Affordable housing expensive to build. Some developers are doing it for less

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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.

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.