Don’t take government money to do something good, thereby avoiding the government’s strings necessarily attached (as well as government’s strings that are attached unnecessarily), and be able to do the good thing at much less cost, including for the taxpayers providing the government’s fettered money.
By forgoing government assistance and the many regulations and requirements that come with it, SDS Capital Group said the [affordable housing] 49-unit apartment building it is financing in South Los Angeles will cost about $291,000 a unit to build.
The roughly 4,500 apartments for low-income people that have been built with funding from a $1.2 billion bond measure LA voters approved in 2016 have cost an average of $600,000 each.