A new report estimates for the first time the cost of eliminating homelessness in California by 2035—it says the state must spend about $8B a year for at least a dozen years, a total of $100B—an estimate the groups who backed the study say is doable for a state with California's resources.
According to the study from the California Housing Partnership and the Corporation for Supportive Housing, state and federal spending on homelessness in the Golden State will average $1.2B in coming years.
This leaves a gap of $6.9B a year in needed spending, primarily for housing, which sounds like a very large number—until you remember that if California were a country, it would have the sixth-largest global economy.
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