Why is affordable housing so expensive to build in Los Angeles? It’s all about the money — where it comes from and how long it takes to get it. Some developers are changing the traditional funding model to save on time and costs.
Affordable housing expensive to build. Some developers are doing it for less
This eight-unit bungalow court project in the Vermont Knolls neighborhood, when it’s finished in May, will house formerly homeless tenants. At about $225,000 per unit, its budget is roughly half of what a typical affordable housing development costs. Photo by Anna Scott/KCRW.
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