I probably won’t actually submit my idea to the Chicago Prize, a $10 million grant competition to revitalize neighborhoods, so I’m posting it here for everyone to read.
Basically, I want to use the $10 million as seed money to start a small organization that does design, construction administration, and property management to help homeowners build 1,000 accessory dwelling units in the form of new construction detached rear houses, attached rear houses, and renovated basement and attic units. $10 million won’t build that many, so there will be a small finance team to assemble additional grants as well as collect money through a crowdfunding initiative so anyone with $50 or more (up to $1,000) can invest in the program.
Read my full idea to crowdfund 1,000 ADUs (it’s about 5 pages long).
