Tempe pursues small homes project for affordable housing
TEMPE, Ariz. (AP) — Tempe's desire for affordable housing has the Phoenix suburb turning to a development company that plans to build a dozen one-bedroom, two-story homes on a small parcel of city-owned land.
The Arizona Republic reports the city that's home to Arizona State University's main campus is working with the Newtown Community Development Corporation to build a community of 600-square-feet (56-square-meter) homes near downtown.
The bungalow-style residences would be larger than the minimalist "tiny homes" that started becoming trendy several years ago.
Current estimates price the homes at about $130,000, but officials say the company is looking for ways to get the price closer to $100,000 or less.