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b_b · 2513 days ago · link · · parent · post: Homelessness up 26% in LA YoY, 10% in Seattle , *61%* among LA youth
There are governments loans available for such purposes :)
This played out in my old neighborhood. 1) Build high-rise partially funded by tax incentives for section 8 housing 2) Fail to sell condos 3) Argue that the business model didn't work, everything needs to be apartments (no section 8) 4) City refuses to give occupancy 5) Developers sue city 6) City settles, condo becomes apartments, no affordable housing.