Developer Kelvin Young sought to create a tiny house community in northwest Charlotte, North Carolina that offers affordable housing for first-time homebuyers and those looking to downsize.
If fully built out, his development, Keyo Park West, would consist of 56 homes with the smallest totaling 500 sf, selling for $89,000. Median home price in Charlotte is roughly $190,000. Some in the community are concerned that the tiny houses will negatively impact their property values, while Young argues that unlike mobile homes, houses in his development are built on conventional foundations and trailer park regulations do not apply, The State reports.
Young, a former self-described house-flipper, doesn’t own most of the land. It’s owned by Sackville Currie and Malvina Currie, who have a Fort Lauderdale address. Young said he owns the piece of land where the first tiny home was built and recently acquired the other two parcels. He said he will buy the others when contracts are signed.
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