Rural Studio Develops $20,000 House


Rural Studio is at it again. Journalist Oliver Schwaner-Albright tips us off to an article he wrote for the FT weekend edition. The studio is designing a prototype for a house that will be built for $20,000, including labor and materials, so that they can take advantage of a federal loan for the rural poor. The idea is to build decent housing that a person living on public assistance could actually own -- a $20,000 mortgage is met with $64 monthly payments. Brilliant.


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