Abodu Abodu is an Redwood City, Calif.-based startup which manufactures and distributes prefabricated backyard houses it is planning to launch in the Seattle region.
The company has opened an headquarters in the city of Seattle and is expanding its Seattle-based workforce. The company’s first venture beyond California which is where it built more than 100 homes to 35 cities in the northern and southern regions of California.
The company offers detached accessory dwelling units also known as DADUs that are distinct living spaces located on the exact same land as an existing home. The properties have to be approved and endorsed by the city to be legal. The prefabricated DADUs are among 10 design concepts which were approved and approved by Seattle officials.
Seattle has permitted DADUs in single-family areas since 2010, however, neighborhoods have been not quick to embrace these types of structures. To increase the affordable housing options Local lawmakers approved the legislation in July 2019 to eliminate regulatory hurdles for these kinds of structures.
Due to Seattle’s policies and the relatively under-exploited market Abodu’s move to Seattle and the Pacific Northwest was a “no-brainer,” said Abodu’s CEO and Co-Founder John Geary in an interview with Economic pitch
He added that at present, there are no other businesses that focus exclusively on creating and delivering the DADUs. Other companies like Blokable, a Seattle-based company Blokable is building prefabricated structures in all sizes the founder said.
The economists believe that increasing the supply of housing in the market is an essential solution to the housing affordability crisis that is affecting the nation. However, plans to increase density with multi-unit dwellings apartments or townhouses typically are met with resistance by NIMBY groups.
Geary an ex-consultant for Bain & Company, said that DADUs are becoming a more popular option for lawmakers as they bring “gentle density” to neighborhoods that is, they provide more housing space without disrupting the initial zones of the neighborhood.
The DADUs, however, have encountered resistance from local residents previously. In the past, when Seattle legislators pushed for a loosening of restrictions, a group of neighbors created legal roadblocks because of the fear that increasing density might affect parking and neighborhood style.
When asked about the reaction the DADUs have received from their neighborhoods, Geary said it has generally been positive, despite some “push and pull.”
“It’s not changing the fabric of the neighborhood,” he added. “It’s adding a unit of housing that is out of the public view, off the street, and in backyard spaces that are typically unused.”
Geary acknowledged that one of the challenges to overcome is the fact that Washington isn’t able to establish a general framework for the regulation of the additional housing units. The laws in Seattle might be different from those in nearby cities such as Kirkland or Renton according to him.
The three models that are compliant with Washington state’s building code includes a 340-square-foot studio and a 500-square foot home that has one bathroom and bedroom and a 610 square foot unit, which has two bedrooms and a bathroom. Each design includes an open kitchen and living area. Prices start at $228.900, excluding the cost of taxes, fees and work that is site-specific. The company states that on-site construction is between four and six weeks.
In 2018, the company was founded in 2018 by Geary along with his previous Bain & Company colleague Eric McInerney, the startup has raised $25 million in equity capital up to date through Norwest Ventures, Initialized Capital and Redfin CEO Glenn Kelman, as well as other.