Strong Towns: The High Price of Affordable Housing

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[T]he case has been made that plenty of publicly subsidized affordable housing costs considerably more to build that market rate housing.  Private developers are able to build new multi-family housing at far lower cost. One local builder has constructed new one-bedroom apartments in Portland at cost of less than $100,000 a unit, albeit with fewer amenities and in less central locations that most publicly supported projects. 

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