People all over are building tiny houses because they’re affordable, can be built quickly and some just want to live a minimalist lifestyle. And in Detroit, there’s a whole neighborhood of tiny homes being built for the purpose of giving homeless and low-income people the chance to own their own home.
The project is headed by a local nonprofit group called Cass Community Social Services and they plan to build 25 single-family homes between 250 and 400 square feet. So far they’ve finished one and have plans to get six more built before the end of the year.
And this is the first tiny house community in the country where residents can rent to own. When residents move in, they’ll sign a one-year lease and the rent will not be more than a third of their monthly income. If they pay on time, they’ll sign annual leases for three years, then sign a land contract that equals the total rent for four more years. When that’s paid off, seven years after moving in, they’ll own the land and the house. Pretty amazing!
Source: Business Insider