Housing laws

California housing laws we finance.

New laws and new ways to build let one lot hold more homes. We already did the reading, so you don't have to explain the law to your lender. We finance these projects from land to vertical construction, whether you build to sell or to rent.

SB 684 · SB 1123 · SB 1116

Up to 10 homes on one lot

No public hearing. 60-day decision. Expanded in 2027.

Official text: SB 684 · SB 1123 · SB 1116 ↗

AB 956

House plus up to 3 ADUs

1 converted + 2 detached, from 2027.

Official text: AB 956 ↗

AB 1033

Sell the ADU as a condo

In cities that have opted in.

Official text: AB 1033 ↗

SB 1211

Up to 8 ADUs on apartment lots

No change to the units already there.

Official text: SB 1211 ↗

Modular · Panelized

Factory‑built homes

Loans built around your manufacturer and timeline.

Eligibility depends on the site and the city. Housing-law information is general, not legal advice. Talk to us about your project.

What's possible

The same lot, under each law.

SB 684 · SB 1123 · SB 1116

Up to 10 homes on one lot

1 STREET Today
12345 678910 SHARED DRIVE STREET New law

One eligible lot becomes up to ten homes, approved without a public hearing. Expanded for applications from 2027.

AB 956

House plus up to 3 ADUs

HOMESTREETToday
ADUADUHOMEADUSTREETFrom 2027

One converted ADU and two detached ADUs, alongside the house. Starts in 2027.

AB 1033

Sell the ADU as a condo

ADUOwner AHOMEOwner ASTREETToday
ADUOwner BOWN APNHOMEOwner ASTREETOpt-in city

The ADU gets its own APN, deed and financing. Only in cities that have opted in.

SB 1211

Up to 8 ADUs on apartment lots

PARKINGSTREETToday
ADUADUADUADUADUADUADUADUSTREETNew law

Detached ADUs on the same lot, never more than the number of units already there. No change to the existing units.

Modular · Panelized

Factory‑built homes

Built in sections at the factory, then set on your site. Loans built around your manufacturer and timeline.

123Factory
STREET312Your site

Simplified sketches, not to scale. Eligibility depends on the site and the city. Housing-law information is general, not legal advice.

We see it often

Where these projects stall.

Buying the land first.

Few lenders will finance land on its own. We finance entitled land, then refinance into construction when you're ready.See land loans →

Building more than one home.

Many lenders want a separate loan for each home. We can finance the whole project with one construction loan.

Every stage

One lender, from land to finished homes.

  1. Buy the landEntitled land, or a property you plan to redevelop.Land loans →Bridge loans →
  2. Get approvalsHold the site while plans and permits come through.Land loans →
  3. BuildOne construction loan for one home or many, with draws as you build.Construction loans →
  4. Sell or holdTime to sell the finished homes, or lease them up.Bridge loans →

How a loan works

  1. 1Send the projectThe address, what you want to build and your budget.
  2. 2Talk it throughWe go over your plan and the options with you.
  3. 3Get a term sheetClear terms built around your plan.
  4. 4Close and buildClose on a timeline that fits your strategy. Draws funded in 2–3 business days.

Send us the project. We'll show you how we can support your vision.

Share the address and what you're planning.

Request a Term Sheet