Church and state join in push for new wave of resi development
As costs for new developments continue to impact project decisions, some developers are turning to God for answers – well, sort of. By partnering with local churches for new housing on church-owned land, affordable housing developers can eliminate the added cost of a land acquisition, which can be significant. A fourth quarter report from Avison Young shows the typical land acquisition for new developments in Los Angeles County was $100 to $190 per square foot, when examining the middle 40% of 2025 transactions. By that metric, a developer looking to build a 100-unit multifamily complex in L.A. on one acre […]This article originally appeared on The Real Deal. Click here to read the full story.
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