Last week, the County of Los Angeles released key findings on the cost effectiveness of Project 50, an ambitious campaign to move some of the region’s most vulnerable, long-term homeless individuals into permanent housing.
Much like United Way’s 2009 Homeless Cost Study the report concluded that it is in fact far less expensive to house the chronically homeless than it is to leave them on our city’s streets.
Since its launch in late 2007, Project 50 has cost the County $3 million but has saved nearly $3.3 million. The program’s net savings of $238,700 over the course of two years not only proves that the permanent supportive housing model cuts costs for taxpayers and local government, it also improves the overall quality of life for our neighbors in need.
For more information on what United Way is doing to end chronic homelessness in L.A. County, please visit www.homeforgoodla.org.