Affordable housing in California now routinely tops $1 million per apartment to build
LA TimesMore than half a dozen affordable housing projects in California are costing more than $1 million per apartment to build, a record-breaking sum that makes it harder to house the growing numbers of low-income Californians who need help paying rent, a Times review of state data found. Previously, The Times identified one other — much smaller — proposed affordable housing development in California that eclipsed $1 million per apartment to build. The three San Francisco projects costing more than $1 million per apartment will rebuild 310 units from the city’s public housing stock, which has deteriorated over decades. “Each one on its own is worthy, and added up all together, they start to make an impact.” Though the price tag for low-income housing in Greater Los Angeles has not reached $1 million per apartment, it’s also rising.
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