Why Philly’s public housing costs an average of $315,000 per unit

Philadelphia's Housing Authority plans to spend $6.3 billion over eight years to preserve, redevelop, build, or acquire 20,000 subsidized housing units, averaging $315,000 per unit. High costs stem from strict regulations, expensive construction in Philadelphia, limited federal funding, and aging housing stock. PHA President Kelvin Jeremiah noted the plan would not be viable as a for-profit venture.