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.