Micro homes are smaller than traditional homes and about half the price. The concept is a profitable passion project of an Atlanta native who is determined to boost Black homeownership in a city known for its Black excellence yet less than half own their own property.
Booker T. Washington is the founder and CEO of Techie Homes. He’s spent years working as a real estate developer and saw an opportunity to help the city’s predominantly Black population looking to buy a home more of a reality.
“I thought to bring a product that would provide innovation and density to include more people under the umbrella of homeownership, so I set path two years ago to develop that dream,” Washington said.
Washington connected with his business partner, co-founder & COO of South Park Cottages, Rashad Jones Jennings. Jennings said he too spent many years working in real estate.
As the housing market soared throughout 2020 and into 2022 before interest rates slowed home buying, home sales reached record highs. CNN reported the national median home sale price last year was “$386,300, up 10.2% from 2021 and the highest on record.” Washington and Jennings took notice of the housing market and a growing pool of potential buyers.
Based on the going rate of buying a home and knowledge of the average income of Atlantans, Washington and Jennings seized an opportunity using micro homes to enter the housing market.
“The average median income in Atlanta is $40,000. The math ain’t mathing, and that goes for homeownership and renting. A lot of people can’t afford homeownership or buy. It’s imperative we get innovative and come up with products like this and keep everything under $250,000,” Jennings said.
The micro home community is located in College Park just a few minutes away from Hartsfield-Jackson International Airport. The community has 29 micro homes, and all of them are sold, according to Washington.
The model home featured a…
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