If you live in Detroit and make only $10,000 a year, you still might be able to buy a newly constructed house. On two vacant blocks in the city’s northwest side, a new neighborhood of tiny houses was designed to help people living in poverty become homeowners.
Through a rent-to-own program, residents will pay $1 per square foot in rent each month. For a 250-square-foot house, for example, rent is $250, when a similar home in Detroit might normally cost twice as much. After a maximum of seven years, the house can be fully paid off.
Learn more (via FastCompany) >>