Ending Chronic Homelessness Saves Taxpayers Money


Advocacy Resource | November 6, 2015

Files: Ending Chronic Homelessness Saves Taxpayers Money (PDF I 477 KB I 2 pages) Increase Funding to End Homelessness (PDF I 433 KB I 1 page)

A chronically homeless person costs the tax payer an average of $35,578 per year. This study shows how costs on average are reduced by 49.5% when they are placed in supportive housing. Supportive housing costs on average $12,800, making the net savings roughly $4,800 per year. Congress can enact bipartisan solutions to finally end chronic homelessness by 2017. To make this happen, Congress must increase funding for HUD’s Homeless Assistance account by $414 million to $2.664 billion total, as requested by the budget.  This will allow us to replicate the success we’ve already seen in communities that are declaring an end to veteran homelessness, where modest Congressional investments have the country on the verge of solving this problem.