[via] Rural Studios
The 20K Home project began in 2005 as an ongoing Rural Studio research project to address the need for affordable housing in Hale County, provide an alternative to the mobile home, and accommodate potential homeowners who are unable to qualify for commercial credit. The 20K Home project gets its name from the highest realistic mortgage a person receiving median Social Security checks can maintain. The objective of the Rural Studio students is to design and build a model home that could be reproduced on a large scale by a contractor and built for $20,000. Rural Studio has designed seventeen versions of the 20K Home with costs of approximately $12,000 for materials and $8,000 for contracted labor and profit.