20K House In The WSJMonday, July 18, 2011
The WSJ ran an article this weekend about the $20k houses the Rural Studio is designing and building:
For many people with modest incomes, trailers are the only real option for home ownership. But trailers deteriorate quickly and depreciate over time. Six years ago, the Rural Studio, a program based in western Alabama and run by Auburn University's architecture school, launched the $20K House Project, with the goal of producing a model home for $20,000. (At that cost, the resident's monthly payment would be about $100 under the federal Section 502 Direct Loan program.) Last month, a team of four postgraduate students completed the latest home, the 10th one developed by the project.