High cost of Affordable housing

[Alex U.]

A new city heights affordable housing project has gone up at a cost of over $800k per unit.  Another one below at $600k+ a unit.  As the local governments struggle to manage tax payer money responsibly, they should really offer incentives to private builders to build "income restricted" at a much lower price. $220-$300/ft for vertical build costs.  Merge 56 is 41,257 sq ft ...works out to $708/per sq ft all costs.

[Nathan Gesner]

Quote from @Alex U.:

Are you expecting the California government to use taxpayer funds wisely, the same government that spends $42,000 per homeless person?