Boondoggle? An LA “Affordable Housing” Plan comes to $497k/unit

Weingart Center plans first high-rise homeless housing for L.A.’s skid row – LA Times

“18-story, $138-million apartment tower with 278 units of affordable housing, most of them for the chronically homeless.” One wonders what the annual operating expenses will be!

http://www.latimes.com/local/lanow/la-me-ln-skid-row-highrise-20171211-story.html

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