Real estate prices (buying) in the city range from $400 to $1000 a sq ft. That's probably a better estimate, as you'd have to create new spaces. Taking the average of that range, you get $700 * 100 * 7500 = $525M.
I'm all for just setting the more salvageable homeless up in a 900 sq ft condo, and subsidizing it for them (i.e. free), then let them sell it in 3+ years. They can pay back the subsidies, and take the equity and move elsewhere. There would be other requirements as well (attending substance abuse programs, staying out of jail, etc)
I'm all for just setting the more salvageable homeless up in a 900 sq ft condo, and subsidizing it for them (i.e. free), then let them sell it in 3+ years. They can pay back the subsidies, and take the equity and move elsewhere. There would be other requirements as well (attending substance abuse programs, staying out of jail, etc)