Santa Monica to Build 122 Affordable Apartments for $1 Million Each

Santa Monica, a Southern California coastal city, is moving ahead with plans to build 122 affordable apartments for low-income and homeless people at a cost of more than $1 million for each unit. Officials approved a design concept for the project at a city-owned site on 4th Street, a former parking structure. “Moving forward in bringing affordable and permanent supportive housing to city-owned land is a key step in our strategy to fulfill our Housing Element requirements,” Mayor Phil Brock said in a statement. “I look forward to the next steps and ultimately seeing families move into these new homes and thrive.” The multi-story, 122-unit apartment building will have a mix of studios, one-, two-, and three-bedroom apartments. The ground floor will also have retail shops and parking for residents and businesses....