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Gavin Newsom: “We were able to get it down to $203,000 per key of state…”

Featuring: Gavin Newsom, Democratic | Governor of California

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NewsConference: One-on-one with California Governor Gavin Newsom on Prop 1

Published | Video Starts at 03:36

We just announced 15,000 new permanent units in just three and a half years in the state. But here's the big idea that works because We were able to get it down to $203,000 per key of state money. You haven't run many headlines. $200,000, mostly seven, 8900,000, particularly down here in LA, because of the siting and permitting reform and because of the unique language that backs that up. (03:36–03:42)

CLAIM

Asserts that the cost per housing unit was reduced to $203,000 of state money.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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