Santa Monica, California, is preparing to build homeless apartments that will cost about $1 million each.
The Santa Monica apartment building will have “122 apartments” and two levels of underground parking and will cost more than $123 million, according to the newspaper. Website For the City of Santa Monica.
A second design concept posted on the website shows the project could cost even more, totaling more than $200 million for 196 apartments.
Santa Monica Mayor Phil Bullock said, “Advancing our efforts to bring affordable and permanent supportive housing on city-owned land is an important step in our strategy to meet housing element requirements.” . statement. “We look forward to taking the next step and ultimately watching families move into these new homes and thrive.”
The city of Santa Monica has approved a new apartment complex for the homeless that will cost a staggering $1 million per unit. The $123 million project will include just 122 units. The bill was approved just days after an audit found California spent $24 billion to fight homelessness…
— Bill Melugin (@BillMelugin_) April 23, 2024
Construction on the apartments won’t begin until 2028, and the project is expected to be completed and ready for residents by 2030, according to the city’s website.
The cherry on top: Construction won’t begin until 2028, with occupancy expected in 2030, according to the city.https://t.co/1sOO6sYWHg
— Bill Melugin (@BillMelugin_) April 23, 2024
The Santa Monica housing project was reported to have cost California Gov. Gavin Newsom’s (D) administration $24 billion in taxpayer funding since 2018 while the state tried to address its homelessness crisis. It took place a few days later.
of report California’s state auditor found several “gaps” when trying to explain how funds used to fight homelessness in the state were distributed between 2018 and 2023.
Auditor Grant Parks said the California Interagency Council on Homelessness (Cal ICH) does not “consistently” track and evaluate “the state’s efforts to prevent and end homelessness.” Stated.
