1/9: Gov Newsom this week announced the first 10 hotel-to-homeless-housing conversion projects using $600 million of COVID relief money from #ProjectHomekey. How do these projects stack up?
2/9: What really jumps out is the value. These 10 projects will secure 579 units for $76.5 million, or about $132k per unit. That's WAY cheaper than is typical for these projects. For example, this Oakland project cost $314k per unit: huduser.gov/portal/pdredge…