4 ms·

$86,000,000 / 480 units = $179,000/unit ?! Sounds like someone is getting ripped off. My guess it's the government with the low income housing tax credit.

• pragmatic 16y ago
  Yes it does, at first. Low income housing ain't what it used to be. My wife works with low income families. Many of these residences are at least comfortably middle class. Some are quite nice and you'd never know they were "low income" unless you saw the sign.
  • noodle 16y ago
    very true. where i used to live, there was a very nice looking, new complex being built. i went to check out the property and ask about when units were available, and it was low income housing. i made too much to qualify for a unit. and on the flip side of that coin, these units weren't any cheaper to rent than the regular ones in the area. in fact, they were nicer, and i thought they would be more expensive. perhaps you could say they were subsidizing luxury.
• qeorge 16y ago
  You'd be surprised. Its been a while since I checked, but in 2003 it cost ~$140k to build a Habitat house in Winston-Salem, NC, not including the cost of the land. "Low-income" shouldn't mean shitty. Good construction is expensive, even on relatively small buildings.
  • noja 16y ago
    Does the typical American house have "good construction" though? Or does it vary by state. (In Europe construction seems to be extremely good quality, I'd like a comparison.)