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Watch out Detroit – Here Come the Tiny Homes

September 29th, 2017

The tiny home craze has reached Detroit. Unfortunately Detroit has become known as one of the lowest-income areas in the United States. However, these tiny homes could offer the low-income families in the area, a chance at home-ownership – the American dream that has evaded many in this area for years.

These tiny homes, stretch from only 250-square-feet to 400- square feet and are sponsored by Cass Community Social services. These homes are part of an effort to rebuild the metro area after it became the largest US city ever to declare bankruptcy in 2013.  This non-profit organization has purchased 25 vacant lots and plans to build one of these tiny homes on each of them.  The city anticipates that it should cost between $40-50,000 to build each of these tiny structures.

The size of the homes doesn’t seem to be a deterrent to those looking to fulfill their dream. Hundreds of applications have been flooding the city with hopes to own one of the 7 that have already been built.

According to officials on the project, residents that “win” the opportunity live in one of these homes, will actually rent to own. They will be paying one dollar per square foot in rent.  Additionally, they will be required to take literacy classes and volunteer for neighborhood watch and in just 7 short years, they will own their own homes.

Executive Director Faith Fowler tells us, the program is meant to give these low-income families a ladder to success – she states “they’ve got to climb it, they’ve got to do the work, but we’re providing the ladder. It’s really about home ownership and the American dream for people who stopped dreaming.”


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    Disclosure © 2017 United Security Financial Corp. All Rights Reserved. We are not affiliated with any government agencies, including the VA, FHA, or the HUD. United Security Financial Corp, NMLS #94915, a lender approved by Fannie Mae, HUD, and VA to originate conventional, FHA, and VA mortgages. We are not the Department of Veterans Affairs or any other government agency. The Department of Veterans Affairs does not generally make mortgage loans to borrowers. United Security Financial Corp. is a direct lender originating home loans across the United States. Our primary lending offices are located at 930 E 6600 S, Murray, UT 84121.