New Federal Housing Administration policies expand financing for Accessory Dwelling Units, supporting the City of Asheville’s housing policy
The city announces that the Federal Housing Administration (FHA) just released a new policy that now expands access to mortgage financing for homes that have or will include Accessory Dwelling Units (ADUs). ADUs are also known as backyard cottages, mother-in-law suites, basement apartments, ancillary units, carriage houses, and garage apartments. The City of Asheville supports ADUs as a way to spur the development of more affordable housing options and promote diversity in the types of housing choices available for residents.
