Letter to the editor

As a real estate investor aware of building costs I am absolutely appalled at the fact that the city is spending $590,383 per unit for studio apartments! ("Santa Monica Approves Loan to Build Homeless Housing," October 8, 2020).

This is $1,180 per square foot. In the free market, these units would cost well less than half of what the city is paying.

Read More: https://www.surfsantamonica.com/ssm_site/the_lookout/letters/Letters-2020/10_09_2020_LETTERS_Where_Is_the_Money_to_Tackle_Homelessness.html