SDHC ADU Finance Program

About This Program

The SDHC ADU Finance Program offers construction-to-permanent loans up to $250,000 at a 1% fixed rate during construction, converting to a 4% fixed rate for a 15-year permanent loan to help City of San Diego homeowners build accessory dwelling units. Borrowers must agree to rent the ADU affordably for seven years to tenants earning up to 80% AMI. Income limit is 150% AMI ($236,600 for most households).

Income up to 150% AMI; minimum 680 credit score; property must be detached single-family in City of San Diego; max 75% LTV

Key Details

• Construction loan at 1% fixed; permanent loan at 4% fixed for 15 years
• Must rent ADU affordably for 7 years (≤80% AMI tenants)
• City of San Diego properties only — detached single-family homes
• Income up to 150% AMI (~$236,600); minimum 680 credit score
• Apply online at adu.sdhc.org; $2,500 application fee at approval

How to Apply

Deadline: Rolling