During these tough times, many startup companies are pitching in to help deal with some of the unprecedented problems we’re dealing with. From tracking apps that can tell whether you’ve made contact with someone infected with coronavirus to a bracelet that vibrates when your hands are too close to your face, the current pandemic has spurred many new and innovative solutions. Recently, a California-based startup has offered a solution for another problem our nation is facing – a lack of affordable housing, particularly in states like California. The company is proposing to turn people’s garages into tiny homes and will pay them upwards of $500 a month.
United Dwelling is the California startup company behind this revolutionary concept. Tiny homes, of course, have been becoming more and more popular in recent years particularly due to the rise in housing prices. But this is the first time that a company has proposed converting people’s garages and unused backyards into tiny livable spaces. The startup plans to rent out these tiny homes to tenants for $1,300 to $2,000 a month, depending on the home’s location. The 369-square-foot studio homes will come equipped with a kitchen, a private patio, and laundry facilities.
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The California-based startup company is partnering with communities and homeowners to make this creative solution a reality. United Dwelling would divide the rental income with the homeowners, who would potentially make anywhere from $500 to $1,500 per month. The exact figure would be determined by the average median income in their neighborhood. Potential tenants would be vetted by both the startup and the homeowner.
California has long been suffering from an affordable housing crisis. This latest solution would not only immediately increase the supply of affordable homes but it would also gradually lower the cost of housing in the state in general. United Dwelling’s solution accomplishes two things: Most importantly, it offers an inexpensive housing option for the many people who need it. Additionally, the solution grants homeowners an extra income at a time when thousands are facing unemployment, due to the current pandemic.