Homelessness spending in Los Angeles must more than double to $2 billion a year to end sleeping on the streets in the city, according to a draft report by housing officials
It would cost $20.4 billion to end homelessness in Los Angeles in a decade, a price tag requiring local, state and federal governments to more than double their spending on the problem, according to a draft budget analysis from city housing officials. The money would produce 36,000 permanent housing units for homeless residents with chronic health needs and build or subsidize 25,000 additional apartments for very low-income residents.
“We have been making a lot of investments in shelter and in housing,” Raman said. “Those investments have often been made in a very ad hoc manner.” Raman said she’s waiting on the final version to examine its assumptions in depth, but understood that any proposal would be expensive. There could be opportunities to cut costs, she said, citing data from interim housing programs showing that temporary housing subsidies are helping more people exit homelessness than originally believed.
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