More California, for real.
Under the program the county would lend $75,000 to homeowners to build a backyard house or $50,000 for a garage-type renovation for up to six units. Loan principal would be reduced for each year a formerly homeless person occupies the unit.
After 10 years, the loan would be forgiven and homeowners would be free to do as they want with the building. Imagine the sales pitch if that homeowner ever tries to sell his home including a homeless hut out back.
To gauge interest in the idea, the county reached out to 500 homeowners. Less than one-in-five expressed interest. County officials pronounced that overwhelming. So, as you can see, the program is moving ahead, whether it’s realistic or not.