Chicago mayor spends $700K per ‘affordable’ apartment unit
Posted by moredencity
Chicago mayor spends $700K per ‘affordable’ apartment unit
Posted by moredencity
2 Comments
It’s stuff like this that makes me often sympathetic to small-c conservatism. Obviously there’s an economy-of-scale issue when only 44 units are involved, but this is a scandal of bureaucratic incompetence.
https://preview.redd.it/licdjjh1jm6e1.jpeg?width=2077&format=pjpg&auto=webp&s=d27c8b59a170a90c04aa2793bd0e9d6bde64d580
>She said the constructions costs for affordable housing are also typically higher than market-rate housing.
If that is not an indictment of the affordable housing system, I don’t know what is