"Non-profit" just encourages padding expenses along the way.
City of LA had access to government-owned land, fairly large pool of labor and probably some bulk discounts on building materials. Yet after you add consultants, construction unions and other well-connected entities jumping onto the gravy train, average unit ended up above $600k, way above an average "for-profit" luxury condo in LA
https://www.bloomberg.com/news/articles/2022-02-23/la-paying...