LA’s Homeless Housing Now Costs More Than Some Luxury Condos
The price tag for some of Los Angeles’ housing for the homeless is expected to hit a whopping $746,000 per unit, far more than the cost of building some luxury high rise condos in downtown.
That’s according to an audit to be released Wednesday morning by Los Angeles City Controller Ron Galperin, which was obtained by the NBC4 I-Team.
“It is not acceptable to me, nor should it be acceptable to any of the people of Los Angeles,” Galperin told NBC4.
Galperin’s audit examines the use of $1.2 billion of Prop HHH money overwhelmingly approved by voters in 2016.