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Cost to Build Affordable Housing

Started by Krolik
about 3 hours ago
Posts: 1418
Member since: Oct 2020
Discussion about
https://www.wsj.com/us-news/mamdani-proposes-nycs-biggest-housing-project-in-50-years-he-needs-trumps-help-dfaaadfe?
Response by Krolik
about 3 hours ago
Posts: 1418
Member since: Oct 2020

Some articles suggest $21bn will not be enough to construct 12,000 subsidized units due to complexity of this project. So how much will it cost per unit? and is that a reasonable use of capital?

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Response by Woodsidenyc
about 3 hours ago
Posts: 180
Member since: Aug 2014

So 1.7 million per unit.

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