$105 Million in Resources Allocated to Permanent Supportive Housing
The Home For Good Funders Collaborative is the first of its kind in Los Angeles. The Collaborative is a partnership of over 20 public and private funders, which have pooled together $105 million in resources for permanent supportive housing. These resources include housing vouchers, capital funds and health, mental health, and substance abuse services for over 1,000 chronically homeless individuals throughout the Los Angeles region!
The Funders Collaborative made all funds available through an innovative new application process. It enabled dozens of organizations addressing homelessness to submit a single application rather than several. Where multiple applications can result in waiting periods which can extend to years, the Collaborative award process took just over 7 months. This streamlined application is helping assure that funds are distributed rapidly to meet the needs of people living on the streets.
Home For Good is committed to ending chronic and veteran homelessness throughout Los Angeles County by 2016 and, through this unprecedented partnership, the Collaborative is making a clear investment in achieving this goal.
Elise Buik, President & CEO of United Way of Greater Los Angeles, which leads the Collaborative and with the L.A. Area Chamber of Commerce created the Business Leaders Task Force on Homelessness, says “The remarkable partnership between the public, private, and nonprofit sectors created through this Collaborative is exactly the kind of innovation and collaboration we need to realize this goal. We look forward to broadening the Collaborative to welcome additional corporate, public and private funders in years to come.”
Read the full Funders Collaborative Press Release