Virginia Avenue Apartments Budget Overrun | Venice Beach News

Venice Beach News Today | 2 Min News | The Daily News Now! · Aug 14, 2026 · 1m

Virginia Avenue Apartments in Santa Monica is facing a $3 million budget overrun, sparking debate among city council members. The nonprofit developer cites higher construction costs—like mold and termite repairs—and full tenant relocation as culprits, though critics argue these issues were foreseeable and should’ve been covered by developer funds first. While some officials call the overrun modest, others question why displaced families still can’t return home. No decisions have been made yet, but pressure mounts to get residents back into their renovated units quickly. Listen in comfort:Get…