$1M Per Unit 4 homeless

The apartment building, which will be built in Santa Monica and will be home to “122 apartments” and two levels of underground parking, will cost more than $123 million, according to the website for the City of Santa Monica.

A second design concept on the website found that the project could cost even more, totaling more than $200 million for 196 apartments.

“Moving forward in bringing affordable and permanent supportive housing to city-owned land is a key step in our strategy to fulfill our Housing Element requirement,” Santa Monica Mayor Phil Brock said in a statement. “I look forward to the next steps and ultimately seeing families move into these new homes and thrive.”

Construction on the apartment building would not begin until 2028, with the project estimated to be completed for residents to move in by 2030, according to the city’s website.

Santa Monica’s housing project comes days after a report showed that California Gov. Gavin Newsom’s (D) administration lost $24 billion in taxpayer funds since 2018 while the state attempted to address the homelessness crisis.

The report from the auditor of the state of California found several “gaps” in trying to account for how the money used to combat homelessness in the state was distributed between 2018 and 2023.

Grant Parks, the head auditor, said that the California Interagency Council on Homelessness (Cal ICH) had not been “consistently” tracking and evaluating the “State’s efforts to prevent and end homelessness.” --73.215.xxx.xx

$1M Per Unit 4 homeless (by NE [PA]) Posted on: Apr 23, 2024 8:44 PM
Message:

What are the true numbers? $100,000 per unit for the homeless bum and $900,000 per unit for the elected bum? --24.152.xxx.xx

$1M Per Unit 4 homeless (by 6x6 [TN]) Posted on: Apr 23, 2024 8:49 PM
Message:

How long will it take for each unit to be destroyed?

Would you end up with the same result if you just gave each homeless person 1M?

Will these tigers change their stripes?

When will we ever start over with a new government? Would that fair any better? --76.129.xxx.xx

$1M Per Unit 4 homeless (by Ray-N-Pa [PA]) Posted on: Apr 23, 2024 8:51 PM
Message:

Two levels of parking........that seems like a lot of parking for folks that are homeless.

Some of these folks could actually be currently living out of a car. So what happens if someone gets an apartment but still elects to live out of their car? --24.101.xxx.xxx

$1M Per Unit 4 homeless (by plenty [MO]) Posted on: Apr 23, 2024 9:03 PM
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Thinking the same as Ray... Parking? Free cars for everyone! Being homeless is being celebrated. My dad taught me something different. --172.59.xx.xxx

$1M Per Unit 4 homeless (by Jim [CA]) Posted on: Apr 23, 2024 9:07 PM
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It’s California, what do you expect we always pay triple what it’s really worth or more. --146.70.xxx.xx

$1M Per Unit 4 homeless (by Gene [OH]) Posted on: Apr 23, 2024 9:40 PM
Message:

If I were building housing stock for the population at the lower end of the financial spectrum, I would build them like my college dorm room. The walls were painted 12" concrete block. Indoor/outdoor carpeting. Through the wall heat and cooling system. The rooms were almost indestructible. The cost to build such a building would be less than building a normal apartment building and it would last much longer. --99.165.xx.xxx

$1M Per Unit 4 homeless (by 6x6 [TN]) Posted on: Apr 23, 2024 9:56 PM
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Gene, it seems the government thinks that everyone should live in luxury. That said, I would like to see what these units actually look like when finished. --76.129.xxx.xx

$1M Per Unit 4 homeless (by Robert,OntarioCanada [ON]) Posted on: Apr 23, 2024 11:12 PM
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In Stony Creek when there was Socialist Democratic in the province of Ontario. A developer was building a townhouse complete for $80,000 per unit where the identical townhouse units where costing $120,000 each. Every two weeks there was construction meet to be the builder was building property, Enough nails and so on. A developer would not want to have a bad name as that would effect future business. I heard some running the government housing are getting half million a year where you remember it is not their money. There is a lot corruption there where are kick backs. A lot purchases where not the best quality or long lasting like faucets. It is always more cost effective to let the private build then subsidize tenants who lower incomes or give incentives and tax breaks if rents were kept lower. --207.236.xxx.xxx

$1M Per Unit 4 homeless (by MikeA [TX]) Posted on: Apr 23, 2024 11:39 PM
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I guess the term "affordable" is being applied to what they are going to charge for rent not how many tax dollars will be spent. Did we not learn any lessons on building government housing from the 1970's?

Humanity repeating itself. There's nothing new under the sun.

Meaningless, meaningless, it's all meaningless.

--209.205.xxx.xx

$1M Per Unit 4 homeless (by mapleaf18 [NY]) Posted on: Apr 24, 2024 8:37 AM
Message:

Cabrini Green in perpetuity. --64.246.xxx.xx

$1M Per Unit 4 homeless (by zero [IN]) Posted on: Apr 24, 2024 9:05 AM
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All the extra parking spaces are considered rentals as well for those living in vehicles.

Now the cost per unit drops.

Math is fun. --107.147.xx.xx

$1M Per Unit 4 homeless (by Herkimer Schmidt [FL]) Posted on: Apr 24, 2024 9:36 AM
Message:

zero beat me to it as this is exactly what I was thinking.

I don't know what the answer truly is, but I'm pretty certain this isn't it. Something I have noticed over my life span is a good way to mess something up is have the government involved, or worse, run it. When you give a man a fish, he eats for a day. When you teach him to fish, he eats for a lifetime. Translate this to when you give a man an apartment..... --45.17.xxx.xxx

$1M Per Unit 4 homeless (by NE [PA]) Posted on: Apr 24, 2024 9:53 AM
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They don’t teach people to fish, because they don’t want independence. When the majority of people are independent, they are not needed. --174.240.xxx.xxx

$1M Per Unit 4 homeless (by Robert J [CA]) Posted on: Apr 24, 2024 11:51 AM
Message:

Back in 1996 thru 2000, I was a landlord, contractor, developer of low income units. All without assistance, programs or grants. This was in Koreatown area.

A friend of mine was doing the same in Downtown Los Angeles, a place called Boyle Heights.

The City had completed a large development and wanted other developers to compare their units to the City's. So I was a guest speaker in front of the Mayor, City Counsel and media. When it was my turn, I had the numbers handy. I got to speak until I mentioned the City's cost per unit. They I was pulled from the speaking area and thrown out like the trash.

The City boasted they build each unit for only $150,000. Wow, they thought. I spoke that I would purchased run down properties at a discount, and as a contractor, would do all of the upgrades and improvement in house, for almost 1/3 of the normal cost. My cost was around $40,000 per unit and without my labor, I'd sink another $10,000 per unit to bring it up to code and in a rent-able condition. So because I was a bear to the bone kine of guy, I could take a tired unit and after the face lift, would have a turn-key unit for $50,000 -- that's 1/3 of what the City spent.

The mayor said, "But you wouldn't have a family member live there"! I said my brother resides in one of my units, AND your figure of $150,000 does NOT include the cost of the land and the demo of the old building. Bringing you cost closer to $200,000 per unit.

Now it cost $1,000,000 per unit without the bribes, grants and under handed dishonest stuff the City and County does here in Los Angeles. They are mostly thief's. --47.155.xx.x

$1M Per Unit 4 homeless (by Robert,OntarioCanada [ON]) Posted on: Apr 24, 2024 12:36 PM
Message:

Here they claim only non-profit is the only affordable option for rentals which not affordable when you factor the huge loss that a small building losses over $100,000 per year plus never pays the 13 per HST sales tax on supplies and services. People doing programs on a laptop instead of doing repairs and renovations. A private rental housing will go through a rental unit where everything is checked before tenants move in where the traps are removed cleaned out then all the electrical, plumbing, locks, windows along are leaks are fixed. So the emergency Sunday is very rare. I was once at donate shop having a coffee and grill cheese where sitting close to a person who had a laptop where started a conservation where he was running non profit housing where many people would be out if that was private operation. Some places the administrators are making half million every year where that would happen if that private operation. Those high amounts could be used directly in subsidies to help tenants live. Socialism never works anywhere in the world where only high taxes and no value for taxes. --207.236.xxx.xxx

$1M Per Unit 4 homeless (by 6x6 [TN]) Posted on: Apr 24, 2024 7:02 PM
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I agree with that statement, NE. Makes sense to me. --76.129.xxx.xx

$1M Per Unit 4 homeless (by Heartland [NC]) Posted on: Apr 24, 2024 10:22 PM
Message:

If the government is put in charge of the desert, in 5 years there will be a shortage of sand. --45.37.xxx.xxx

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