The city believes these tiny homes could be a solution to growing population and the need for affordable housing, especially for singles and two-person households, according to the article.
The mayor, Michael Bloomberg, invited developers to transform a Manhattan lot into a building of micro apartments with kitchenettes, a bathroom, and a dual purpose living room that also serves as a bedroom with a fold-out bed.
Right now there is a requirement in this area that new apartments must be at least 400 square feet but if this is a success the rule will be changed.
The article also states, “City planners envision a future in which the young, the cash-poor and empty nesters flock to such small dwellings — each not much bigger than a dorm room. In a pricey real estate market where about one-third of renter households spend more than half their income on rent, it could make housing more affordable.”
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