Commentary Between Gov. Gavin Newsom’s recent pre-budget media blitz, President Joe Biden’s “infrastructure plan,” and Los Angeles Mayor Eric Garcetti’s recent State of the City speech, politicians have been making a lot of big claims recently. In an original economic analysis conducted for the Epoch Times, I analyzed Garcetti’s claims that housing funded by the city’s 2016 HHH bond measure had “turned the corner and beat the hype.” He also claimed during the same April 19 speech that HHH-funded housing is “set to come in at an average of $15,000 cheaper for one thousand units more than originally promised—two years ahead of schedule.” Indeed, after two-to-three years of almost no activity, there were 489 housing units built by the end of 2020—a vast improvement from the 62 built by the end of 2019. Maybe some would agree that the program had finally “turned the corner”. Whether the program had “beat …
LA-Funded Homeless Housing is Still Slow and Expensive
May 17, 2021
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