It also cites NYU’s Furman Center study as evidence that “far from blighting a neighborhood, high-quality supportive housing can actually increase property values.”
The article states:
The idea that it might be possible to conquer homelessness is so foreign to the city’s bureaucratic apparatus that officials from the Department of Housing Preservation and Development wouldn’t hazard a guess as to the resources it would take. Common Ground offered some back-of-the-envelope calculations, though, and they’re hardly terrifying. Putting up 100 new Hegeman-quality buildings with units of varying capacities would cost roughly $100,000 per apartment in public funds, with the rest coming from private lenders. The city’s homeless problem, in other words, could be largely wiped out at a cost to taxpayers of roughly $1 billion—which also happens to have been the total bill for Barclays Center.