In yet another display of government inefficiency, government officials in Bethesda, Maryland, located just outside of Washington, D.C., have decided to spend $4 million to house 12 homeless people for a single year. That averages out to approximately $330,000 per person, a figure that grows even more absurd when one observes that the average price of a single family home in the United States is just over $170,000.
The story was first reported by the Washington Examiner:
Owned and operated by Montgomery County's Housing Opportunities Commission, the "permanent supportive housing" facility will be at 4913 Hampden Lane — between Woodmont Avenue and Arlington Road in downtown Bethesda — and will house six studio and six one-bedroom apartments.
The project received $1 million in federal stimulus money, as well as $944,829 from the Montgomery County Department of Housing and Community Affairs and $2.1 million in Low-Income Housing Tax Credits from the state.
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