I hope you are all well this new year,
that your homes are dry and families snug.
Some folks were not as lucky as others so a big shout out to our
Big, Big Changes
in Support of
Starting this month, a new law goes into effect in regards to secondary units. Governor Brown signed SB 1069 intending to encourage infill development in response to the lack of housing options and ever increasing rents across our state. Each locality will be able to make their own additions to the law while encompassing the new standards.
For example, water and sewer agencies would be prevented from charging hookup fees for ADUs built within an existing house or an existing detached unit on the same lot. Local agencies also cannot impose parking rules for certain ADUs.
And folks won’t have to wait as long! Cities now have a mandatory 120 day deadline to review applications whereas before they had no deadline.
“Its the biggest thing that has happened in 15 years to relieve some of these barriers and return power to the homeowner”, says Senator Wieckowski, author of the bill.
Sonoma County is in the process of revising their secondary unit ordinance and plan on having something finalized by the end of the month. One highlight worth mentioning is that although state law only mandates these changes in residential zones, unincorporated Sonoma County is aiming to include more zones (agricultural districts, etc).
I am also happy to talk more about this with you and help navigate any changes you may be considering.
A heart opening experience with Poetry, Passion, Live Music and Dervish Dance performed in the Ecstatic Tradition. Proceeds benefit the Sebastopol Center for the Arts & Center for Climate Protection.
Matinee Show at 2pm
Evening Show starts at 7pm with an Optional Feast at 5pm
Bodega Bay Fresh Crab
All You Can Eat, Wine Included
**Benefits West County Teacher Grants**
February 11 | 1st Seating at 5pm | 2nd Seating at 7pm
Stay tuned for a film schedule coming soon.
I’m excited to be supporting the festival this year as the guest/host coordinator. Many of the directors of the films we feature are so warmly hosted by local families during their stay here. Many thanks to the hospitality and efforts of the people who make our small town event possible and oh so very delightful!
My recent activity in West County & beyond
Available In Town Lot
Not on the Open Market
Gently sloped .37/acre opens to spectacular eastern view shed
Includes City approved plans for a custom designed Mid-Century Modern Architectural home with a net zero energy goal.
Listed at $459,000
2 Beds / + Den / 2 Baths / Nearly 1,300 SF
Listed at $825,000
Sold at $813,000
Prime Downtown Petaluma Commercial Location
What’s going on with interest rates?
Thank you, Jackie!
Recent news indicated that the new administration suspended the proposed reduction in FHA Mortgage Insurance. Although the reduction would have been a welcome improvement, FHA remains one of the most flexible programs available for purchase or refinance of a primary residence. What makes FHA home loans the right choice for some borrowers?
- Credit scores as low as 550 allowed
- 3.5% downpayment, all of which may be a gift from family or relatives
- No cash reserves required (many loan programs require 2-12 months of reserves in the bank)
- No waiting during or after a Chapter 13 bankruptcy in many cases
- Shorter wait times after Foreclosure and Short Sales than most other loan programs
- Coborrowers allowed, even if they don’t live in the home
- Credits from seller allowed to cover actual closing costs, up to 6% of the home’s purchase price
- May be combined with downpayment assistance programs to reduce or eliminate downpayment requirements
- FHA to FHA refinance may require very little documentation, and an appraisal may not even be required
- Loans may be structured with a lender credit to cover some or all closing costs
For borrowers with good credit and income, there are several other low downpayment programs which can provide even better value and more flexibility than FHA financing. For more information about low downpayment homebuying options in Sonoma County or anywhere in California, please contact me at jackiecuneo.com or 415-948-5390.