May 12, 2010

Hidden Costs

Many times I have commented here on the cost of construction some of the CDC's.  It is not unusual to see costs in the 250-300K range per unit, but there are many hidden costs that I would like to remind you of:
  1. Property that was sold for pennies on the dollar through the EONS via direct negotiations.
  2. What costs will the most recent projects like 48 units on May Street, the 14 units on Piedmont and the 24 units on Southgate (City Builders) will have to our schools and other social services.
  3. Infrastructure improvements like sidewalk repairs and road resurfacing that accompany many of these projects.
If you have not seen my map, check it out and tell me that we have not done enough for low mod housing.

No comments: