The Economic Consequences of Homelessness in The US

The Social Cost of Homelessness
Average Daily Number of Homeless in the US 553,742 1
Average Minimum Cost per Person $30,000 2
Minimum Social Cost to US taxpayers $16,612,260,000 3
($332M per state)
Federal Government Support for Homelessness $5,822,000,000 2
($116M per state)
Discrepancy $10,790,260,000
($216M per state short)
Solutions
1. The A/F Inner-Cities Strategic Revitalization Initiative (M. Merrill)
2. The A/F Strategic Housing Revitalization Initiative (A. Carbone)
3. The A/F Balanced Home Mortgage Initiative (L. Folks)
4. The A/F Jobs Training Educational Redevelopment Economic Emancipation Initiative (R. Green)
Note:
In Silicon Valley, CA, the top 5% of the Homeless population accounts for 47% of all public costs.
1
U.S. Dept. of Housing and Urban Development
2
U.S. Interagency Council on Homelessness
3
The stated costs only reflect traditional solutions, such as Emergency Shelters, Transitional Housing Support, and
Permanent Supportive Housing. Costs not factored-in to these equations include, but are by no means limited to,
the following: Financial, Health Care, Environmental, Criminal Justice, and Social.
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