
California Assembly Bill 1033 (AB 1033), also known as the Accessory Dwelling Unit (ADU) Condominium Conversion Act of 2023, is a law that allows accessory dwelling units (ADUs) to be sold or otherwise conveyed separate from the primary residence. This means that ADUs can now be owned as condominiums, which could make them more affordable and accessible to a wider range of people.
AB 1033 was signed into law by Governor Gavin Newsom on October 11, 2023, and will take effect on January 1, 2024. The law is intended to help address the shortage of affordable housing in California by making it easier to build and sell ADUs.
Here are some of the key provisions of AB 1033:
- Allows local agencies to adopt ordinances to permit the separate conveyance of ADUs and primary dwelling units as condominiums.
- Requires local agencies to adopt ordinances that allow for the creation of ADUs in areas zoned for residential use.
- Makes conforming changes to the Planning and Zoning Law and the Subdivision Map Act.
AB 1033 is expected to have a significant impact on the California housing market. By making it easier to build and sell ADUs, the law could help to create more affordable housing options for people of all income levels. Additionally, the law could encourage the development of more mixed-income communities.
Here are some of the potential benefits of AB 1033:
- Increased supply of affordable housing
- More mixed-income communities
- Greater housing options for older adults and people with disabilities
Here are some of the potential challenges of AB 1033:
- Potential for increased gentrification in some neighborhoods
- Need for more affordable financing options for ADUs
- Need for more education and outreach to homeowners about ADUs
Overall, AB 1033 is a significant piece of legislation that could have a positive impact on the California housing market. The law is expected to help to create more affordable housing options, encourage the development of more mixed-income communities, and provide more housing options for older adults and people with disabilities.