3 Years After Los Angeles Taxpayers Handed Over 1.2 BILLION for Homeless Housing, Not a Single Unit Has Been Built

This article is about an audit report by L.A.'s own City Controller Ron Galperin.

Three Years And Zero Homeless Housing Units Later, LA's Auditor Looks At Prop HHH Money

You might think high-priced land is to blame, but the audit pointed to rising construction costs as the main culprit. Galperin focuses particular scrutiny on what are called "soft costs," including consultant fees, permitting and financing.

The audit found that developers are spending "an unusually high" 35% to 40% of their construction budgets on these soft costs (around 30% is more typical). "Actual land costs" meanwhile are at 11%, Galperin said.


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Dam! The Clinton Foundation at least spent a 10% token amount of money to the cause for which it was received.

$1.2 billion and L.A. has nothing to show for it.

Got to hand it to them, that takes balls to be that blatantly corrupt.

WOW THIS IS OVIOUSLY FUCKIN STUPID WAKE THE FUCK UP PEOPLE

Government "efficiency" at it's best.

Bernie, Elizabeth, and the other 17 Democratic Candidates want to replicate Government Efficiency throughout the entire economy!!

WHY? Because it would be more "Fair"!!

in sacramento they had a plan to give all the homeless these little trailers to live in

i think they took them all back

bet mad maxine and pelousy are each 10 or 20 million richer LOLOL

You can bet on thar.

Tax dollars are the means for commiecrats to enrich themselves.

California is a horrible place to live unless you have a LOT of money.

Where is the money now?

Guaranteed!!!!

Nancy needed more plastic surgery

Recent video by NBC

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There's TONS of new homeless housing in L.A. County.

They're called "tents."

So each tent is worth about $100,000.