Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 24/11/2011
Author Updating by ACASH is in process
Published By Gregory A. Shinn
Edited By Suneela Farooqi
Uncategorized

Cost of Long Term Homelessness in Central Florida

Cost of Long-Term Homelessness in Central Florida

Introduction

Homelessness is a pervasive and deeply troubling issue that has been plaguing communities across the country for decades. Over the past 20 years, a growing body of research has documented the escalating cost of people without homes in communities across the country. The problem is not just a moral one; it is also an economic one. This paper will explore the financial and social costs of people without homes, the effectiveness of Housing First and Permanent Supportive Housing solutions, and the broader benefits of strategic planning to end homelessness. By examining these aspects, we can better understand the urgency of addressing people without homes and the potential for transformative change through targeted interventions.
Cost of Long-Term Homelessness
Homeless people in America

The Economic Burden of Homelessness

People without homes is not just a social issue; it is an economic one. The costs associated with people without homesare staggering, and they impact not just the individuals experiencing it but the entire community. Research has shown that allowing homelessness to persist is far more expensive than investing in solutions. The costs include emergency medical care, law enforcement interventions, and social services, all of which add up to a significant financial burden on taxpayers. According to a study by the National Alliance to End Homelessness, the average cost of emergency shelter and services for a chronically homeless individual can exceed $35,000 per year. This figure does not even account for the indirect costs such as lost productivity and increased crime rates. The economic impact of homelessness is clear: it is a drain on community resources and a barrier to economic development.

The Effectiveness of Housing First and Permanent Supportive Housing

Despite the high costs of people without homes, many communities have found success in reducing the number of people without homes through Housing First and Permanent Supportive Housing initiatives. These solutions prioritize providing stable housing to individuals and families experiencing homelessness, coupled with access to essential services. The Housing First model, in particular, is highly effective in reducing chronic homelessness. By focusing on immediate access to housing without preconditions such as sobriety or employment, this approach has been able to help some of the most vulnerable individuals find stability. Studies have demonstrated that providing housing and services to chronically homeless individuals can reduce their use of public services, leading to significant cost savings over time. For example, a study in Salt Lake City found that the cost of providing housing and services to chronically homeless individuals was significantly lower than the cost of emergency shelter and other public services. This approach not only improves the quality of life for those experiencing homelessness but also saves taxpayers millions of dollars in the long run.

The Broader Benefits of Strategic Planning

Strategic planning to end people without homes goes beyond just providing housing; it involves creating a comprehensive array of housing options and services that can meet the diverse needs of different populations. This includes not just long-term homeless individuals but also families experiencing episodic homelessness and extremely low-income households. By investing in a range of housing solutions, communities can create jobs, generate tax revenue, and leverage additional funding for services and capital development. For example, the development of affordable housing projects can stimulate local economies by creating construction jobs and increasing property values. Additionally, these projects can attract new businesses and residents, further boosting economic growth. The benefits of strategic planning extend beyond just the economic realm; they also improve the overall quality of life for all community members. By reducing homelessness, communities can experience lower crime rates, improved public health, and a more vibrant social fabric.

Conclusion

Homelessness is a complex issue with significant economic and social costs. However, research and experience have shown that investing in solutions such as Housing First and Permanent Supportive Housing can lead to substantial cost savings and improved quality of life for everyone. Strategic planning to end people without homes through the development of a diverse array of housing options and services not only addresses the immediate needs of those experiencing people without homes but also creates long-term benefits for the entire community. By prioritizing housing and support, we can create a more equitable and prosperous society for all.

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