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Santa Monica's $35M affordable housing project now costs $2.4M more than planned
Summary by Santa Monica Daily Press
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Santa Monica's $35M affordable housing project now costs $2.4M more than planned
The city-financed rehabilitation of a 40-unit affordable apartment complex is projected to run about $2.4 million over budget, city officials told the City Council on Tuesday, prompting pointed questions about why extensive mold and termite damage in a building constructed in 1947-48 was not anticipated.The Virginia Avenue Apartments, at 2033-2101 Virginia Avenue, are being renovated by Community Corporation of Santa Monica, or CCSM, a nonprofit…
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