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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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. -
in SF,
@markasaurus calculated last year it was $714K per unit for market-rate, not including contingencies, project management or delays if the entitlement took years. - 3 more replies
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