Breaking Down Senate Bill 9 - SB9
- Alex Psarakis
- Oct 29, 2021
- 1 min read
SB 9 law allows people who own single-family homes to add a second unit on their property, either by constructing a new building or turning an existing house into a duplex. In addition, they can split a lot in two, with two units permitted on the second lot and allowing these to be sold separately. Historic districts are one of the areas where you cannot use SB9.
The bill would require an applicant to sign an affidavit stating that they intend to occupy one of the housing units as their principal residence for a minimum of 3 years from the date of the approval of the urban lot split, unless the applicant is a community land trust or a qualified nonprofit corporation.
A few things to consider:
1) Property Taxes
- It is believed that the county will assess the value of the new construction but there will not
be a reassessment of your existing property.
2) Shortage in labor and materials
- With a shortage in labor and materials and such a high demand, it is hard to think we will actually see the effects of this bill in the next year or two. As long as the cost to build stays high that cost will translate to the buyer and prices will remain high in the short term, not really solving the affordable housing issue.
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