to make any interim payments, either. What borrowers will face is a balloon payment 20 years later.”