> $2B of this funding will support the conversion of hotels, motels, and other buildings into housing and the construction of new housing for those experiencing or at risk of homelessness and those living with mental health or SUD. This is estimated to lead to 4,350 new housing units, with 2,350 units set aside for veterans

Which is $500k/unit, which doesn't seem out of the question, given how expensive the Bay Area is.Though you'd hope with economies of scale you could get it down lower.