Published at Sunday, April 22nd, 2018 - 14:41:04 PM. . By Fernande Jeannette.
Once tenants move in, they pay minimal rent and utilities (e.g. $300 a month rent for a 300-square-foot home and an estimated electric bill of less than $35 per month). After three years, tenants are offered a contract to rent to own their homes within four years. This lengthy process is designed to help residents become disciplined about bill paying and the responsibilities of home ownership.
Renting to Own. In one month’s time, CCSS received 122 applications to rent the first 25 tiny homes. At least half of the renters selected are formerly homeless people, and the rest are low-income seniors and college students, Fowler says. A couple of low-income Cass staff members were also accepted into the program.
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