Santa Monica Approved homeless project to cost over $1 Million PER Unit

Santa Monica, California, is preparing to construct an apartment building for the homeless that would cost roughly $1 million per unit.

The apartment building, which will be built in Santa Monica and will be home to “122 apartments” and two levels of underground parking, will cost more than $123 million, according to the website for the City of Santa Monica.

A second design concept on the website found that the project could cost even more, totaling more than $200 million for 196 apartments.

“Moving forward in bringing affordable and permanent supportive housing to city-owned land is a key step in our strategy to fulfill our Housing Element requirement,” Santa Monica Mayor Phil Brock said in a statement. “I look forward to the next steps and ultimately seeing families move into these new homes and thrive.”