Rep. Sam Liccardo introduced bill H.R. 4479, the SUPPLY Act, to establish federal financing pathways for accessory dwelling units (ADUs) to address housing shortages. ADUs include units like converted garages and basement apartments, contributing significantly to housing supply in California. Currently, banks typically do not lend for ADUs. If the bill is passed, federal housing agencies could back loans, making them less risky. Supporters emphasize the bill's potential to aid homeowners and improve housing affordability, with bipartisan backing highlighting its community economic benefits.
This bipartisan bill gives families the chance to invest, grow equity and strengthen our local economy.
Millions of homeowners want to have backyard homes - maybe to rent out and provide a naturally affordable supply of housing.
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