LA’s $700,000 Homeless Housing Now Costs More Than Some Luxury Condos

LA’s $700,000 Homeless Housing Now Costs More Than Some Luxury Condos

By Joel Grover and Josh Davis • Published September 8, 2020 • Updated on September 9, 2020 at 1:58 pm
The price tag for some of Los Angeles’ housing for the homeless is expected to hit a whopping $746,000 per unit, far more than the cost of building some luxury high rise condos in downtown.

That’s according to an audit to be released Wednesday morning by Los Angeles City Controller Ron Galperin, which was obtained by the NBC4 I-Team.

“It is not acceptable to me, nor should it be acceptable to any of the people of Los Angeles,” Galperin told NBC4.

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