San Diego
From the meeting · City Council, · 0:28
What a new affordable apartment costs to build
As the council weighs a city loan for The Joule, an affordable housing project, staff come back with the per-unit and per-bedroom costs, after a member had asked for the cost per bedroom.
a speaker
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Speech-to-text from the recording, unchecked.
a speaker Did the math.
a speaker Yeah.
a speaker For the Joule, the total unit for the total project cost per unit is $803,000 and then per bedroom is 444,000
a speaker Obviously like we should be pushing hard to get that as low as possible and that 400 plus per bedroom is very different than studios that cost 800,000 per unit and I just think that that's worth mentioning.
Where it's from
- $5 million loan for The Joule affordable housing in Grantville Item S506: what happened
- The episode: Council pauses data centers; flat water rate replaces tiers after court loss
- The full recording from here