Housing Affordability Through Small Homes, with Nichol Beckstrand, YardHomes Minnesota
Nichol Beckstrand, YardHomes Minnesota YardHomes Minnesota uses a prefabrication approach and an innovative financing model to create affordable housing. YardHomes Minnesota is creating housing affordability by building and maintaining accessory dwelling units (ADUs). “We are a startup that focuses on delivering ADUs in Minnesota as a method of housing,” Nichol Beckstrand explains. “ADUs are tiny houses designed to be permanent living spaces. The problem we set out to solve is housing affordability.” Under its Y-HELP program, YardHomes installs an ADU on an existing residential property owned by a partner. YardHomes holds and manages the ADU for ten years, offering it as an affordable rental unit for low-income tenants. Each month,…
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