Granny flats to provide affordable housing

A new startup pays the upfront cost of a backyard dwelling in Portland US in exchange for some of the rent it generates. Portland has a paralyzing shortage of affordable housing that officials believe more granny flats/accessory dwelling units (ADUs) could help address. Homeowners are embracing the idea: ADUs are popping up faster there than anywhere else in the US. But financing a full-fledged secondary housing unit is out of reach for many homeowners.  Dweller, a startup aimed at helping more homeowners afford ADUs, pays the cost of purchasing and installing one-size-fits-all prefabricated ADUs in backyards. Third-party property managers rent out the unit to long-term tenants, and Dweller splits the revenues 70-30 with the homeowner, as if the company is leasing the land. https://www.citylab.com/equity/2018/03/portlands-granny-flats-get-an-affordable-boost/555083/

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