#Latest news with #housingdevelopersWashington Post2 days agoBusinessWashington PostThese publicly funded homes for the poor cost $1.2 million each to buildIn the heart of D.C., along a narrow street in the affluent Adams Morgan neighborhood, a scaffolding rises above the sidewalk near increasingly expensive homes. The 52-unit building under construction will house people making far below the area's median income. Half will be newly released from incarceration. But the building's development cost is enough to make the neighborhood's wealthier residents blink: $1.2 million per apartment.
Washington Post2 days agoBusinessWashington PostThese publicly funded homes for the poor cost $1.2 million each to buildIn the heart of D.C., along a narrow street in the affluent Adams Morgan neighborhood, a scaffolding rises above the sidewalk near increasingly expensive homes. The 52-unit building under construction will house people making far below the area's median income. Half will be newly released from incarceration. But the building's development cost is enough to make the neighborhood's wealthier residents blink: $1.2 million per apartment.
2 days ago
