>> If it takes say a $2 million loan to acquire land and build units for 100 families According to the Terner Center in 2016 in CA the cost per unit was ~ $425

>> If it takes say a $2 million loan to acquire land and build units for 100 families According to the Terner Center in 2016 in CA the cost per unit was ~ $425k (probably more now) or $42m to house 100 families. https://ternercenter.berkeley.edu/research-and-policy/the-cost-of-building-housing-series/#:~:text=Affordable%20Housing%20Costs%3A%20The%20cost,and%20regulation)%20impact%20affordable%20housing https://ternercenter.berkeley.edu/research-and-policy/the-co....