Ending Chronic Homelessness Saves Taxpayers Money
A chronically homeless person costs the taxpayer 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 will need to invest in permanent supportive housing to drive progress while reducing tax payers’ spending. Congress should provide at least the $2.487 billion in the House bill for HUD’s Homeless Assistance Grants in FY 2017.