Inside LA’s $2.6B homeless housing splurge in luxe neighborhoods — costing taxpayers $1M a room

Los Angeles homeless people are being put up in brand new apartments in ritzy neighborhoods that cost taxpayers up to $1.5 million per room, the California Post can reveal. At least $2.6 billion of taxpayers cash has been spent buying and renovating hotels, motels and dorms for the huge unhoused population in the city and county since 2020. The properties were all purchased with $1.3 billion from Governor Gavin Newsom’s Homekey initiative, which then renovated with another $1.3 billion in funding from the city and county of Los Angeles. Some of the suites, which are staggered across neighborhoods such as...