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L.A.’s $1.2 Billion Bond Measure to Combat Homelessness Not Keeping Pace With Growing Need for Housing: Audit Posted 4:21 PM, October 8, 2019, by Nouran Salahieh Updated at 04:23PM, October 8, 2019 Nearly three years after Los Angeles voters approved a $1.2 billion bond program to build up to 10,000 housing units for the homeless, an audit has found that no units have been made available and there are only 19 projects under construction across the city.Meanwhile, costs per unit set to be built are rising dramatically. ...Measure HHH, which passed with more than 77% of the vote in 2016, was meant to build units that would cost about $350,000 to $414,000 each. But the audit has found 1,000 of the units cost $600,000 or more.The median cost of each unit is $531,000, and now only 7,640 units are set to be funded, according to the audit. ...
$600,000 for homeless housing? Audit suggests spending money on shelters instead By Doug SmithSenior Writer Oct. 7, 20198 PMWith the costs of building housing on the rise, Los Angeles City Controller Ron Galperin is recommending that some projects be reevaluated to see if their budgets can be cut to use less of the city’s $1.2-billion homeless housing bond.In an audit that will be released Tuesday, Galperin found that more than 1,000 units of housing approved for funding through Proposition HHH could top $600,000 apiece. “The median cost of building many of these units approaches — and in many cases, exceeds — the median sale price of a condominium in the City of Los Angeles and of a single-family home in Los Angeles County,†according to the audit, an early copy of which was obtained by The Times. ... More at L.A. Times
