he seven subsidized housing developments, all in Northern California, received state funding within the last two years and are under construction or close to breaking ground. When completed, they will provide homes for more than 600 families.

But their exorbitant price tags mean that taxpayers are subsidizing fewer apartments than they otherwise could while waiting lists of renters needing affordable housing continue to grow.

Read More: https://www.msn.com/en-us/money/realestate/affordable-housing-in-california-now-routinely-tops-dollar1-million-per-apartment-to-build/ar-AAYF6go?li=BBnbfcL