butters
High on a Hill
- Joined
- Jul 2, 2009
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Biden’s goal is to tackle inflation and increasing housing stock is the perfect place to start. Across the country, there is an estimated housing supply deficit of 3.8 million homes, which has severe economic consequences, including driving inflation and exacerbating the homelessness crisis. Homelessness creates massive social and economic costs for American cities, families, individuals, and the federal government itself; one 2017 study found that a person experiencing chronic homelessness costs the taxpayer an average of more than $35,000 per year.
Houston demonstrates the benefit of this approach. The city has decreased homelessness by approximately 63% since 2011 and saved taxpayers millions of dollars by placing people in permanent housing and giving them the support they need to stay there. The cost of allowing people to remain on the street — costs associated with community programs, health care, child welfare, public health, mental health care, and criminal justice — is enormous.
https://www.msn.com/en-us/news/poli...pc=U531&cvid=47dbe7a9bc134fc381047d1de69f409bConversely, through permanent housing programs and supportive services, Houston houses individuals for approximately $18,000 per person per year — the average cost of rent for a one-bedroom unit plus a portion of a case manager’s salary.