>> in los angeles, this 19 story $160 million apartment building is going to be built right in the middle of skid row, a high-rise for homeless. 275 apartments at a staggering price tag of $581,000 per unit. developers tell me they build the studio apartment buildings for around $150,000 per unit. cities are paying a premium using federal funds intended for covid relief, part of the $1.9 trillion relief package. seattle's policies may be contributed to more homeless through the eviction moratorium was extended for a sixth time, leaving many landlords to get out of the rental business. regulations are also creating a disincentive to building rentals. >> we see a disconnect between what's being said and what's being done behind the scenes in terms of their city policies. they make it harder for us to bring apartments to the market. >> these three new apartment