News

Affordable housing can cost $1 million per apartment in California. Coronavirus could make it worse

April 09, 2020

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“At $1.1 million per apartment, the Pearl is the priciest affordable housing project in the state and, likely, the country. It also serves as an alarming example of how political, economic and bureaucratic forces have converged to drive up the cost of such housing at a time when growing numbers of Californians need it.”

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