HUD Program Spends Average of $232,000 to Create Single Affordable Housing Unit

Average per-unit costs were $232,000, most for one-bedroom apartments, in a review of a U.S. Department of Housing and Urban Development program designed to build and preserve affordable housing.

The Department of Housing and Urban Development’s Housing Trust Fund program needs better oversight, according to a new report from the U.S. Government Accountability Office. 

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