Los Angeles is Spending Up To $837,000 for One Housing Unit for the Homeless

In 2016, voters in California approved a $1.2 billion program to build housing for the homeless. This is a fine idea, and Californians should be applauded for their compassion and generosity.But six years later, only 1,200 units have been built out of the 10,300 that have been paid for. One project under development would cost $837,000 for each housing unit, according to a report published by Los Angeles city controller Ron Galperin.
Another 14% of units exceeded $700,000 in cost.
The program “is still unable to meet the demands of the homelessness crisis,” Galperin said in a letter accompanying the 31-page report. The pace of development is slow, while the cost of each unit continues to climb — in some cases to “staggering heights.”
But Los Angeles Mayor Eric Garcetti thinks the program is working just fine.

Let’s be clear: Prop. HHH is producing more units than promised, at a lower cost than …

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