In Texas you can get a 2,000 sq ft home in many places for under $300,000. In Los Angeles $600,000 will get you a small affordable housing unit in the middle of the crime district downtown.
“There are 278 units in the 19-story development known as the Weingart Tower. It’s intended to help people currently without shelter on Skid Row and it will be L.A.’s largest permanent support housing project.
The building will have an entire floor of offices for case workers, in addition to a list of impressive amenities: a gym, art room, music room, computer room and library.
Residents will enjoy six common balconies and a café.
It’s considered affordable housing, but the cost to build this type of project still adds up. Each unit costs nearly $600,000 and it’s being funded by taxpayers.
This is being financed by a bond measure—your taxes will pay for it. How soon before it is officially declared a slum? How many druggies will use it as a sales HQ?
New downtown Los Angeles high-rise building to house homeless in $600,000 units
ByMarc Cota-Robles, ABC7, 6/19/24 https://abc7.com/post/new-downtown-los-angeles-high-rise-building-house/14975022/
There are 278 units in the 19-story development known as the Weingart Tower. It’s intended to help people living on L.A.’s Skid Row.
DOWNTOWN LOS ANGELES (KABC) — A grand opening ceremony will be held Wednesday for a high-rise building in downtown Los Angeles that will house homeless individuals.
There are 278 units in the 19-story development known as the Weingart Tower. It’s intended to help people currently without shelter on Skid Row and it will be L.A.’s largest permanent support housing project.
The building will have an entire floor of offices for case workers, in addition to a list of impressive amenities: a gym, art room, music room, computer room and library.
Residents will enjoy six common balconies and a café.
It’s considered affordable housing, but the cost to build this type of project still adds up. Each unit costs nearly $600,000 and it’s being funded by taxpayers.
The $165 million project is receiving permanent financing from Proposition HHH, which voters overwhelmingly passed in 2016. The new tower is also receiving state housing funds and $56 million in state tax credits.
Several elected officials, including L.A. Mayor Karen Bass, will attend a grand opening ceremony at 11 a.m. for the building.
