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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Three Years And Zero Homeless Housing Units Later, LA’s Auditor Looks At Prop HHH Money

By LAist Staff

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Homeless encampments in Koreatown, photographed June 29, 2019. (James Bernal for LAist)

The city of Los Angeles is spending more taxpayer money than expected to build fewer apartments for the homeless. That’s the conclusion of a new audit of Proposition HHH, the 2016 bond measure that was intended to fund 10,000 new units of supportive housing for people experiencing homelessness.

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