Monthly Archives: April 2014

How much does housing cost?

This is a common question and one that is becoming increasing important to understand  why there is such a shortage of affordable housing options. The answer is that it costs more than $130,000 to build a one-bedroom apartment unit or almost $225 per square foot (approximate costs to build a wood-frame, multi-family housing development with below ground parking). But that doesn’t include the price of the land or the cost to provide additional supports to residents. Continue reading