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Can tiny-home mortgages fix California’s housing crisis?

Posted on AllSides June 20th, 2024
From The Left
Samara

A startup that spun out of Airbnb to manufacture tiny homes at a factory in Mexico is launching a mortgage product it hopes will relieve California’s housing crisis.

Samara, which raised $41 million in 2023, is now getting into the financing business. It will start offering a mortgage that lets homeowners take equity out of their primary house to install backyard units, technically called accessory dwelling units, or ADUs.

The company is providing a financing and logistics shortcut for what is perhaps the central policy challenge facing both political parties:...

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https://www.semafor.com/article/06/20/2024/can-tiny-home-mortgages-fix-californias-housing-crisis

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