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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this Mission affordable housing project was estimated to be $889K per unit back in 2015 http://www.socketsite.com/archives/2015/07/citys-land-purchase-to-build-889k-affordable-apartments-approved.html … but the city had to pay like $250K per unit in land costs.
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That’s a tough example for sure. I prefer using this one: https://missionhousing.org/mhdc_project_type/1950-mission-2/ …
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