$600,000 for homeless housing? Audit suggests spending money on shelters instead

The L.A. Times reports:

With the costs of building housing on the rise, Los Angeles City Controller Ron Galperin is recommending that some projects be reevaluated to see if their budgets can be cut to use less of the city’s $1.2-billion homeless housing bond.

In an audit that will be released Tuesday, Galperin found that more than 1,000 units of housing approved for funding through Proposition HHH could top $600,000 apiece.

“The median cost of building many of these units approaches — and in many cases, exceeds — the median sale price of a condominium in the City of Los Angeles and of a single-family home in Los Angeles County,” according to the audit, an early copy of which was obtained by The Times.

No wonder California has problems.