The LA City Controller report, entitled “The Problems and Progress of Prop. HHH,” refers to the $1.2-billion bond measure passed by Los Angeles voters in 2016 to fund the construction of up to 10,000 units of homeless housing. However, that goal assumed that construction costs would remain relatively stable in the years to come.
In 2019, an earlier report from Galperin’s office pegged the average cost of a Measure HHH project at $507,000 per unit. According to the new report, that number grew to $530,000 in 2020, and swelled to nearly $600,000 as of 2021.