TroglocratsRdumb
Diamond Member
- Aug 11, 2017
- 36,137
- 46,242
- 2,915
The city of Los Angeles is spending up to $837,000 per person as part of a $1.2billion project to home the region's sprawling homeless population.
An audit has found 14 per cent of the units built exceeded $700,000 each, and one project in pre-development is estimated to cost almost $837,000 per unit. The audit arrives at a time when homelessness is a dominant issue in the city's mayoral election, with a large field of candidates promising to do more on an issue that has placed Los Angeles in an unwelcome national spotlight.
www.dailymail.co.uk
Comment:
$837,000 at 4.1% interest could provide a homeless person with $48,000 per year for 30 years.
The homeless person could rent themselves an apartment and have plenty of money left over to live on.
Why is it costing so much for LA to build homeless housing and why is it taking so long?
An audit has found 14 per cent of the units built exceeded $700,000 each, and one project in pre-development is estimated to cost almost $837,000 per unit. The audit arrives at a time when homelessness is a dominant issue in the city's mayoral election, with a large field of candidates promising to do more on an issue that has placed Los Angeles in an unwelcome national spotlight.
LA is spending up to $837,000 on a single housing unit
The city of Los Angeles is spending up to $837,000 on houses for its homeless as part of a $1.2billion project to home the region's sprawling homeless population.
Comment:
$837,000 at 4.1% interest could provide a homeless person with $48,000 per year for 30 years.
The homeless person could rent themselves an apartment and have plenty of money left over to live on.
Why is it costing so much for LA to build homeless housing and why is it taking so long?
