Hmmmm. I'm always skeptical when government gets into the housing construction business. It always costs more than if the private sector develops and builds. Simple math says that the $49,900,000 to provide 50 homes means each home would cost $818,000. And not likely include all the impact, permit and other costs the city could waive for itself. That's crazy. Think of how many homes could be created using these funds on other projects. If the city could triple the density maybe it could make sense.
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