project athena tiny homes and micro apartments
TRANSCRIPT
Vision
Provide S.O.U.L.(tm) – ful experience for ArlingtonTX citizens and visitors
S.O.U.L. - Simplified Optimized Uncluttered Lifestyle
Mission
Provide high design and high function micro apartments and tiny houses for young artists
and professionals
Goal “East side” Micro-apartments
Source: http://www.wired.com/2012/11/san-francisco-micro-apartments/all/
Renter’s Equity
• Help Renters build equity to fund their dreams
• % of rent deposited into Special Account
• Renter’s Equity .vs. Rent-To-Own
Comparison Renter’s Equity Rent-To-Own
Expiration Period None 1 to 3 years
Fixed Home Price Nope Yes
Option Fee Nope Yes
Use of Equity Renter’s choice Renter’s home only
First Five Tasks
• Identify champions – folks wanting ArlingtonTX to participate in the trending creative economy
• Form working group to craft strategy, marketing, financing, admin & public relation
• Legal - Is micro-apartment within ArlingtonTX building codes
• Find a suitable house on the eastside
• Determine total cost of rehab