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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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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Governor's budget summary said it's $591K per affordable unit in the city. Is that wrong, or are there just a few high profile projects that go a lot above? http://www.ebudget.ca.gov/2017-18/pdf/BudgetSummary/HousingandLocalGovernment.pdf …pic.twitter.com/v11I3U1DAS
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