LA Spends Up to $837K Per Unit to House a Mere 5,600 of Over 40,000 Homeless – Mish Talk

Inquiring minds are investigating Los Angeles City Controller’s Audit Report on the Progress of Proposition HHH a 2016 measure that authorized spending $1.2 billion to tackle homelessness in LA.

Key Points

• California had 28,464 Homeless in 2016.
• LA then passed proposition HHH, authorizing $1.2 billion to address the problem.
• In early 2020, pre-Covid, the city had 41,250 homeless. There are no current homeless stats and due to Covid are undoubtedly much higher.
• The city is building units to address the problem. 1,200 units have been completed. 
• 4,400 units are in construction.