Rent-to-Own Tiny Houses for Low-Income Detroiters

…The houses will range in size from 250–400 square feet. Each house will look different, but will have similar amenities. This model house, seen above, is 300 square feet, and they’ll be building a deck on the back of it for additional living space.

Ford has contributed $400,000 to this project. A 300-square-foot home would cost about $48,000 to build, but that figure could decrease as more are built.

Residents will need an income to qualify for the project. A 300-square-foot home will cost $300 in rent each month, plus heating, which should only be about $32 per month in the winter. They’re using a rent-to-own model, with tenants graduating from a rental lease to a land contract, with potential full ownership rights of the home after seven years.

This is a first of its kind project in Detroit. Cass Community Social Services first worked with the city on appropriate zoning. They’re unsure of what the homes will be worth in the future, as there are no comparable properties in the area. There are over 300 vacant lots within a mile radius of this neighborhood, so they’re looking at this project as repopulating the neighborhood…

One Response to Rent-to-Own Tiny Houses for Low-Income Detroiters

  1. Anon says:

    wow…

    excellent.

    seems like someone has their head screwed on right

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