Nearly 600,000 Americans were left without housing in 2020 as a result of surging costs and a rise in unemployment during the COVID-19 pandemic, CNBC reports. Despite rising budgets to combat homelessness in New York City and California, the national crisis has improved by just 10% compared with 2007. Though a “housing first” strategy has provided foundational support for thousands of unhoused people across the U.S., critics suggest that the approach has not been largely successful at reducing homelessness as a whole.
In 2019, New York City spent a record-breaking $3 billion to support its homeless population. California is also expected to break its record, allocating $4.8 billion to the same issue over the next two years.
“Right now, we are trending in the wrong direction,” said Anthony Love, interim executive director at the United States Interagency Council on Homelessness. “The state of homelessness is pretty tenuous, and there are some small increases that are taking place across the board.”
Advertisement
Related Stories
Housing Policy + Finance
Even With Inflation Running Hot and Elevated Mortgage Rates, Buyer Demand Rises
Mortgage rates will likely stay high for the next few months, but that doesn't seem to be deterring homebuyers
Housing Policy + Finance
The Garden State Takes a New Approach to Expanding Affordable Housing
Recent legislation in New Jersey could provide inspiration for eliminating affordable housing hurdles in other places with strong housing markets
Housing Policy + Finance
Housing As Health Care: The Debate Continues
As more states channel Medicaid money into housing, the debate around whether states should use public health insurance money to provide housing is intensifying
