housing

Adding a backyard home in Los Angeles is now nearly as easy as buying a barbecue.

Homeowners who for years have wanted to build a granny flat in their backyard, but dreaded the red tape, can now choose from 20 pre-designed homes that the city has already approved for use.

The shift, made official last week, will speed up a weeks-long process and bring more badly needed units to an overpriced market. It also has the potential to elevate the 14 startups and firms building the next generation of homes.

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Today:

  • LA Bars, Gyms and Salons Go Dark Again
  • Fisker set to go public with $2.9b valuation, EV SUV to roll out by 2022
  • Apple Allocates $400M to Affordable Housing in California
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Culver City-based United Dwelling, which aims to help alleviate California's critical housing shortage by helping homeowners turn their garages into stylish studio homes they can rent out to tenants, announced Tuesday it has raised $10 million in series B funding to be able to build more units.

"This is the biggest problem facing California," said Steven Dietz, founder and CEO, before pausing for a moment to add: "Well maybe it's the second biggest problem right now."

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