Sat Sep 14 00:55:51 UTC 2024: ## Los Angeles Unveils $20.4 Billion Plan to End Homelessness in a Decade
**LOS ANGELES -** A new draft analysis by city housing officials reveals a staggering $20.4 billion price tag for ending homelessness in Los Angeles within the next decade. The plan, which would require a substantial increase in funding from local, state, and federal governments, aims to provide 36,000 permanent housing units for chronically homeless individuals and an additional 25,000 apartments for very low-income residents.
The proposal, while still in its draft stage, outlines a comprehensive approach to homelessness in Los Angeles, projecting a gradual decline in the homeless population, ultimately achieving “functional zero” by 2032. This would signify a significant reduction in homelessness, with the majority of individuals experiencing brief and infrequent periods of homelessness.
The analysis highlights a significant funding gap of $12.5 billion, requiring substantial contributions from all levels of government. The city proposes closing its $2.8 billion share of the gap through a tax increase to be voted on in 2026.
While the plan represents a bold step toward tackling the city’s persistent homelessness crisis, some officials advocate for a more strategic and data-driven approach to spending, urging a shift from ad-hoc investments to prioritized and impactful programs.
The proposal’s success hinges on multiple factors, including increased federal funding, state commitments, and voter approval of a potential county-wide sales tax. With the 2026 World Cup and 2028 Olympics on the horizon, the city faces growing pressure to address homelessness, particularly after Mayor Karen Bass pledged to avoid repeating the past practice of relocating homeless individuals prior to major events.
This analysis follows a previous effort in 2016, when the city launched a $1.2 billion bond initiative aimed at building 10,000 supportive housing units. However, the project fell short of its target, underscoring the magnitude of the current challenge.
As the city navigates the complex financial landscape of homelessness, this analysis provides a roadmap for potentially ending a crisis that has long plagued Los Angeles. However, the plan’s ultimate success will rely on the collaboration of various stakeholders, including city, county, state, and federal governments, as well as the support of Los Angeles residents.
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