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Estimated Cost to End Homelessness
Slide presentation on the scope of services and cost to end homelessness in Los Angeles, prepared for Bring LA Home!
By Daniel Flaming, September 2005, 24 slides
Policy Questions Covered:
- How many people are homeless?
- What services are needed?
- How much spendable resources do homeless people have?
- How are housing needs met?
Summary of Findings:
- More effective efforts to help homeless residents re-enter the labor force and obtain public benefits will reduce costs by an estimated 16 percent (cautious to semi-optimistic scenario).
- Reducing the flow of people being cared for by major social institutions into homelessness will reduce costs by an estimated 47 percent (semi-optimistic to optimistic scenario).
- Providing housing is by far the greatest cost in ending homelessness – accounting for two-thirds to three-quarters of total costs.
- Requiring households with modest but still significant spendable resources (single adults with $7,000 to $11,999 and families with $10,000 to $15,999) to increase their contribution to rent costs by 5 percent each year will reduce costs by an estimated 37 percent (optimistic to modified-optimistic scenario).
- The lowest cost scenario (modified optimistic) is estimated to cost roughly double what is currently being spent on homelessness.