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Department of Housing and Urban Development (HUD) has shown that it’s paying attention to the emerging housing needs of an older population by creating programs that allow for age-minded home renovations. Reverse mortgage companies have also invested in their own home modification programs.
The combination of extremely high home prices and regulatory reform have turned this corner of the country into an ADU laboratory of sorts, with plenty of “formulas” being developed today to “grow” more desperately needed homes. Off-street parking will be determined by local municipalities and based on distance to public transit.
Based on the states estimated population growth, nearly 60,000 more housing units are needed between 2020 and 2030, while nearly 90,000 units are needed between 2020 and 2040. This is based on an estimate that some 52,500 households will be added between 2020 and 2030, or roughly 74,400 between 2020 and 2040.
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