It cost the San Francisco city government $323,071 to acquire or rehab a single affordable housing unit last year. Not build new, because that’s more expensive, but just acquire and rehab. 83,733 very low- to low-income households applied for 1,025 rentals in 2017.https://twitter.com/apmortgagemarin/status/1004728516922040321 …
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sources -- from federal LIHTC to state funding to city bonds/housing trust fund, whereas a private developer can just raise funding quickly from a small number of LPs. Then B) affordable housing has a lot more govt-mandated requirements around amenities like community space
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which isn't free and can tack on tens if not hundred+ thousand dollars in cost. Ask
@sammymoss425 and@markasaurus if you want to know more. - 4 more replies
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