The way Redwood's Second Suites program works, homeowners approach us to create a legal second suite in their homes, or bring an existing unit up to code and registered. We work with Community Builders to provide this service. The homeowner then can choose to rent the unit themselves, or rent the unit to Redwood at an affordable rate. If the landlord rents to Redwood, then we do all the work of furnishing the unit, finding a tenant, collecting the rent, enforcing house rules, and providing support. The homeowner has extra income, and the tenant has a safe, hopeful, affordable place to live. Win-win!
What we couldn't have foreseen when this program launched in 2015 was the profound impact this arrangement would have on both homeowner and tenant. Some of our Second Suites landlords have become valued members of our family support team, building close friendships that last long after tenants have moved out. Some of our families have regular dinners with their upstairs neighbours, taking turns cooking and sharing baked goods. Their children grow up playing together.
When we open up our hearts and homes, incredible things happen!
Second Suites landlords are attracted to the program for lots of reasons.
Redwood Second Suites is just one way that we can increase affordable housing options in our city - but the thing that makes it unique is that it is something regular citizens can do, right now, no large capital campaign or millions of dollars needed.
To learn more about if Redwood Second Suites is a good fit for you, visit our Second Suites page and take the questionnaire.
Not interested in having a Second Suite in your home, but want to support these efforts in providing hope through housing? You can make a donation here!